(ii) The best available desire-bearing account would not fairly be anticipated to earn interest in extra of $five hundred annually on Federal cash balances;
(B) The invitation for bids have to define the goods or products and services with particular information and facts, together with any demanded specs, with the bidder to correctly react;
(1) Any expenses when audits needed by the Single Audit Act and subpart File of the aspect haven't been carried out, or are already done but not in accordance with the necessities; and
(four) A corporation located in a rustic apart from The us not recognized like a foreign public entity.
means an entity wherein more than 50 p.c on the entity is owned or controlled specifically by a mum or dad corporation or by Yet another subsidiary of the mum or dad Company.
The entire cost of a Federal award may be the sum with the allowable direct and allocable oblique costs minus any relevant credits
There is absolutely no common rule for classifying specified charges as immediate or oblique expenses. A cost may be immediate for some particular services or operate but indirect for that Federal award or other final Value objective.
means the entity that owns or controls a direct proprietor of an applicant or that owns or controls a number of entities that control a right away proprietor of an applicant.
means a proper announcement of the availability of Federal funding via a monetary support plan from the Federal agency. The discover of funding possibility offers info on the award, which include that is eligible to apply, the analysis standards for selecting a recipient or subrecipient, the required factors of an software, and how to post the application.
(i) In various partial payments. The level of Every single payment together with the “milestone” or occasion triggering the payment, need to be agreed to in advance and A part of the Federal award;
Special concerns in figuring out the allowability of compensation might be provided to any improve inside of a here recipient's or subrecipient's compensation coverage leading to a considerable rise in its staff members' volume of compensation (notably in the event the transform was concurrent with an increase in the ratio of Federal awards to other routines) or any transform within the treatment method of allowability of distinct different types of payment as a result of improvements in Federal coverage.
(b) Conform to any restrictions or exclusions set forth in these rules or within the Federal award concerning forms or number of Charge products.
The application offers a handful of useful characteristics in addition to its cash progress support, notably credit monitoring and a financial savings Device.
(e) Whether the Expense represents a deviation with the receiver's or subrecipient's founded created guidelines and techniques for incurring costs.