operating objectives when the College can demonstrate unusual circumstances, and with the approval of the cognizant Federal agency. Entertainment Costs. 2 CFR 220 of entertainment, including Appendix A amusement, diversion, and social J-17 activities and any costs directly associated with such costs (i.e., tickets to shows or sports events, meals, lodging, rentals, transportation, and gratuities). Equipment and 2 CFR 220 Capital expenditures for general Equipment and capital Capital. Appendix A purpose equipment, buildings, expenditures are unallowable as J-18 land, and improvements that indirect costs on sponsored substantially improve the value or agreements. useful life are allowable direct costs only with prior advanced approval from the awarding agency. Equipment and 2 CFR 220 Capital expenditures for special Other Capital. Appendix A purpose equipment are allowable J-18 as direct costs, provided that the items with a unit cost of $5,000 or more have the prior approval of the awarding agency and is charged to the sponsored agreement in the period in which the expenditure is incurred. Fines and Penalties. 2 CFR 220 Costs resulting from violations of, or Costs resulting from violations of, or Appendix A failure of the College to comply with failure of the College to comply with J-19 Federal, State, and local or foreign laws Federal, State, and local or foreign laws and regulations when incurred as a result and regulations. of compliance with specific provisions of the sponsored agreement, or instructions in writing from the authorized official of the sponsoring agency authorizing in advance such payments. Fund Raising and 2 CFR 220 Costs related to the physical custody and Costs of organized fund raising, Investment Appendix A control of monies and securities. including financial campaigns, J-20 endowment drives, solicitation of gifts and bequests, and similar expenses incurred solely to raise capital or obtain contributions. Costs of investment counsel and staff and similar expenses incurred solely to enhance income from investments. Gain and Losses on 2 CFR Property given in exchange as part of Depreciable Assets. Appendix A the purchase price of a similar item J-21 and the gain or loss taken into account in determining the depreciation cost basis of the new item. A loss resulting from failure to maintain otherwise permissible insurance, except as provided in 2 CFR
operating objectives when the College can demonstrate unusual circumstances, and with the approval of the cognizant Federal agency. Entertainment Costs. 2 CFR 220 Appendix A J-17 of entertainment, including amusement, diversion, and social activities and any costs directly associated with such costs (i.e., tickets to shows or sports events, meals, lodging, rentals, transportation, and gratuities). Equipment and Capital. Equipment and Other Capital. 2 CFR 220 Appendix A J-18 2 CFR 220 Appendix A J-18 Capital expenditures for general purpose equipment, buildings, land, and improvements that substantially improve the value or useful life are allowable direct costs only with prior advanced approval from the awarding agency. Capital expenditures for special purpose equipment are allowable as direct costs, provided that the items with a unit cost of $5,000 or more have the prior approval of the awarding agency and is charged to the sponsored agreement in the period in which the expenditure is incurred. Equipment and capital expenditures are unallowable as indirect costs on sponsored agreements. Fines and Penalties. 2 CFR 220 Appendix A J-19 Costs resulting from violations of, or failure of the College to comply with Federal, State, and local or foreign laws and regulations when incurred as a result of compliance with specific provisions of the sponsored agreement, or instructions in writing from the authorized official of the sponsoring agency authorizing in advance such payments. Costs resulting from violations of, or failure of the College to comply with Federal, State, and local or foreign laws and regulations. Fund Raising and Investment 2 CFR 220 Appendix A J-20 Costs related to the physical custody and control of monies and securities. Costs of organized fund raising, including financial campaigns, endowment drives, solicitation of gifts and bequests, and similar expenses incurred solely to raise capital or obtain contributions. Costs of investment counsel and staff and similar expenses incurred solely to enhance income from investments. Gain and Losses on Depreciable Assets. 2 CFR Appendix A J-21 Property given in exchange as part of the purchase price of a similar item and the gain or loss taken into account in determining the depreciation cost basis of the new item. A loss resulting from failure to maintain otherwise permissible insurance, except as provided in 2 CFR
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