Arizona Grant Agreement - From Government Assoc.
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How to fill out Grant Agreement - From Government Assoc.?
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FAQ
The grant agreement defines what activities will be undertaken, the project duration, overall budget, rates and costs, the EU budget's contribution, all rights and obligations and more.
Program Income Expended in ance with the Addition Alternative ? The amount of program income which was added to the funds committed to the total program costs and expended to further eligible project activities.
What is supplanting? Generally, supplanting occurs when a state, local, or Tribal Government reduces state, local, or tribal funds for an activity specifically because federal funds are available (or expected to be available) to fund that same activity.
Program income is gross income-earned by a recipient, a consortium participant, or a contractor under a grant-that was directly generated by the grant-supported activity or earned as a result of the award.
Program Income is the income earned by an awardee that is directly generated by a sponsored activity or earned as a result of a sponsored activity. Program income must be identified, appropriately documented, and the resulting revenue and expenses properly recorded and accounted for.
Capital grants are funds that are provided to assist in the acquisition, construction, renovation, repair of capital assets, or fixed assets. Capital grant revenue can be recorded as deferred revenue on the Statement of Financial position and revenue can be recognized as the capital assets are depreciated.
In addition to standard terms describing grant amounts and purposes, agreements also include provisions regarding intellectual property rights, reporting requirements, and indemnification, among other subjects. Special provisions are included that deal with international philanthropy.
?Federal Award Identification Number (FAIN)? means the unique identifying number assigned to all Federal financial assistance awards. Also referred to as the agreement number.