(i) Be supported by a procedure of interior Command that gives acceptable assurance that the fees are correct, allowable, and appropriately allotted;
Recipients and subrecipients that don't have a recent Federal negotiated indirect Charge rate (like provisional fee) may possibly elect to demand a de minimis fee of up to 15 per cent of modified overall direct costs (MTDC). The receiver or subrecipient is licensed to find out the appropriate fee around this limit. Federal businesses and move-via entities may not require recipients and subrecipients to make use of a de minimis charge decrease compared to the negotiated indirect Expense charge or the rate elected pursuant to this subsection Unless of course essential by Federal statute or regulation.
Initiate a one particular-time extension from the period of effectiveness by around 12 months Except a number of in the circumstances outlined in paragraphs (g)(two)(i) by (iii) of this part implement. Prior approval just isn't demanded if a recipient is approved while in the terms and conditions on the Federal award to initiate a one particular-time extension. On the other hand, the recipient need to notify the Federal agency in writing Using the supporting justification in addition to a revised period of overall performance no less than ten calendar times prior to the conclusion with the duration of efficiency.
Other than where by if not authorized by statute, costs should satisfy the next conditions to be allowable below Federal awards:
(6) Other awards underneath which the receiver or subrecipient is not really needed to account for actual fees incurred.
means the entity that owns or controls a right away operator of the applicant or that owns or controls one or more entities that Command a read more right away operator of an applicant.
(two) Is distinguished from the cooperative arrangement in that it doesn't offer for significant involvement from the Federal company in carrying out the exercise contemplated with the Federal award.
(iv) Whenever a receiver or subrecipient establishes or converts to an appropriate actuarial Expense technique, as outlined by GAAP, and cash pension costs in accordance with this process, the unfunded legal responsibility at time of conversion is allowable if amortized in excess of a duration of several years in accordance with GAAP.
(six) Pension approach expenses may be computed employing a spend-as-you-go strategy or an actuarial Charge system identified by GAAP and following the receiver's or subrecipient's established written insurance policies.
indicates the quantity of money under a Federal award which the receiver or subrecipient hasn't obligated. The quantity is computed by subtracting the cumulative level of the recipient's or subrecipient's unliquidated financial obligations and expenses underneath the Federal award from the cumulative level of funds the Federal company or pass-through entity approved the receiver or subrecipient to obligate.
(ii) Pension prices calculated employing an actuarial Price tag approach identified by GAAP are allowable for a specified fiscal yr When they are funded for that 12 months within six months after the stop of that 12 months. Prices funded following six months (or even a later on time period agreed to by the cognizant agency for oblique expenditures) are allowable in the 12 months funded. The cognizant agency for oblique expenses could comply with an extension if an ideal adjustment is built to compensate for that timing of the charges for the Federal Govt and similar Federal reimbursement as well as recipient's or subrecipient's contribution to the pension fund.
(ii) The pass-via entity need to not demand the use of the de minimis indirect cost fee If your subrecipient has an approved indirect Charge price negotiated with the Federal Federal government.
(iv) Applying agreements intended to make sure uninterrupted delivery of products and services; applying agreements intended to make certain Neighborhood Positive aspects; or
(2) The allowability of these costs with the IHE won't rely on whether they are recorded within the accounting data in the IHE.