When suitable for the procurement or usage of common or shared items and products and services, recipients and subrecipients are encouraged to enter into Condition and local intergovernmental agreements or inter-entity agreements for procurement transactions.
Every time a recipient or subrecipient sells the property, it have to spend the Federal company an total calculated by multiplying the percentage with the Federal agency's contribution in direction of the original invest in (and cost of any improvements) through the proceeds of the sale following deducting any genuine and realistic expenses compensated to market or correct up the house available.
(4) When obtaining substitution tools, the recipient or subrecipient might either trade-in or sell the gear and use the proceeds to offset the cost of the substitute machines.
(one) The value of donated land and properties have to not exceed its truthful market value at some time of donation to the recipient or subrecipient as founded by an independent appraiser (as an example, Licensed serious house appraiser or Typical Products and services Administration consultant) and Qualified by a responsible official of your recipient or subrecipient as necessary through the Uniform Relocation Aid and Authentic Property Acquisition Guidelines Act of 1970, as amended, (42 U.
(2) PRHP expenditures calculated working with an actuarial Value approach recognized by GAAP are allowable for a specified fiscal year When they are funded for that 12 months inside of six months after the stop of that calendar year. Prices funded following 6 months (or maybe a later on time period agreed to by the cognizant agency for oblique prices) are allowable from the yr funded. The cognizant agency for indirect expenditures may possibly agree to an extension if an suitable adjustment is built to compensate for that timing of the costs into the Federal Authorities and linked Federal reimbursement along with the receiver's or subrecipient's contributions to the PRHP fund.
It's not constantly doable to specify the categories of fees Which may be categorised as oblique fees for nonprofit businesses due to variety of their accounting procedures. The association of a cost that has a Federal award is the determining Think about distinguishing immediate from oblique expenses.
Incentive compensation to employees based upon Value reduction, successful overall performance, suggestion awards, or security awards is allowable into the extent that the overall payment is decided to be acceptable and this kind of prices are compensated or accrued Based on an arrangement entered into in superior faith concerning the receiver or subrecipient and the employees prior to the solutions had been rendered, or As outlined by an established plan accompanied by the receiver or subrecipient so regularly as to indicate, in influence, an settlement to help make these types of payment.
the Federal company just isn't needed to reimburse such fees In case the receiver would not obtain the Federal award or If your Federal award is less than expected and inadequate to deal with these types of costs).
The recipient or subrecipient is accountable for the settlement of all contractual and administrative concerns arising away from its procurement transactions. These troubles involve, but usually are not restricted to, source evaluation, protests, disputes, and promises. These criteria will not ease the recipient or subrecipient of any contractual obligations less than its contracts.
There are precise situations through which the receiver or subrecipient may well utilize a noncompetitive procurement strategy. The noncompetitive procurement approach may perhaps only be utilised if certainly one of the following situations applies:
The Federal company may well waive any efficiency report that is not essential to ensure the aims and aims from the Federal award are now being reached.
signifies the auditor's ideal estimate of complete questioned prices, not simply the recognised questioned charges. Most likely questioned prices are produced by extrapolating from audit proof acquired, one example is, by projecting identified questioned expenses discovered in an audit sample to all the population from which the sample was drawn.
The Federal company may only use application information and facts collections more info approved by OMB beneath the Paperwork Reduction Act of 1995 and OMB's implementing restrictions in 5 CFR section 1320 and in alignment with OMB-authorized, govt-vast data components out there with the OMB-selected criteria direct.
The receiver and subrecipient are answerable for the oversight in the Federal award. The recipient and subrecipient ought to monitor their things to do underneath Federal awards to ensure They are really compliant with all necessities and meeting performance expectations.