541 - Allowable and Unallowable Costs

In general, the purpose of cost principles is to help determine what costs are allowable and can be charged to federal awards, and what costs are unallowable and cannot be charged to federal awards (§200.401(a)). There are some circumstances; however, when cost principles do not apply: The cost principles of the uniform guidance do not apply to some grants: (1) some educational allowances such as loans, scholarships and tuition rates; (2) some awards to institutions of higher education based on case counts; (3) fixed amount awards under the uniform guidance (§200.201); and (4) any other federal award that does not need an account of costs incurred. The cost principles of… Read More