200 loan - An Overview
200 loan - An Overview
Blog Article
Application cash flow is deducted from the total allowable prices, decreasing the general whole volume of the Federal award.
Every time a recipient or subrecipient sells the assets, it should pay the Federal company an amount calculated by multiplying The share of your Federal company's contribution in the direction of the initial invest in (and price of any advancements) with the proceeds of your sale immediately after deducting any real and fair costs paid to sell or deal with up the assets available for purchase.
The Affiliation of fees having a Federal award establishes no matter if costs are direct or oblique. Costs charged straight to a Federal award are usually incurred especially for that Federal award (such as, one example is, supplies necessary to attain the award's targets as well as the proportion of staff payment and fringe Gains expended in relation to that certain award).
The recipient or subrecipient will have to maintain and use documented techniques for procurement transactions under a Federal award or subaward, which includes for acquisition of residence or companies.
(a) Recipients and subrecipients are prohibited from obligating or expending loan or grant funds to:
(i) The worth of donated home needs to be identified in accordance Using the accounting insurance policies from the receiver or subrecipient with the subsequent qualifications:
(one) The only real foundation with the determination may be the applicant's prior document of effectiveness on administering Federal awards or its report of integrity and business enterprise ethics, as explained in § 200.
(1) A general public or non-public organization situated in a rustic besides The usa and its territories that may be subject towards the legislation on the place where it is situated, no matter the citizenship of challenge team or place of overall performance;
(h) The method utilized for determining the value of donated devices, properties, and land for which title passes for the check here receiver or subrecipient may differ based on the next:
(five) A requirement the subrecipient allow the move-by means of entity and auditors to entry the subrecipient's information and financial statements with the go-by way of entity to satisfy its monitoring necessities; and
implies an entity that gets a subaward from the move-by way of entity to execute Portion of a Federal award. The expression subrecipient would not consist of a beneficiary or participant. A subrecipient can also be considered a recipient of other Federal awards straight from a Federal company.
(g) Donated property from 3rd events may well contain merchandise like devices, Office environment provides, laboratory materials, or workshop and classroom materials. The assessed value of donated home involved as cost sharing will have to not exceed the assets's fair industry price at enough time with the donation.
When requesting approval for price range revisions, the receiver or subrecipient need to use exactly the same structure for spending budget facts that was used in their application, apart from In the event the Federal company has authorized an alternate structure.
Demands for growth and submission of indirect cost level proposals and value allocation options are contained in the next Appendices: