suggests an auditor that's a general public accountant or a Federal, Point out, area governing administration, or Indian Tribe audit Corporation that meets the general criteria specified for external auditors in usually acknowledged governing administration auditing specifications (GAGAS). The phrase auditor won't contain internal auditors of nonprofit companies.
usually means a recipient or subrecipient that provides a subaward into a subrecipient (like decreased tier subrecipients) to execute A part of a Federal method. The authority of your move-through entity under this component flows with the subaward agreement amongst the pass-by means of entity and subrecipient.
(d) Be accorded dependable treatment. For example, a value ought to not be assigned to some Federal award as being a immediate Price if almost every other Value incurred for the same function in like situations has become allotted towards the Federal award being an oblique Value.
means a payment that a Federal agency or go-through entity tends to make by any correct payment mechanism and payment strategy prior to the receiver or subrecipient disburses the cash for system needs.
(two) PRHP expenditures calculated employing an actuarial cost technique acknowledged by GAAP are allowable for your provided fiscal 12 months If they're funded for that calendar year within 6 months after the close of that calendar year. Expenditures funded immediately after six months (or a later period agreed to by the cognizant agency for indirect expenditures) are allowable in the 12 months funded. The cognizant company for oblique charges might comply with an extension if an acceptable adjustment is designed to compensate for the timing of the charges towards the Federal Authorities and read more linked Federal reimbursement and also the recipient's or subrecipient's contributions towards the PRHP fund.
Subpart E establishes principles for determining allowable expenditures incurred by recipients and subrecipients below Federal awards.
(b) Unless expressly licensed by Federal statute, the recipient or subrecipient need to not use supplies obtained Along with the Federal award to offer companies for the charge that's lower than A personal organization would charge for similar companies.
(e) If the Expense signifies a deviation within the recipient's or subrecipient's recognized published insurance policies and processes for incurring expenditures.
It is a procurement strategy used when conditions are not suitable for employing sealed bids. This procurement method may perhaps end in either a hard and fast-cost or Value-reimbursement contract. These are awarded in accordance with the next specifications:
(11) The recipient or subrecipient should maintain progress payments of Federal funds in interest-bearing accounts unless one of the subsequent applies:
(b) Conform to any constraints or exclusions established forth in these concepts or inside the Federal award concerning forms or degree of Price objects.
(one) A proposal to determine a price allocation plan or an indirect Charge fee, whether submitted to some Federal cognizant agency for indirect costs or maintained on file from the receiver, need to be Qualified via the receiver utilizing the Certification of Expense Allocation System
(v) Payments for unfunded pension expenses need to be charged in accordance Together with the allocation ideas of this subpart. Exclusively, the receiver or subrecipient might not cost unfunded pension expenditures on to a Federal award if Those people unfunded pension charges are certainly not allocable to that award.
An functioning Section may give providers to a different working department of the exact same Point out, neighborhood government, or Indian Tribe. In these circumstances, the price of services offered may perhaps involve allowable direct expenses in the assistance plus a pro-rated share of indirect expenses. A standard oblique Charge level equivalent to fifteen per cent with the immediate salaries and wages for furnishing the service (excluding extra time, change rates, and fringe Added benefits) could possibly be made use of instead of figuring out the actual oblique expenses with the assistance.