(i) The worth of donated residence must be established in accordance Using the accounting guidelines of your recipient or subrecipient with the next skills:
(file) The documents for indirect Value rate computations or proposals, Price tag allocation plans, and any equivalent accounting computations of the rate at which a specific group of expenses is chargeable (including computer use chargeback premiums or composite fringe benefit fees) must be retained according to the applicable option under:
(a) The costs result from monetary obligations which had been properly incurred through the recipient or subrecipient ahead of the helpful date of suspension or termination, instead of in anticipation of it; and
(a) All procurement transactions under the Federal award must be carried out in the way that gives comprehensive and open up Opposition which is in keeping with the criteria of the area and § two hundred.320.
(E) The recipient or subrecipient need to document and provide a justification for all bids it rejects.
The Federal agency need to not allow a transfer of cash that might induce any Federal appropriation for use for functions besides Those people consistent with the appropriation.
(2) Ensure that the subrecipient can take corrective action on all considerable developments that negatively have an affect on the subaward. Substantial developments involve Single Audit results linked to the subaward, other audit findings, web-site visits, and written notifications from a subrecipient of adverse conditions that can effects their power to fulfill the milestones or the objectives of a subaward.
The receiver or subrecipient is to blame for pinpointing an suitable simplified acquisition threshold depending on inner controls, an evaluation of hazard, and its documented procurement methods, which can be lessen than, but should not exceed, the more info edge founded in the Considerably.
indicates a proper announcement of The supply of Federal funding via a money support system from the Federal company. The observe of funding possibility offers info on the award, including who's qualified to use, the evaluation standards for choosing a recipient or subrecipient, the required parts of an application, and the way to submit the appliance.
Besides as otherwise furnished by Federal statutes or even the Federal company, true residence should be useful for the initially authorized goal providing it is needed for that intent. Whilst the assets is getting used for the initially licensed goal, the receiver or subrecipient should not get rid of or encumber its title or other pursuits besides as supplied by the Federal company.
The receiver or subrecipient is inspired to utilize excessive and surplus Federal residence alternatively of purchasing new equipment and house when it's feasible and decreases challenge expenditures.
(b) Conform to any limitations or exclusions set forth in these ideas or during the Federal award regarding kinds or volume of Price tag goods.
(a) The Federal agency or move-through entity ought to close out the Federal award when it decides that all administrative actions and required function of your Federal award are already completed. Once the receiver or subrecipient fails to accomplish the necessary administrative steps or even the demanded operate for an award, the Federal company or go-via entity will have to progress with closeout determined by the data accessible. This part specifies the executive steps expected at the end of the duration of general performance.
(b) The prices are properly supported by authorized Charge allocation ideas in accordance Along with the relevant Price accounting rules of the part; and