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Code of Federal Regulations Title 2. Grants and Agreements § 2.200.34 Expenditures

Current as of January 02, 2025 | Updated by Findlaw Staff

Expenditures means charges made by a non–Federal entity to a project or program for which a Federal award was received.

(a) The charges may be reported on a cash or accrual basis, as long as the methodology is disclosed and is consistently applied.

(b) For reports prepared on a cash basis, expenditures are the sum of:

(1) Cash disbursements for direct charges for property and services;

(2) The amount of indirect expense charged;

(3) The value of third-party in-kind contributions applied;  and

(4) The amount of cash advance payments and payments made to subrecipients.

(c) For reports prepared on an accrual basis, expenditures are the sum of:

(1) Cash disbursements for direct charges for property and services;

(2) The amount of indirect expense incurred;

(3) The value of third-party in-kind contributions applied;  and

(4) The net increase or decrease in the amounts owed by the non–Federal entity for:

(i) Goods and other property received;

(ii) Services performed by employees, contractors, subrecipients, and other payees;  and

(iii) Programs for which no current services or performance are required such as annuities, insurance claims, or other benefit payments.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 2. Grants and Agreements § 2.200.34 Expenditures - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-2-grants-and-agreements/cfr-sect-2-200-34/

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