For the purpose of this part the term:
means the charges incurred by the State agency
during a given period for liabilities incurred, benefits received or for goods and services used during this period.
Accrued income means the net value of earnings during a given period resulting from services and goods provided whether or not payment has been realized.
refers to nonexpendable personal property
acquired by purchase and means the net invoice price of the property including any attachments, accessories or auxiliary apparatus necessary to make the property usable for the purpose for which it was acquired. Ancillary charges such as taxes, duty, protection in-transit insurance, freight or installation shall be included in or excluded from acquisition cost
in accordance with the State agency
's regular accounting practices.
Approval or authorization by FNS means documentation evidencing consent prior to incurring specific costs.
refer to those receipts or reduction of expenditure-type transactions which offset
or reduce expense items allocable to programs as direct or indirect costs. Examples of such transactions are: Purchase discounts; rebates or allowances; recoveries or indemnities on losses; sale of publications, equipment, and scrap; income from personal or incidental services; and adjustments of overpayments or erroneous charges.
refers to the transfer of funds by the state agency
to pay for Program
costs resulting from purchased or expired goods and services.
Expendable personal property
means all tangible personal property
other than nonexpendable property.
means money, or property provided in lieu of money, paid for or furnished by FNS to a State agency
Funds available to the State agency may include contributions from third parties including other Federal agencies.
refers to the value of noncash contributions. Only when authorized by Federal legislation may property purchased with Federal funds be considered as a State agency
's in-kind contribution. In-kind contributions may be for the value of real and/or nonexpendable personal property
or the value of goods and services provided specifically to the project or program
Obligations are the amounts of orders placed, contracts awarded, services received, and similar transactions during a given period which require payment.
Offset means a method to recover funds due FNS through use of the Letter of Credit system. Recovery is accomplished by accounting adjustments to increase Federal funds on hand or disbursed.
OMB means the Office of Management and Budget.
means property of any kind except real property
. It may be tangible (having physical existence) or intangible (having no physical existence) such as patents, inventions and copyrights.
means both the Food Stamp Program
and the Food Distribution Program
on Indian Reservations.
means the process by which FNS determines that all applicable administrative and financial processes have been completed by the State agency
and FNS terminates the program
in the affected project area or areas.
Project costs are allowable costs as set forth in this part.
Real property means land, land improvements, structure and appurtenances thereto, excluding movable machinery and equipment.
means the organization as defined in 7 CFR 271.1
State agency costs
means the State agency
outlays from its funds available for program
administration. Unless authorized by Federal legislation, costs charged to other Federal grants or to other Federal contracts may not be considered as State agency costs
reimbursable under this authority.
means the organization or person to which a State agency
makes any payment for acquisition of goods, materials or services for use in administering the program
and which is accountable to the State agency
for the use of funds provided.
Terms and conditions means legal requirements imposed by the Federal Government under statute, regulations, contracts, agreements or otherwise.
Unliquidated obligation represents the amount of obligations not yet paid.
means the portion of the Federal funds authorized less all allowable costs and unpaid obligations of the State agency