(g) The receiver or subrecipient ought to not receive or preserve any revenue resulting from Federal financial aid Except explicitly approved through the conditions and terms in the Federal award.
(a) Bonding fees come up if the Federal company involves assurance versus monetary loss to alone or Other individuals because of an act or default of the recipient or subrecipient.
(B) Two or even more dependable bidders have been identified as ready and in a position to compete properly for the organization; and
means economical obligations incurred through the recipient or subrecipient although not compensated (liquidated) for financial reports organized with a hard cash basis.
Irrespective of whether gear is acquired in part or its entirety under the Federal award, the recipient or subrecipient ought to deal with devices (together with substitution products) making use of processes that meet the following needs:
signifies a questioned Charge particularly discovered by the auditor. Recognized questioned expenses certainly are a subset of probable questioned fees.
indicates an entity that gets a Federal award straight from a Federal agency to perform an activity under a Federal plan. The expression receiver won't include things like subrecipients or persons which might be individuals or beneficiaries in the award.
(e) Any unique disorders should be immediately taken out once the disorders that prompted them are already satisfied.
(2) “Produced goods” means objects and design supplies composed in full or in part of non-ferrous metals which include aluminum; plastics and polymer-based mostly items for example polyvinyl chloride pipe; aggregates like concrete; glass, which include optical fiber; and lumber.
All routines which take advantage of the receiver's or subrecipient's oblique Charge, including unallowable activities and donated services through the receiver or subrecipient or third events, will acquire an appropriate allocation of oblique expenses.
(one) Severance pay back, also generally generally known as dismissal wages, is a payment Along with typical salaries and wages, by recipients and subrecipients to employees whose employment is staying terminated. Severance fork out is allowable only into the extent that, in Each individual scenario, it is necessary by:
The prior acceptance necessities for your steps described in paragraph (g) of this segment are mechanically waived for Federal awards that assistance study Except if stipulated in the Federal company's laws or conditions and terms of your Federal award.
The receiver website and subrecipient must utilize these rules in pinpointing allowable expenditures below Federal awards. The receiver and subrecipient should also use these concepts like a guideline in pricing preset-price contracts and subcontracts when charges are Employed in deciding the right cost. These Price tag principles usually do not use to:
(2) Are unallowable because they are usually not allocable to your Federal award(s), have to be adjusted, or maybe a refund have to be produced in accordance with the necessities of the area. These changes or refunds are intended to correct the proposals applied to establish the premiums and do not constitute a reopening of the rate negotiation.