Allowable Costs/Cost Principles Sample Clauses

Allowable Costs/Cost Principles. 1. Indirect costs, except fringe benefits, are unallowable (NGR 5-1, Chapter 5).
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Allowable Costs/Cost Principles. Vendor shall comply with the allowable cost requirements set forth (i) at 29 CFR Parts 95 and 97, (ii) in O.M.B Circulars X-00, X-00, X-000, X-000 xxx X-000 and (ii) in the Federal Acquisition Regulations at 45 CFR Part 74 and 48 CFR Part 31.
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Allowable Costs/Cost Principles. 1. Allowable costs under MCCAs are stated in NGR 5-1, Chapter 5, Paragraph 5-3.
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Allowable Costs/Cost Principles. Service Provider is responsible for ensuring that it and any of its subrecipients follow those Federal cost principles set forth below which are applicable to Service Provider or its sub-recipients;
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Allowable Costs/Cost Principles. Subrecipient agrees to follow the Uniform Guidance at 2 CFR Part 200, Subpart E regarding Cost Principles (2 CFR 200.400 – 476,) effective administration of Federal awards, application of sound management practices, and administration of Federal funds in a manner consistent with the program objectives and terms and conditions of the Subaward. Subrecipient may use funds for administering the program or to improve the design and execution of the program (in a response to the COVID-19 pandemic and to administer or improve the efficacy of the program addressing the public health emergency or its negative economic impacts.) Costs must be reasonable and allocable as outlined in 2 CFR 200.404 and 2 CFR 200.405. Direct and indirect costs are permitted if consistent with the guidance in 2 CFR 200.403. The U.S. Department of Treasury has defined direct costs as those specifically identified as the costs of implementing the Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program objectives. Indirect costs are defined as general overhead costs of an organization where a portion of such costs are allocable to the SLFRF award. Each category of cost must remain separate and Subrecipient may not charge the same administrative costs to both direct and indirect cost categories, or to other programs. If Subrecipient has a current Negotiated Indirect Costs Rate Agreement (“NICRA”) with a Federal Agency, then Subrecipient may use its current NICRA. Section 3 - Reimbursements: All Eligible Expenses for which grant reimbursement is sought must be incurred within Subaward Period of Performance. Subrecipient must request reimbursements from the Department, and such requests shall be made in the form and manner prescribed by the Department. All requests for reimbursement must be submitted to the Department, along with adequate documentation substantiating the eligible expenses incurred (such adequacy will be determined by the Department). The requests will be reviewed at the Department to determine compliance with the necessary conditions and requirements of the Program Manual, this Subaward and 2 CFR 200.302. Authorized payments will be processed through the Department's main office in Lincoln, Nebraska. Subrecipient may visit the Department’s Grants Help Center, xxxxx://xxxxxxxxxxx.xxxxxxx.xxx/hc/en-us, for further instruction regarding requests for reimbursement. Requests for grant funds may not be made more frequently than one per month unless waived by the Department...
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Allowable Costs/Cost Principles. As outlined in the Uniform Guidance at 2 CFR Part 200, Subpart E regarding Cost Principles, allowable costs are based on the premise that a recipient is responsible for the effective administration of Federal awards, application of sound management practices, and administration of Federal funds in a manner consistent with the program objectives and terms and conditions of the award. Recipients must implement robust internal controls and effective monitoring to ensure compliance with the Cost Principles, which are important for building trust and accountability.‌ Coronavirus State and Local Fiscal Recovery Funds Compliance and Reporting Guidance 6 SLFRF Funds may be, but are not required to be, used along with other funding sources for a given project. Note that SLFRF Funds may not be used for a non-Federal cost share or match where prohibited by other Federal programs, e.g., funds may not be used for the State share for Medicaid.2‌
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Allowable Costs/Cost Principles. As outlined in the Uniform Guidance at 2 CFR Part 200, Subpart E regarding Cost Principles, allowable costs are based on the premise that a recipient is responsible for the effective administration of Federal awards, application of sound management practices, and administration of Federal funds in a manner consistent with the program objectives and terms and conditions of the award. Recipients must implement robust internal controls and effective monitoring to ensure compliance with the Cost Principles, which are important for building trust and accountability. Please note that as outlined in 2022 Final Rule FAQ 13.15, only a subset of the Uniform Guidance requirements at 2 CFR Part 200 Subpart E (Cost Principles) applies to recipients’ use of funds in the revenue loss eligible use category. SLFRF funds may be, but are not required to be, used along with other funding sources for a given project. Recipients should note that SLFRF funds available under the “revenue loss” eligible use category generally may be used to meet the non-federal cost-share or matching requirements of other federal programs. If a recipient seeks to use SLFRF funds to satisfy match or cost-share requirements for a federal grant program, the recipient should first confirm with the relevant awarding agency that no waiver has been granted for that program, that no other circumstances enumerated under 2 CFR 200.306(b) would limit the use of SLFRF funds to meet the match or cost-share requirement, and that there is no other statutory or regulatory impediment to using the SLFRF funds for the match or cost-share requirement. For instance, recipients should note that SLFRF funds may not be used as the non-federal share for purposes of a state’s Medicaid and CHIP programs because the OMB has approved a waiver from this provision as requested by the Centers for Medicare & Medicaid Services pursuant to 2 CFR 200.102 of the Uniform Guidance and related regulations. Treasury’s 2023 IFR outlines that under the Surface Transportation projects eligible use category, recipients may use SLFRF funds to satisfy non-federal cost share requirements for certain programs under Pathway Three. In addition, under the Title I projects eligible use category, recipients may use SLFRF funds to satisfy the non-federal share requirements of a federal financial assistance program in support of activities that would be eligible under the CDBG and ICDBG programs. SLFRF funds beyond those that are available under the ci...
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Allowable Costs/Cost Principles 
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Related to Allowable Costs/Cost Principles

  • Allowable Costs Allowable Costs are restricted to costs that comply with the Texas Uniform Grant Management Standards (UGMS) and applicable state and federal rules and law. The Parties agree that all the requirements of the UGMS apply to this Contract, including the criteria for Allowable Costs. Additional federal requirements apply if this Contract is funded, in whole or in part, with federal funds.

  • Unallowable Costs Defined All costs (as defined in the Federal Acquisition Regulation, 48 C.F.R. § 31.205-47; and in Titles XVIII and XIX of the Social Security Act, 42 U.S.C. §§ 1395-1395lll and 1396-1396w-5; and the regulations and official program directives promulgated thereunder) incurred by or on behalf of Defendants, their present or former officers, directors, employees, shareholders, and agents in connection with:

  • Unallowable Costs Costs that are unallowable under other sections of these principles shall not be allowable under this section solely on the basis that they constitute personnel compensation.

  • Reasonable Costs A cost is reasonable if, in its nature and amount, it does not exceed that which would be incurred by a prudent person under the circumstances prevailing at the time the decision was made to incur the cost. In determining reasonableness of a given cost, consideration shall be given to:

  • Reimbursable Costs 5.3.1. To be considered eligible for reimbursement, costs have to be: • actually incurred, individually identifiable and verifiable, as backed by copies of supporting evidence, as the case may be in the Contractor’s official bookkeeping; this means that no lump sums will be eligible for reimbursement; • necessary in order to perform the tasks as specified in the Terms of Reference (Annex 2); and • cost effective and providing value for money

  • Direct Costs Insert the major cost elements. For each element, consider the application of the paragraph entitled “Costs Requiring Prior Approval” on page 1 of these instructions.

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