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Agreement No.4724 <br /> "FFATA" or "Federal Funding Accountability and Transparency Act" has the same meaning as in 31 USC <br /> 6101; P.L. 110-252. <br /> "Fixed-Rate" has the same meaning as in 44 III. Admin. Code 7000.20. "Fixed-Rate" is in contrast to fee- <br /> for-service,44 III.Admin.Code 7000.20. <br /> "GAAP"or"Generally Accepted Accounting Principles"has the same meaning as in 44 III.Admin.Code <br /> 7000.20. <br /> "Grant Funds"has the same meaning as in 30 ILCS 705. <br /> "Indirect Costs" has the same meaning as in 44 III.Admin.Code 7000.20. <br /> "Indirect Cost Rate" means a device for determining in a reasonable manner the proportion of indirect <br /> costs each Program should bear. It is a ratio(expressed as a percentage)of the Indirect Costs to a Direct Cost base. <br /> If reimbursement of Indirect Costs is allowable under an Award,Grantor will not reimburse those Indirect Costs <br /> unless Grantee has established an Indirect Cost Rate covering the applicable activities and period of time,unless <br /> Indirect Costs are reimbursed at a fixed rate. <br /> "Indirect Cost Rate Proposal" has the same meaning as in 44 III.Admin. Code 7000.20. <br /> "Net Revenue"means an entity's total revenue less its operating expenses, interest paid,depreciation, <br /> and taxes."Net Revenue"is synonymous with"Profit." <br /> "Nonprofit Organization"has the same meaning as in 44 III.Admin.Code 7000.20. <br /> "Notice of Award"has the same meaning as in 44 III.Admin.Code 7000.20. <br /> "OMB"has the same meaning as in 44 III.Admin.Code 7000.20. <br /> "Prior Approval"has the same meaning as in 44 III.Admin.Code 7000.20. <br /> "Profit"means an entity's total revenue less its operating expenses,interest paid,depreciation,and taxes. <br /> "Profit" is synonymous with"Net Revenue." <br /> "Program"means the services to be provided pursuant to this Agreement. <br /> "Program Costs"means all Allowable Costs incurred by Grantee and the value of the contributions made <br /> by third parties in accomplishing the objectives of the Award during the Term of this Agreement. <br /> "Program Income"has the same meaning as in 44 III.Admin.Code 7000.20. <br /> "Related Parties" has the meaning set forth in Financial Accounting Standards Board(FASB)Accounting <br /> Standards Codification(ASC)850-10-20. <br /> State of Illinois <br /> GRANT AGREEMENT FISCAL YEAR 2017/3 28 16 <br /> Page 5 of 46 <br />