200 loan Fundamentals Explained
200 loan Fundamentals Explained
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(i) Be supported by a procedure of inner control that gives fair assurance that the costs are precise, allowable, and effectively allotted;
The recipient's or subrecipient's procedures need to steer clear of the acquisition of unneeded or duplicative goods. Thing to consider must be specified to consolidating or breaking out procurements to acquire a more cost-effective acquire.
(12) Council of governments, whether or not incorporated to be a nonprofit Company less than Point out law; and
The receiver or subrecipient and Federal company or move-via entity ought to get actions to safeguard the name of victims of a criminal offense when use of the target's identify is critical. Only beneath extraordinary and unusual conditions would these access include things like an evaluation in the legitimate identify of victims of a criminal offense.
(six) Other awards under which the recipient or subrecipient is just not required to account for real charges incurred.
suggests a questioned Value specially identified with the auditor. Identified questioned charges can be a subset of possible questioned prices.
if it does not create a Federal award to an applicant since it establishes the applicant doesn't fulfill the minimum amount qualification expectations as described in § two hundred.206(a)(two). The Federal company ought to report that willpower only if all of the next use:
(e) The recipient or subrecipient ought to make sure all prequalified lists of individuals, companies, or items Employed in procurement transactions are current and contain sufficient capable resources to be certain optimum open competition.
(vi) Assist the distribution of the employee's salary or wages amongst precise activities or Price goals if the employee operates on more than one Federal award; a Federal award and non-Federal award; an indirect cost exercise and a direct cost exercise; two or maybe more indirect routines allocated utilizing various allocation bases; or an unallowable exercise in addition to a immediate or indirect Price exercise.
suggests the composed acceptance obtained ahead of time by a licensed official of the Federal agency or pass-by way of entity of specific costs or programmatic conclusions.
(a) The place the Federal Government guarantees or insures the repayment of cash borrowed from the receiver, the Federal company could require suitable bonding and coverage if the bonding and insurance plan demands of the recipient are not considered adequate to protect the curiosity of the Federal Governing administration.
The prior acceptance needs for your steps described in paragraph (g) of this part are routinely waived for Federal awards that guidance study Except stipulated from the Federal agency's restrictions or stipulations of the Federal award.
(iv) Making use of agreements intended to make sure uninterrupted delivery of solutions; employing agreements meant to guarantee Neighborhood more info Rewards; or
Specifications for improvement and submission of oblique Charge charge proposals and value allocation strategies are contained in the following Appendices: