The Federal agency have to request the transfer of data to its custody with the receiver or subrecipient when it determines that the records possess prolonged-term retention price.
Every time a receiver or subrecipient sells the property, it should pay out the Federal company an amount calculated by multiplying the percentage on the Federal agency's contribution toward the first purchase (and price of any improvements) from the proceeds of your sale right after deducting any genuine and realistic expenses paid out to market or correct up the home available.
(4) When attaining replacement devices, the recipient or subrecipient might both trade-in or market the gear and utilize the proceeds to offset the cost of the alternative products.
signifies the Federal company chargeable for reviewing, negotiating and approving Value allocation plans or oblique Expense proposals on behalf of all Federal companies.
implies the Federal company's or move-by means of entity's written willpower, delivered on the auditee, in the adequacy of the auditee's proposed corrective steps to address the findings according to its analysis in the audit findings and proposed corrective actions.
usually means the time interval from the start day of the funded percentage of an award to the top date of that funded portion, for the duration of which recipients and subrecipients are authorized to incur money obligations from the resources awarded, including any funds carried forward or other revisions pursuant to § two hundred.308.
(B) Substantial variations while in the relevant perform activity (as outlined by the receiver's or subrecipient's published guidelines) are instantly determined and entered in to the records.
(one) The recipient or subrecipient ought to use equipment for your task or software for which it absolutely was obtained and for so long as needed, whether here or not the project or plan continues to get supported from the Federal award. The receiver or subrecipient will have to not encumber the equipment with out prior approval of your Federal company or move-by entity.
Reports and conclusions from audits carried out beneath subpart F or the reviews and conclusions of every other obtainable audits, if applicable; and
(four) Developing shipping schedules (for example, The share of the buy being shipped by a specified date of monthly) that really encourage participation by these business enterprise styles;
(8) Government Summary. A brief description that is penned in basic language and summarizes the objectives and objectives of the program, the audience, and qualified applicants. The textual content of The manager summary mustn't exceed 500 words and phrases; and
(B) The invitation for bids have to define the merchandise or providers with certain information, such as any necessary requirements, for that bidder to correctly answer;
(one) The value in the remaining lifetime of the house recorded in the receiver's or subrecipient's accounting information at the time of donation.
suggests fees made by a receiver or subrecipient to your task or plan for which a Federal award is received.