|
Agneemeht No 20-103215
<br /> year end,as dictated in the applicable appendices,such as:
<br /> (i) Appendix V and ViI to 2 CFR Part 200 governs Indirect Cost Rate Proposals for
<br /> state and local governments,
<br /> (ii) Appendix IIi to 2 CFR Part 200 governs Indirect Cost Rate Proposals for public
<br /> and private Institutions of higher education,
<br /> (iii) Appendix IV to 2 CFR Part 200 governs indirect(F&A)Costs Identification and
<br /> Assignment,and Rate Determination for Nonprofit Organizations,and
<br /> (iv) Appendix V to Part 200 governs state/Local Governmentwide Central Service
<br /> Cost Allocation Plans.
<br /> (c) A Grantee who has a current,applicable rate negotiated by a cognizant federal agency
<br /> shall provide to Grantor a copy of its Indirect Cost Rate acceptance letter From the federal government
<br /> and a copy of all documentation regarding the allocation methodology for costs used to negotiate that
<br /> rate,e.g.,without limitation,the cost policy statement or disclosure narrative statement. Grantor will
<br /> accept that Indirect Cost Rate,up to any statutory,rule-based or programmatic limit.
<br /> 7.3. TtansfeTo _,QsLs.Cost transfers between Grants,whether as a means to compensate for cost
<br /> overruns or for other reasons,are unallowable.See 2 CFR 200,452,
<br /> 7.A. Higher EdUcalign Cost Principles.The federal cost Principles that apply to public and private
<br /> institutions of higher education are set forth In 2 GFR Part 200 Subpart E and Appendix III.
<br /> 7.5, Gg_v rnm nt CQSt Principles:The federal cost principles that apply to state,local and federally-
<br /> recognized Indian tribal governments are set forth in 2 CFR Part 200 Subpart E,Appendix V,and Appendix VII.
<br /> 7.6. Financial ManatremCnt Sfindards.The financial management systems of Grantee must meet the
<br /> following standards:
<br /> (a) Accounting System.Grantee organizations must have an accounting system that
<br /> provides accurate,current,and complete disclosure of all financial transactions related to each state-and
<br /> federally-funded Program.Accounting records must contain information pertaining to state and federal
<br /> pass-through awards,authorizations,obligations,unobligated balances,assets,outlays,and income.
<br /> These records must be maintained on a current basis and balanced at least quarterly.Cash contributions
<br /> to the Program from third parties must be accounted for in the general ledger with other Grant Funds..
<br /> Third party in-kind(non-cash)contributions are not required to be recorded in the general ledger,but
<br /> must be under accounting control,possibly through the use of a memorandum ledger. To comply with 2
<br /> CFR 200.305(b)(7)(i)and 30 ILLS 708/520,Grantee shall use reasonable efforts to ensure that funding
<br /> streams are delineated within Grantee's accounting system.Sec 2 CFR 200.302.
<br /> (b) Source Documentation.Accounting records must be supported by such source
<br /> documentation as canceled checks,bank statements,Invoices,paid bills,donor letters,time and
<br /> attendance records,activity reports,travel reports,contractual and consultant agreements,and
<br /> subaward documentation.All supporting documentation should be clearly identified with the Award and
<br /> general ledger accounts which are to be charged or credited.
<br /> (I) f he documentation standards for salary charges to grants are prescribed by 2
<br /> CFR 200.430,and in the cost principles applicable to the entity's organization(Paragraphs 7.4
<br /> through 7.5).
<br /> (ii) if records do not meet the standards in 2 CFR 200.430,then Grantor may notify
<br /> Grantee in PA i7 TWQ,PART THREE or Exhibit of the requirement to submit Personnel activity
<br /> reports. See 2 CFR 200.430(1)(8). Personnel activity reports shall account on an after-the-fact
<br /> basis for one hundred percent(100%)of the employee's actual time,separately Indicating the
<br /> time spent on the grant,other grants or projects,vacation or sick leave,and administrative time,
<br /> State of Illinois
<br /> INTER-GOVERNMENTAL GRANT AGRUMENT FISCAL YEAR 2021/2 2 20
<br /> Page 10'of 48
<br />
|