(a) Each individual Condition have to expend and account with the Federal award in accordance with Condition guidelines and treatments for expending and accounting for that Condition's money. All recipient and subrecipient economical administration techniques, such as information documenting compliance with Federal statutes, rules, along with the stipulations from the Federal award, has to be enough to permit the preparing of reports required via the terms and conditions; and tracking expenditures to determine that money are Utilized in accordance with Federal statutes, regulations, as well as the terms and conditions with the Federal award. See § two hundred.450.
These procurement procedures expedite the completion of transactions, lessen administrative burdens, and decrease expenditures. Casual procurement procedures may be made use of when the value on the procurement transaction under the Federal award will not exceed the simplified acquisition threshold as outlined in § two hundred.
as established forth in appendices III through VII, and IX of the element. The certificate must be signed on behalf with the recipient by somebody at a level no lessen in comparison to the vice chairman or chief money officer on the receiver that submits the proposal.
suggests PII (see definition During this segment), apart from PII that must be disclosed by regulation. Samples of PII involve, but are usually not limited to, social security range; copyright variety; bank card quantities; clearances, bank quantities; biometrics; day and put of beginning; mother's maiden title; legal, professional medical and monetary information; and educational transcripts.
(i) An accredited indirect Value charge negotiated involving the subrecipient and also the Federal Government. If no permitted charge exists, a pass-by means of entity will have to determine the suitable price in collaboration with the subrecipient. The oblique Value level might be possibly:
A quick summary in the statutory or regulatory requirements of the program and its intended consequence. Where by appropriate, This system description, intent, targets, and general performance measurement should align With all the strategic ambitions and targets within the Federal company's functionality program and will aid the Federal agency's performance measurement, management, purchaser knowledge initiatives, and reporting as needed by Portion 6 of OMB Circular A-11;
(ii) Trade tricks, industrial data, products important to be held confidential by a researcher until finally These are revealed, or related data which happens to be secured underneath law; and
(four) In the event the receiver or subrecipient simply cannot satisfy the standards for progress payments along with the Federal agency or move-as a result of entity has established that reimbursement is not really feasible since the receiver or subrecipient lacks ample Operating cash, the Federal agency or pass-through entity may well offer cash with a Doing work money progress foundation. Beneath this course of click here action, the Federal agency or move-as a result of entity must advance cash payments on the receiver or subrecipient to address its approximated disbursement requires for an Preliminary period generally aligned to the recipient's or subrecipient's disbursing cycle.
(a) Economic stories will have to include things like a certification, signed by an official who is authorized to legally bind the receiver, which reads as follows: “By signing this report, I certify to the top of my awareness and perception which the report is real, complete, and accurate, as well as the expenditures, disbursements and cash receipts are for your needs and targets established forth while in the terms and conditions from the Federal award.
(1) The worth in the remaining lifetime of the house recorded while in the recipient's or subrecipient's accounting information at the time of donation.
(e) In the event the recipient or subrecipient accepts a mortgage or grant, it is certifying that it's going to adjust to the prohibition on protected telecommunications products and providers Within this part.
signifies the auditor's best estimate of total questioned charges, not merely the identified questioned expenditures. Likely questioned fees are made by extrapolating from audit proof received, one example is, by projecting recognised questioned charges discovered within an audit sample to the whole populace from which the sample was drawn.
The recipient or subrecipient is accountable for deciding and documenting an ideal micro-order threshold determined by internal controls, an analysis of possibility, and its documented procurement processes. The micro-acquire threshold used by the recipient or subrecipient needs to be authorized or not prohibited beneath Point out, local, or tribal laws or regulations.
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