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) Indian tribes only, as otherwise provided for in this part. Not be included as a cost or used to meet cost sharing or matching requirements of any other federally-financed program in either the current or a prior period. under UEXCEPTU, NAHASDA, IHBG funds may be used as 24 CFR matching funds to obtain and leverage 1000.122 funding, including any Federal or state program and still be considered an affordable housing activity. Be documentedU. Uadequately The proceduresU for determining the 24 CFR Uwritten allowability of costs for IHBG expenditures, provide 1000.26 (b) 2 CFR 200.420 – 475 that all items of cost listed in (GENERAL PROVISIONS FOR SELECTED ITEMS OF COST) which require prior Federal agency approval allowable without the prior approval of HUD to Uare the extentU that they comply with the general policies and principles stated in the Cost Principles and are otherwise eligible under this part, for the Uexcept followingU: Depreciation method for fixed assets shall not be changed without the approval of the Federal cognizant agency.
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 Indian tribes only, as otherwise provided for in this part. Not be included as a cost or used to meet cost sharing or matching requirements of any other federally-financed program in either the current or a prior period. UEXCEPTU, under NAHASDA, IHBG funds may be used as matching funds to obtain and leverage funding, including any Federal or state program and still be considered an affordable housing activity. Be Uadequately documentedU. 24 CFR 1000.122 The Uwritten proceduresU for determining the allowability of costs for IHBG expenditures, provide that all items of cost listed in 2 CFR 200.420 – 475 (GENERAL PROVISIONS FOR SELECTED ITEMS OF COST) which require prior Federal agency approval Uare allowable without the prior approval of HUD to the extentU that they comply with the general policies and principles stated in the Cost Principles and are otherwise eligible under this part, Uexcept for the followingU: Depreciation method for fixed assets shall not be changed without the approval of the Federal cognizant agency. 24 CFR 1000.26 (b)
TAB-9_Core-Admin-Systems_Self-Assessment-Tool.May3_.2016-for-merge.docx