Cost Certificate definition
Examples of Cost Certificate in a sentence
Subrecipients may elect to use a rate derived from a current cost allocation plan documented in the required Indirect Cost Certificate submitted to the state (along with any other supporting documents required by the state) or may elect to use a de minimis rate up to 10% Modified Total Direct Cost (MTDC) as described in 2 CFR §200.414 and TxGMS.
Following execution of the GRRP Cost Certificate, any funds remaining in the GRRP ▇▇▇▇▇ will be recaptured by HUD.
Upon receipt of the final audit, the designated HUD official will execute the Cost Certificate once HUD determines to its satisfaction that: the expenditure of funds provided under this Agreement was allowable and reasonable, as determined by the final audit; the activities to be completed using GRRP Grant funds were completed, as required by this Agreement; and all Federal requirements were satisfied.
The City Fiscal Officer shall approve a Cost Certificate in whole or in part or disapprove a Cost Certificate in whole or in part within thirty (30) days of receipt of the Cost Certificate.
This Utilisation Request is accompanied by a Cost Certificate in accordance with Clause 4.4 of the Agreement.