Allowable cost definition

Allowable cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.

Allowable cost means costs that are allowable under 2 CFR Part 200, Subpart E, "Cost Principles."

Allowable cost means an expenditure which meets the test of the Uniform Guidance (2CFR 200) (see “I. Federal Compliance”). The most significant factors affecting allowability of cost are;

Examples of Allowable cost in a sentence

• All costs reasonably incurred by the Contractor and subcontractor for such visit and/or inspection shall be allowable costs subject to the Allowable cost requirements in FAR Subpart 31.2. The Contractor shall coordinate these visits and shall have the opportunity to accompany the Government on any such visits.

• Allowable cost is limited to tangible awards for PNNL staff, and any awards to non-PNNL employees will be an unallowable cost.

• Allowable cost per patient day for ancillary as determined by the division from the rate setting cost report, including applica- ble trends; or 2.

• Allowable cost per patient day for administration as determined by the division from the rate setting cost report, including applicable trends, and adjusted for minimum utilization, if applicable, as described in sub- section (7)(O); or 2.

• Allowable cost categories for the work experience component are youth salaries, FICA, liability insurance and workers’ compensation.

More Definitions of Allowable cost

Allowable cost means an expenditure which meets the test of the Uniform Guidance (2CFR 200) (see “I. Federal Compliance”). The most significant factors affecting allowability of cost are; 1) they must be necessary and reasonable, 2) they must be allocable, 3) they must be authorized or not prohibited under State or local laws and regulations, and 4) they must be adequately documented. For more specifics see Selected Items of Cost 2 CFR 200.420).

Allowable cost means a cost allowable to a project if:

Allowable cost means an expenditure which meets the test of the appropriate Executive Office of the President of the United States’ Office of Management and Budget Circular. The most significant factors which determine whether a cost is allowable are the extent to which the cost is: (1) Necessary and reasonable; (2) Allocable; (3) Authorized or not prohibited under Washington state or local laws and regulations; (4) Adequately documented.

Allowable cost means costs that are allowable under 2 CFR 200 Subpart E, as applicable.

Allowable cost means the facility's actual cost after appropriate adjustments as required by medical assistance regulations.

Allowable cost means costs that are allowable under 2 CFR Part 225, “Cost Principles for States, Local Governments, and Indian Tribes”, 2 CFR Part 220, “Cost Principles for Educational Institutions”, and 2 CFR Part 230, “Cost Principles for Non-Profit Organizations”, as applicable, and their Attachments, and 2 CFR Parts 200.420-475, as applicable.

Allowable cost means an expenditure which meets the test of the appropriate OMB Circular (see “III. Federal Compliance”). The most significant factors affecting allowability of cost are; 1) they must be necessary and reasonable, 2) they must be allocable, 3) they must be authorized or not prohibited under state or local laws and regulations, and 4) they must be adequately documented.