Multiple Funding Sources Sample Clauses

Multiple Funding Sources. Subrecipient programs or projects funded by multiple funding sources, or from multiple funding years, shall maintain records which clearly identify (1) funding source(s), (2) the amount of funding, (3) funding year, and (4) use of funds.

Multiple Funding Sources. Contractor shall utilize a cost allocation methodology which assures that LVWDB is paying only its fair share of costs for services, overhead, and staffing not solely devoted to the program funded by this Agreement. The cost allocation plan and supportive documentation shall be in accordance with the Uniform Code at 2 CFR 200.416. Program Income Program Income Must be Returned to LVWDB All income as defined in Article 2, Section 2.53, realized in operating the program under this Agreement shall be reported to and returned to LVWDB at the end of each quarter during which the income was realized. Program income does not include income from royalties and license fees for copyrighted material, patent, patent applications, trademarks, and inventions. Contractor may deduct costs incidental to generating Program Income to arrive at a Program Income amount pursuant to 2 CFR 200.307(b). Audits Must Contain a Program Income Schedule If applicable, Contractor agrees to have their auditor include a schedule detailing any program income realized under this contract. Continuation of Program Income Revenues Rental income and user fees on real and personal property acquired with contract funds shall continue to be program income upon termination of this Agreement. Contractor shall make provision for accounting for such funds and returning the income to LVWDB. Contractor Use of Program Income In the event that Contractor wishes to use program income to enhance activities funded by this Agreement Contractor may request approval in writing from the LVWDB Executive Director who shall consider the request and reply in writing either approving or denying the request. There shall be no appeal of the Executive Director’s decision. If the request is approved: The program income may only be used for allowable WIOA or EARN activities and costs. Contractor’s budget will be increased by the amount of program income retained and it shall be accounted for in accordance with the terms and conditions governing all funds awarded under this Agreement. Staff Wage Limitation The salary and bonuses of an individual paid with funds under this Agreement, either as direct costs or indirect costs, may not exceed the Executive Level II salary of federal employees. Reference ▇▇▇.▇▇▇ (▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/policy-data-oversight/pay-leave/salaries-wages/2014/executive-senior-level). Limitations on Expenditures Except for public or governmental entities, total overhead costs regardless of whether they ar...

Multiple Funding Sources. Sub-grantee shall utilize a cost allocation methodology which assures that CSBD is paying only its fair share of costs for services, overhead, and staffing not solely devoted to the program funded by this Sub-grant Agreement. The cost allocation plan and supportive documentation shall be included in the audit of Sub-grantee’s program. END OF ARTICLE 3