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Agenda - 08-01-2022; 1 - Ratification of the County Manager's Approval of ARPA Policies
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Agenda - 08-01-2022; 1 - Ratification of the County Manager's Approval of ARPA Policies
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BOCC
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8/1/2022
Meeting Type
Special Meeting
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Agenda
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1
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4 <br /> The application of these cost principles is based on the fundamental premises that: <br /> (a) The non-Federal entity is responsible for the efficient and effective <br /> administration of the Federal award through the application of sound <br /> management practices. <br /> (b) The non-Federal entity assumes responsibility for administering Federal <br /> funds in a manner consistent with underlying agreements, program <br /> objectives, and the terms and conditions of the Federal award. <br /> (c) The non-Federal entity, in recognition of its own unique combination of <br /> staff, facilities, and experience, has the primary responsibility for <br /> employing whatever form of sound organization and management <br /> techniques may be necessary in order to assure proper and efficient <br /> administration of the Federal award. <br /> (d) The application of these cost principles should require no significant <br /> changes in the internal accounting policies and practices of the non-Federal <br /> entity. However,the accounting practices of the non-Federal entity must be <br /> consistent with these cost principles and support the accumulation of costs <br /> as required by the principles, and must provide for adequate documentation <br /> to support costs charged to the Federal award. <br /> (e) In reviewing, negotiating and approving cost allocation plans or indirect <br /> cost proposals, the cognizant agency for indirect costs should generally <br /> assure that the non-Federal entity is applying these cost accounting <br /> principles on a consistent basis during their review and negotiation of <br /> indirect cost proposals. Where wide variations exist in the treatment of a <br /> given cost item by the non-Federal entity, the reasonableness and equity of <br /> such treatments should be fully considered. <br /> (f) For non-Federal entities that educate and engage students in research, the <br /> dual role of students as both trainees and employees (including pre- and <br /> post-doctoral staff) contributing to the completion of Federal awards for <br /> research must be recognized in the application of these principles. <br /> (g) The non-Federal entity may not earn or keep any profit resulting from <br /> Federal financial assistance, unless explicitly authorized by the terms and <br /> conditions of the Federal award; <br /> BE IT RESOLVED that the governing board of Orange County hereby adopts and enacts the <br /> following UG Allowable Costs and Cost Principles Policy for the expenditure of ARP/CSLFRF <br /> funds. <br /> Cost Principles Policy 3 <br /> May 2022 <br />
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