(b) The costs are adequately supported by accepted cost allocation designs in accordance Using the relevant Charge accounting concepts of the part; and
For nonprofit businesses, the costs of pursuits performed via the nonprofit Business principally like a support to associates, clientele, or most people when considerable and essential to the Firm's mission need to be handled as direct charges if allowable, and become allotted an equitable share of indirect costs. Some examples of a lot of these activities consist of:
(5) Payments for unfunded PRHP expenditures should be billed in accordance While using the allocation ideas of this subpart. Particularly, the recipient or subrecipient might not charge unfunded PRHP expenses on to a Federal award if Individuals unfunded PRHP expenses are certainly not allocable to that award.
The Federal company's or go-through entity's legal rights of access are certainly not restricted to the necessary retention period of this aspect but final as long as the data are retained. Federal businesses or move-by means of entities have to not impose almost every other obtain needs on recipients and subrecipients.
suggests the procedure by which the Federal agency or move-via entity determines that all relevant administrative actions and all needed work on the Federal award are done and normally takes steps as described in § two hundred.344.
usually means orders positioned for house and expert services, contracts and subawards made, and very similar transactions that call for payment by a recipient or subrecipient less check here than a Federal award that could cause expenditures by a recipient or subrecipient under a Federal award.
There isn't any necessities governing the disposition of system money acquired following the conclusion of the period of functionality in the Federal award Except if stipulated during the Federal agency laws or perhaps the stipulations in the Federal award.
The Federal company may modify the chance evaluation Anytime over the period of effectiveness, which can justify modifications to your conditions and terms with the Federal award. See § 200.208.
A cost is allocable into a Federal award or other cost goal if the associated fee is assignable to that Federal award or other Price aim in accordance with the relative Added benefits received. This normal is achieved if the cost satisfies any of the following requirements:
signifies the quantity of resources beneath a Federal award the receiver or subrecipient has not obligated. The amount is computed by subtracting the cumulative number of the receiver's or subrecipient's unliquidated economical obligations and expenses underneath the Federal award from your cumulative degree of funds the Federal agency or go-by means of entity approved the receiver or subrecipient to obligate.
A price is realistic if it does not exceed an total that a prudent particular person would incur underneath the circumstances prevailing when the choice was produced to incur the expense. In deciding the reasonableness of the offered Expense, thing to consider have to be given to the next:
for recipients and subrecipients means processes developed and applied by recipients and subrecipients to supply affordable assurance regarding the accomplishment of aims in the next types:
When sensible, the recipient or subrecipient is inspired to utilize value engineering clauses in contracts for building projects of adequate measurement to offer affordable prospects for Value reductions.
Necessities for progress and submission of indirect cost rate proposals and price allocation strategies are contained in the subsequent Appendices: