COST PRINCIPLES Responsible Describe how Regulation/ Manager Executive this compliance COMMENTS/ACTION STANDARDS DESCRIPTION Statute Compliance Director standard is PLANS Citation Rating (FC, Rating met/measured PC, or NC) The financial management system must ensure that 2 CFR 200.400 the accounting practices of the tribe/TDHE must be (d) consistent with 2 CFR 200 Subpart E Cost Principles and support the accumulation of costs as required by the principles, and must provide for adequate documentation to support costs charged to the Federal award. In determining the allowability of costs, the financial 2 CFR 200.403 management system ensures that cost meets the following general criteria: Be and reasonableU for the Unecessary performance of the Federal award and be allocable thereto under these principles. to any limitationsU or exclusions set UConform forth in these principles or in the Federal award as to types or amount of cost items. Be consistent with policies and procedures that uniformly to both Uapply and other activities of the entityU. Be consistent treatmentU. A cost Uaccorded may not be assigned to a Federal award as a direct cost if any other cost incurred for the same purpose in like circumstances has been allocated to the Federal award as an indirect cost. Be determined in accordance with Ugenerally accepted accounting principles (GAAPU), except, for state and local governments and
COST PRINCIPLES STANDARDS DESCRIPTION Regulation/ Statute Citation Responsible Manager Compliance Rating (FC, PC, or NC) Describe how this compliance standard is met/measured Executive Director Rating COMMENTS/ACTION PLANS The financial management system must ensure that the accounting practices of the tribe/TDHE must be consistent with 2 CFR 200 Subpart E Cost Principles and support the accumulation of costs as required by the principles, and must provide for adequate documentation to support costs charged to the Federal award. 2 CFR 200.400 (d) In determining the allowability of costs, the financial management system ensures that cost meets the following general criteria: Be Unecessary and reasonableU for the performance of the Federal award and be allocable thereto under these principles. UConform to any limitationsU or exclusions set forth in these principles or in the Federal award as to types or amount of cost items. Be consistent with policies and procedures that Uapply uniformly to both and other activities of the entityU. Be Uaccorded consistent treatmentU. A cost may not be assigned to a Federal award as a direct cost if any other cost incurred for the same purpose in like circumstances has been allocated to the Federal award as an indirect cost. Be determined in accordance with Ugenerally accepted accounting principles (GAAPU), except, for state and local governments and 2 CFR 200.403
TAB-9_Core-Admin-Systems_Self-Assessment-Tool.May3_.2016-for-merge.docx