Expenditures means charges made by a non-Federal entity to a project or program for which a Federal award was received.
The charges may be reported on a cash or accrual basis, as long as the methodology is disclosed and is consistently applied.
For reports prepared on a cash basis, expenditures are the sum of:
Cash disbursements for direct charges for property and services;
The amount of indirect expense charged;
The value of third-party in-kind contributions applied; and
The amount of cash advance payments and payments made to subrecipients.
For reports prepared on an accrual basis, expenditures are the sum of:
Cash disbursements for direct charges for property and services;
The amount of indirect expense incurred;
The value of third-party in-kind contributions applied; and
The net increase or decrease in the amounts owed by the non-Federal entity for:
Goods and other property received;
Services performed by employees, contractors, subrecipients, and other payees; and
Programs for which no current services or performance are required such as annuities, insurance claims, or other benefit payments.
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