Notes to SEFA
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions of the grant.
The period of availability for federal grant funds for the purpose of liquidation of outstanding obligations made on or before the ending date of the federal project period extended 90 days beyond the federal project period ending date or as specified in a program regulation, in accordance with provisions in Office of Management and Budget (OMB) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards – Section 200.343 Closeout.
RCSETX utilizes a Federal indirect cost rate of 10% on some of its grants.