Program Fee Expenditure Treatment and Reporting Clause Samples
The Program Fee Expenditure Treatment and Reporting clause defines how program fees are to be managed, spent, and documented throughout the course of an agreement. It typically outlines the types of expenses that can be covered by program fees, the process for tracking and recording these expenditures, and the requirements for periodic financial reporting to stakeholders or funders. By establishing clear guidelines for expenditure and reporting, this clause ensures transparency, accountability, and proper use of funds, thereby reducing the risk of mismanagement or misuse.
Program Fee Expenditure Treatment and Reporting. Except as otherwise authorized by this Agreement, the JWOD Act, 41 U.S.C. Chapter 85, or implementing regulations 41 C.F.R. Chapter 51, Program Fee expenditures must meet the following general criteria to be allowable under this Agreement:
1. Be necessary and reasonable for the performance of this Agreement and be allocable thereto under these principles;
2. Not to include any of the following expenditures (see 2 C.F.R. §§ 200.400 – 475):
a. Alcoholic beverages
b. Bad debts if related to non-Program income c. Collections of improper payments (see 2 C.F.R. § 200.428)
Program Fee Expenditure Treatment and Reporting. Except as otherwise authorized by this Agreement, the JWOD Act, 41 U.S.C. Chapter 85, or implementing regulations 41 C.F.R. Chapter 51, Program Fee expenditures must meet the following general criteria to be allowable under this Agreement:
1. Be necessary and reasonable for the performance of this Agreement and be allocable thereto under these principles;
2. Be unallowable if any of the following:
a. Alcoholic beverages
b. Bad debts if related to non-Program income c. Collections of improper payments
Program Fee Expenditure Treatment and Reporting. Except as otherwise authorized by this Agreement, the JWOD Act, 41 U.S.C. Chapter 85, or implementing regulations 41 C.F.R. Chapter 51, Program Fee expenditures must meet the following general criteria to be allowable under this Agreement:
1. Be necessary and reasonable for the performance of this Agreement and be allocable thereto under these principles;
2. Not to include any of the following expenditures: