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§ 200.34 - Expenditures.

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

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

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

Cash disbursements for direct charges for property and services;

The amount of indirect expense charged;

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

The amount of cash advance payments and payments made to subrecipients.

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

Cash disbursements for direct charges for property and services;

The amount of indirect expense incurred;

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

The net increase or decrease in the amounts owed by the non-Federal entity for:

Goods and other property received;

Services performed by employees, contractors, subrecipients, and other payees; and

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

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§ 200.33 - Equipment.
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§ 200.35 - Federal agency.