What Does 200 cash Mean?
What Does 200 cash Mean?
Blog Article
(2) The outcome of earlier audits. This includes considering whether or not the subrecipient receives a Single Audit in accordance with subpart File as well as the extent to which precisely the same or related subawards are actually audited as a major system;
Administrative and clerical employees salaries must normally be handled as indirect charges. Immediate charging of such charges may be appropriate only should they meet up with all of the following problems:
(1) Is realistic for the solutions rendered and conforms for the proven prepared policy in the receiver or subrecipient regularly applied to each Federal and non-Federal routines;
Excluding subpart File, which is needed by The only Audit Act, Federal statutes or polices govern in any circumstances where by they conflict With all the provisions of this element.
(3) The procurement is predicted to exceed the simplified acquisition threshold and specifies a “brand name identify” products;
(3) The Federal agency must give a duplicate of the full text of the general stipulations if a recipient requests it.
(one) Fees unallowable under other sections of those concepts need to not be allowable under this part solely because they represent staff compensation.
The Federal agency have to ask for the transfer of documents to its custody in the receiver or subrecipient when it establishes which the data possess very long-term retention value.
usually means orders put for residence and companies, contracts and subawards built, and similar transactions that require payment by a receiver or subrecipient below a Federal award that will lead to expenditures by a recipient or subrecipient under a Federal award.
Real residence, equipment, and intangible residence acquired or improved With all the Federal award should be held in believe in via the recipient or subrecipient as trustee for that beneficiaries from the job or application underneath which the assets was acquired or improved.
(e) The data for program revenue acquired following the duration of performance needs to be retained for 3 years in the 200 cash stop with the receiver's or subrecipient's fiscal year by which the program income is gained.
suggests time interval concerning the start and conclude day of the Federal award, which can include things like a number of price range intervals.
A price is acceptable if it does not exceed an volume that a prudent person would incur under the conditions prevailing when the choice was built to incur the fee. In identifying the reasonableness of the given Expense, thought has to be provided to the next:
Some nonprofit organizations, as a result of their measurement and character of operations, may be considered to be just like for-income businesses with regard to the applicability of Charge rules. These nonprofit companies need to operate beneath Federal Charge rules that use to for-revenue corporations Positioned at 48 CFR 31.