When suitable for the procurement or utilization of frequent or shared goods and solutions, recipients and subrecipients are encouraged to enter into State and local intergovernmental agreements or inter-entity agreements for procurement transactions.
Micro-purchases could be awarded devoid of soliciting competitive rate or price quotations When the receiver or subrecipient considers the cost affordable according to exploration, experience, order history, or other info; and maintains paperwork to assistance its conclusion. Acquire playing cards can be utilized for a technique of payment for micro-buys.
(12) Council of governments, whether or not included as being a nonprofit corporation under State law; and
(4) Severance payments to foreign nationals used via the recipient or subrecipient outside the house The usa, towards the extent that the amount exceeds the customary or prevailing methods with the recipient or subrecipient in The us, are unallowable Unless of course These are expected by relevant foreign legislation or necessary for the overall performance of Federal programs and authorised via the Federal company.
(three) IHEs may perhaps supply personnel tuition waivers or reductions, offered that the benefit will not discriminate in favor of hugely compensated staff.
Proceeds with the sale of real house, equipment, or supplies. The proceeds need to be managed in accordance with the necessities in the Property Specifications of §§ two hundred.
implies the Federal agency designated to perform the tasks described in § two hundred.513(a). The cognizant company for audit just isn't essentially the same as the cognizant agency for indirect expenditures.
When it is predicted that the period of overall performance will incorporate several budget intervals, the Federal company ought to show that subsequent spending plan periods are matter to The supply of resources, system authority, satisfactory performance, and compliance Together with the terms and conditions on the Federal award.
The cost of fringe Positive aspects in the form of regular compensation paid out to staff members all through durations of authorized absences from the occupation, like for once-a-year go away, loved ones-similar go away, Ill leave, holiday seasons, courtroom depart, navy leave, administrative go away, along with other similar Gains, are allowable if all of the next criteria are achieved:
OMB will overview Federal company laws and implementation of the aspect. OMB will give interpretations of policy necessities and help to make certain efficient, efficient, and reliable implementation.
There's no universal rule for classifying certain prices as immediate or indirect costs. A price may very well be direct for some specific support or perform but oblique for that Federal award or other last cost goal.
signifies the auditor's most effective estimate of overall get more info questioned charges, not just the regarded questioned fees. Probable questioned costs are formulated by extrapolating from audit evidence received, as an example, by projecting known questioned charges recognized within an audit sample to your entire population from which the sample was drawn.
Pension plan costs incurred in accordance Using the proven composed policies of your receiver or subrecipient are allowable, offered that:
(three) Confined in scope to one or more of the next types of compliance demands: routines allowed or unallowed; allowable charges/Expense ideas; eligibility; and reporting.