(i) The value of donated assets has to be identified in accordance Together with the accounting policies of the receiver or subrecipient with the following skills:
The recipient and subrecipient are accountable for the oversight from the Federal award. The receiver and subrecipient must observe their activities less than Federal awards to guarantee These are compliant with all demands and meeting efficiency anticipations.
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(xii) Aid Listings title and range; the move-by way of entity have to establish the greenback volume built available under each Federal award and the Aid Listings Range at enough time of disbursement;
implies a Federal award for which the start date is contiguous with, or carefully follows, the top in the expiring Federal award. The beginning date of a renewal award commences a different and distinctive period of functionality.
(three) Limited in scope to one or more of the following kinds of compliance necessities: activities authorized or unallowed; allowable expenses/Price tag principles; eligibility; and reporting.
When realistic, the receiver or subrecipient is inspired to use worth engineering clauses in contracts for building projects of sufficient measurement to supply acceptable opportunities for Expense reductions.
(one) The only basis for the resolve could be the applicant's prior record of functionality on administering Federal awards or its document of integrity and small business ethics, as explained in § 200.
usually means the documentation prepared by a receiver to substantiate its ask for to ascertain an indirect Expense fee as described in appendices III via VII and appendix IX to this portion.
(b) Once the closeout of the Federal award, a marriage designed under the Federal award could possibly be modified or led to total or partly. This may only be completed Along with the consent from the awarding Federal agency or pass-by means of entity and also the recipient or subrecipient, furnished the tasks from the recipient or subrecipient referred to in paragraph (a) of this portion, including People for property management as relevant, are deemed and provisions are created for continuing responsibilities from the recipient or subrecipient, as proper.
signifies a click here receiver or subrecipient that provides a subaward to your subrecipient (such as reduce tier subrecipients) to carry out Element of a Federal software. The authority in the go-via entity underneath this component flows in the subaward settlement involving the go-by means of entity and subrecipient.
suggests the time interval involving the beginning and conclusion date of the Federal award, which can contain a number of spending budget durations.
The receiver or subrecipient is responsible for deciding and documenting an ideal micro-acquire threshold according to inside controls, an analysis of danger, and its documented procurement treatments. The micro-invest in threshold employed by the recipient or subrecipient have to be licensed or not prohibited below Condition, community, or tribal legislation or regulations.
When it's anticipated which the duration of functionality will contain numerous budget intervals, the Federal agency ought to suggest that subsequent funds periods are subject matter to the availability of cash, system authority, satisfactory performance, and compliance While using the terms and conditions in the Federal award.