(a) Title to intangible residence obtained beneath a Federal award vests upon acquisition from the receiver or subrecipient. The recipient or subrecipient must use that intangible house to the at first licensed intent and will have to not encumber the property with no acceptance of your Federal agency or pass-as a result of entity.
An entity could concurrently get Federal awards as a receiver, a subrecipient, and also a contractor. The pass-as a result of entity is chargeable for creating scenario-by-situation determinations to determine whether the entity getting Federal money can be a subrecipient or even a contractor. The Federal agency may possibly involve the pass-by means of entity to adjust to further guidance to produce these determinations, furnished these kinds of steerage does not conflict using this type of segment. The Federal company doesn't have a immediate lawful relationship with subrecipients or contractors of any tier; nevertheless, the Federal agency is accountable for checking the move-through entity's oversight of very first-tier subrecipients.
The Affiliation of expenditures that has a Federal award determines no matter if costs are immediate or indirect. Expenditures charged straight to a Federal award are typically incurred especially for that Federal award (including, as an example, provides essential to attain the award's objectives as well as proportion of employee payment and fringe Added benefits expended in relation to that precise award).
(e) The information for system earnings attained once the period of overall performance have to be retained for three several years in the conclude with the recipient's or subrecipient's fiscal 12 months where This system revenue is earned.
(6) Payments for allowable fees have to not be withheld Anytime check here in the course of the period of efficiency Except necessary by Federal statute, laws, or in a single of the next occasions:
(ii) Trade secrets, commercial facts, elements required to be held confidential by a researcher until eventually These are printed, or similar data which can be protected beneath legislation; and
When gear acquired beneath a Federal award is no longer required for the original undertaking, software, or for other actions at present or Formerly supported by a Federal agency, the recipient or subrecipient ought to ask for disposition instructions from your Federal company or move-as a result of entity if essential from the conditions and terms in the Federal award.
(e) If the Price signifies a deviation within the receiver's or subrecipient's established published procedures and treatments for incurring charges.
The price of fringe Rewards in the form of standard compensation paid to workers in the course of intervals of licensed absences from the position, which include for once-a-year leave, loved ones-connected leave, Unwell depart, holidays, court docket leave, army go away, administrative leave, and various very similar Positive aspects, are allowable if all of the following standards are met:
(four) Solve audit results especially related to the subaward. Even so, the move-via entity isn't answerable for resolving cross-slicing audit conclusions that implement for the subaward along with other Federal awards or subawards. If a subrecipient features a current Single Audit report and it has not been excluded from getting Federal funding (meaning, hasn't been debarred or suspended), the pass-by entity could rely on the subrecipient's cognizant company for audit or oversight company for audit to execute audit comply with-up and make management conclusions connected with cross-cutting audit results in accordance with portion § two hundred.
(b) Conform to any restrictions or exclusions established forth in these concepts or while in the Federal award concerning forms or amount of Price objects.
implies the auditor's finest estimate of total questioned expenditures, not only the recognised questioned charges. Most likely questioned prices are formulated by extrapolating from audit proof obtained, one example is, by projecting identified questioned prices recognized within an audit sample to the whole populace from which the sample was drawn.
(ii) The very best accessible interest-bearing account would not fairly be anticipated to get paid interest in excess of $five hundred each year on Federal income balances;
(1) The fees can be noted with a funds or accrual foundation given that the methodology is disclosed and consistently utilized.