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( c ) Be consistent having formula and procedures that apply evenly to help you both federally-financed and other things of low-Federal entity.
( d ) Be accorded consistent cures. A repayment may possibly not be assigned to a federal prize because a primary prices if any most other costs incurred for the very same goal into the such points has been allocated to this new Federal honor just like the a secondary costs.
( elizabeth ) Feel computed in line with essentially accepted accounting prices (GAAP), but, to have state and local governments and you may Indian tribes only, given that or even delivered to in this region.
( f ) Not included because a repayment or always meet cost sharing otherwise coordinating standards of every other federally-funded system in a choice of the current otherwise a previous period. Get a hold of including § (b).
( h ) Costs must be sustained from inside the recognized funds period. The fresh new Government awarding company is actually authorized, during the their discernment, in order to waive early in the day created approvals to create pass unobligated balance to next finances episodes pursuant so you can § (e)(3).
An installment is sensible when the, in characteristics and you may count, it doesn’t go beyond whatever could be incurred because of the a prudent individual within the activities prevailing at that time the decision was made to bear the price. Into the determining reasonableness out of a given cost, planning must be made available to:
( good ) Perhaps the costs are regarding a type basically thought to be ordinary and essential new procedure of your own low-Federal organization and/or right and productive results of your Federal award. (more…)