Common use of Uniform Administrative Requirements and Cost Principles Clause in Contracts

Uniform Administrative Requirements and Cost Principles. Center shall comply with the uniform administrative requirements specified at 24 CFR §570.502 and §570.610. Center also agrees to comply with the provisions of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements set forth in 2 CFR part 200 and adopted by HUD at 2 CFR part 2400, as modified by 24 CFR §570.502. Although 2 CFR part 200 addresses many requirements, some of the items it addresses includes, but is not limited to, standards for financial and program management, property and procurement standards, performance and financial monitoring and reporting, subrecipient monitoring and management, record retention and access, remedies for noncompliance, FFATA, and closeout. Center is aware and acknowledges that 2 CFR part 200 and 2 CFR part 2400 are recent regulatory changes to the administrative requirements and HUD is in the process of developing guidance on their specific requirements. Although this may change the administrative requirements set forth herein, Center will comply with whatever guidance HUD requires. Center also agrees to adhere to the accounting principles and procedures required therein, utilize adequate internal controls, maintain necessary source documentation for all costs incurred, and submit an indirect cost allocation plan, if such plan is required. Center also agrees to comply with the Program Requirements set forth in Exhibit “H” which is attached hereto and incorporated herein by this reference.

Uniform Administrative Requirements and Cost Principles. Center shall comply with the uniform administrative requirements As specified at in 24 CFR §570.502 and §570.610. Center also agrees to , FPGO must comply with the provisions of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements set forth in 2 CFR part 200 and adopted by HUD at 2 CFR part 2400, except as modified by 24 CFR §570.502. Although 2 CFR part 200 addresses many requirements, some of the items it addresses includes, but is not limited to, standards for financial and program management, property and procurement standards, performance and financial monitoring and reporting, subrecipient monitoring and management, record retention and access, remedies for noncompliance, FFATA, and closeout. Center FPGO is aware and acknowledges that 2 CFR part 200 and 2 CFR part 2400 are recent regulatory changes to the administrative requirements and HUD is in the process of developing guidance on their specific requirements. Although this may change the administrative requirements set forth herein, Center FPGO will comply with whatever guidance HUD requires. Center Costs incurred must be in conformance with 2 CFR part 200, subpart E. FPGO also agrees to adhere to the accounting principles and procedures required therein, utilize adequate internal controls, maintain necessary source documentation for all costs incurred, and submit an indirect cost allocation planplan in accordance with 2 CFR 200 subpart E, if such plan is required. Center FPGO also agrees to comply with the Program Requirements set forth in Exhibit “HE” which is attached hereto and incorporated herein by this reference.

Uniform Administrative Requirements and Cost Principles. Center Ministry shall comply with the uniform administrative requirements specified at 24 CFR §570.502 and §570.610. Center Ministry also agrees to comply with the provisions of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements set forth in 2 CFR part 200 and adopted by HUD at 2 CFR part 2400, as modified by 24 CFR §570.502. Although 2 CFR part 200 addresses many requirements, some of the items it addresses includes, but is not limited to, standards for financial and program management, property and procurement standards, performance and financial monitoring and reporting, subrecipient monitoring and management, record retention and access, remedies for noncompliance, FFATA, and closeout. Center Ministry is aware and acknowledges that 2 CFR part 200 and 2 CFR part 2400 are recent regulatory changes to the administrative requirements and HUD is in the process of developing guidance on their specific requirements. Although this may change the administrative requirements set forth herein, Center Ministry will comply with whatever guidance HUD requires. Center Ministry also agrees to adhere to the accounting principles and procedures required therein, utilize adequate internal controls, maintain necessary source documentation for all costs incurred, and submit an indirect cost allocation plan, if such plan is required. Center Ministry also agrees to comply with the Program Requirements set forth in Exhibit “HE” which is attached hereto and incorporated herein by this reference.