|
1.1 — Users
|
Recipients
|
Revised definition of “recipients.” The Guide notes that “non-federal entities” is generally replaced in the updated 2 C.F.R. Part 200 with “recipients or subrecipients.”
|
|
1.1 — Users
|
Subrecipients
|
Revised definition of “subrecipients.”
|
|
1.1 — Users
|
For-profit
|
Revised definition of “for-profit.”
|
|
3.2 — Period of Availability
|
Closeout Costs
|
Revised closeout cost language; all allowable financial obligations, properly incurred by the end of the period of performance, for the federal award must be liquidated no later than 120 days after the end date of the award.
The 120-day liquidation period exists to allow non-federal entities an opportunity to receive reimbursement for allowable goods and services ordered and received. With the exception of administrative closeout costs, no new financial obligations may be incurred outside the period of performance.
|
|
3.3 — Cost Sharing
|
Cost Share
|
Revised terminology from “matching” to “cost sharing.”
|
|
3.6 — Costs Requiring Approval
|
Equipment
|
Equipment threshold increased from $5,000 to $10,000.
|
|
3.7 — Property Standards
|
Equipment
|
Tribal organizations are allowed to use their own procedures for the use, management, and disposal of equipment.
|
|
3.8 — Procurement
|
General Standards
|
Tribal organizations are allowed to use their own policies and procedures for procurement transactions.
|
|
3.10 — Conference Approval
|
Participant Support Costs
|
Added definition for participant support costs.
|
|
3.11 — Indirect Costs
|
Modified Total Direct Costs
|
Modified Total Direct Costs increased from $25,000 to $50,000.
|
|
3.11 — Indirect Costs
|
De Minimis Rate
|
De minimis threshold increased from 10% to up
to 15%.
|
|
3.13 — Unallowable Costs
|
Home Office
|
Language regarding home office was removed.
|
|
3.14 — Subrecipient Monitoring
|
Subrecipient Risk
|
Risk assessments should now include fraud risk.
|
|
3.14 — Subrecipient Monitoring
|
Suspension and Debarment
|
Prime recipients must confirm whether subrecipients are suspended or debarred from receiving federal funds.
|
|
3.19 — Audit Requirements
|
Audit Threshold
|
Audit threshold increased from $750,000 to
$1 million.
|
