Modified Total Direct Costs definition

Modified Total Direct Costs. (MTDC) shall mean all direct salaries and wages, applicable fringe benefits, materials and supplies, services, travel, and up to the first $25,000 of each subaward (regardless of the period of performance of the subawards under the award). MTDC excludes equipment, capital expenditures, charges for patient care, rental costs, tuition remission, scholarships and fellowships, participant support costs and the portion of each subaward in excess of $25,000.
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Modified Total Direct Costs. (MTDC) shall mean all direct salaries and wages, applicable fringe benefits, materials and supplies, services, travel, and up to the first
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Modified Total Direct Costs means all direct salaries and wages, applicable fringe benefits, materials and supplies, services, travel, and up to the first $25,000 of each subaward (regardless of the period of performance of the subawards under the award). MTDC excludes equipment, capital expenditures, and rental costs. Any amendments to this Agreement’s Budget must first be determined by the Local Government as consistent with its CDBG contract with Commerce and then approved in writing by the Local Government and the Subrecipient.
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Examples of Modified Total Direct Costs in a sentence

  • Alternatively, applicants can request reimbursement of the "de minimis" rate which is 10% of the Modified Total Direct Costs (MTDC).

  • Clearing of native vegetation The clearing of native vegetation understorey and groundcover can remove the availability of shelter and refuge area for amphibians.

  • If you have never received a Federally negotiated indirect cost rate and elect to use the de minimis rate, your application must clearly state you intend to use the de minimis rate of 10% of Modified Total Direct Costs (MTDC).

  • The maximum reimbursement amount allowable for indirect costs is ten percent (10%) of the Contractor’s Modified Total Direct Costs (MTDC), excluding in-kind contributions and nonexpendable equipment.

  • If the payment recipient has never received or does not currently have a negotiated indirect cost rate, they are eligible for a de minimis indirect cost rate up to 10% of Modified Total Direct Costs (MTDC).

  • The maximum reimbursement amount allowable for indirect costs is ten percent (10%) of the Subrecipient’s Modified Total Direct Costs (MTDC), excluding in-kind contributions and nonexpendable equipment.

  • Modified Total Direct Costs include salaries and wages, fringe benefits, materials and supplies, services, and travel.

  • Modified Total Direct Costs excludes equipment, capital expenditures, rental costs, scholarships and fellowships, among others.

  • Additional information on calculating Modified Total Direct Costs can be found at 2 CFR 200 Subpart A Acronyms and Definitions (200.0 and 200.1).

  • If you have not requested an indirect cost rate or have not received a negotiated indirect cost rate, you may not claim indirect costs until you receive a negotiated rate.Non-governmental organizations: If your organization has never had an indirect cost rate and wishes to use the de minimis rate, your application's budget narrative must clearly state you intend to use the de minimis 10% of Modified Total Direct Costs (MTDC).


More Definitions of Modified Total Direct Costs

Modified Total Direct Costs means all direct salaries and wages, applicable fringe benefits, materials and supplies, services, travel, and up to the first $25,000 of each subaward (regardless of the period of performance of the subawards under the award). MTDC excludes equipment, capital expenditures, and rental costs.Any amendments to this Agreement’s Budget must first be determined by the Local Government as consistent with its CDBG contract and then approved in writing by the Local Government and the Subrecipient.V. PAYMENTThe Local Government shall, in accordance with the payment procedures outlined in the CDBG Management Handbook, Financial Management Section, pay for all allowable expenses agreed upon by the parties to complete the Scope of Service.Payment under this Agreement will be based on billings, supported by appropriate documentation of costs actually incurred and work that is inspected and approved. It is expressly understood and agreed upon that the total amount to be paid by the Local Government under this agreement shall not exceed $344,004.VI. PERFORMANCE MONITORINGThe Local Government will monitor the performance of the Subrecipient by tracking project progress, reviewing payment requests for applicable costs, managing the timely pass-through of any CDBG funds, overseeing compliance with CDBG requirements, and ensuring recordkeeping and audit requirements are met. Substandard performance as determined by the Local Government will constitute noncompliance with this Agreement.If action to correct such substandard performance is not taken by the Subrecipient within a reasonable period of time after being notified by the Local Government, contract suspension or termination procedures will be initiated.VII. PROJECT/PROPERTY REQUIREMENTSThe requirements for real property improved in whole or in part with CDBG funds in excess of$25,000 are governed by 24 CFR 570.505. These requirements shall apply from the date CDBG funds are first spent for the property until five years after closeout of the grant.The Subrecipient agrees to continue the operation of the approved programs at this location, meeting the required National Objective, for a minimum of five years after closeout of the grant. The Subrecipient also agrees, to maintain the improvements made to the building for the same term. If the Subrecipient sells or transfers title to the property in any way during the five year term, such action could require the Subrecipient to reimburse the Local Government for the Project...
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Related to Modified Total Direct Costs

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • Deactivation Avoidable Cost Credit means the credit paid to Generation Owners pursuant to Tariff, Part V, section 114.

  • Routine Patient Costs means all health care services that are otherwise covered under the Group Contract for the treatment of cancer or other Life-threatening Condition that is typically covered for a patient who is not enrolled in an Approved Clinical Trial.

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Gross Revenue means all of the earnings and revenues received by the RECIPIENT from the maintenance and operation of the Utility and all earnings from the investment of money on deposit in the Loan Fund, except (i) Utility Local Improvement Districts (ULID) Assessments, (ii) government grants, (iii) RECIPIENT taxes, (iv) principal proceeds of bonds and other obligations, or (v) earnings or proceeds (A) from any investments in a trust, Defeasance, or escrow fund created to Defease or refund Utility obligations or (B) in an obligation redemption fund or account other than the Loan Fund until commingled with other earnings and revenues of the Utility or (C) held in a special account for the purpose of paying a rebate to the United States Government under the Internal Revenue Code.