(i) Be supported by a process of interior Handle that provides reasonable assurance that the costs are exact, allowable, and correctly allocated;
Fees incurred or compensated by a Point out or nearby authorities on behalf of and in immediate advantage to its IHEs are allowable. These fees consist of but are certainly not restricted to fringe profit plans like pension fees and Federal Insurance policies Contributions Act (FICA) prices.
(i) In circumstances of conflict between the necessities of applicable portions of this portion plus the stipulations of your agreement, the terms and conditions of your contract and also the Much prevail.
The receiver or subrecipient will have to retain and use documented processes for procurement transactions under a Federal award or subaward, which includes for acquisition of assets or companies.
(6) Other awards beneath which the receiver or subrecipient is just not required to account for precise prices incurred.
(ii) Measuring The prices of irregular or mass severance shell out through an accrual approach won't reach fairness for both of those events. Hence, accruals usually are not allowable.
There aren't any requirements governing the disposition of software profits earned once the end from the duration of general performance from the Federal award Unless of course stipulated within the Federal agency laws or perhaps the conditions and terms in the Federal award.
suggests a Federal loan or loan guarantee acquired or administered by a receiver or subrecipient, other than as employed On this portion's definition of plan revenue.
Identification of whether This system will difficulty Federal check here awards with a discretionary or non-discretionary basis;
(i) The receiver or subrecipient has failed to comply with the conditions and terms with the Federal award; or
signifies a payment that should not are actually manufactured or which was manufactured in an incorrect volume below statutory, contractual, administrative, or other legally relevant specifications. The expression improper payment incorporates: any payment to an ineligible receiver; any payment for an ineligible very good or services; any replicate payment; any payment for a good or provider not acquired, apart from those payments the place licensed by law; any payment that is not approved by legislation; and any payment that doesn't account for credit history for applicable special discounts. See OMB Round A-123 Appendix C, Specifications for Payment Integrity Improvement
(seven) Essential Dates. Crucial dates consist of thanks dates for distributing programs or Government Order 12372 submissions, as well as for virtually any letters of intent or preapplications. For almost any announcement issued just before a program's software components can be found, important dates also involve the date on which those elements will be unveiled; and every other more details, as considered relevant by the Federal company.
normally suggests a company or entity structured for the objective of earning a revenue. The time period involves but just isn't limited to:
suggests prices created by a receiver or subrecipient to your task or application for which a Federal award is received.