Humanities Washington 11/8/2021 - Laserfiche WebLink

DocuSign Envelope ID:704E0E30-EC1C-4FAA-8969-49FCE6E1A74E ADDENDUM II UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS The Uniform Administrative Requirements,Cost Principles,and Audit Requirements for Federal Awards contained in 2 CFR part 200 apply to the grantee. 1. Financial Management Standards(2 CFR§200.302) The financial management systems of the grantee must meet the requirements set forth in 2 CFR§200.302 Financial management and the following standards: A. Accounting Records. Grantees must maintain records that adequately identify the source and application of funds provided for financially assisted activities. These records must contain information pertaining to obligations,unobligated balances,assets,liabilities,expenditures,and income. Grantee shall have a double entry accounting system that is maintained according to generally accepted accounting principles that are applied on a consistent basis. The system should provide for a general ledger,a cash receipts journal,a cash disbursements journal,and a general journal. B. Internal Control. Effective control and accountability must be maintained for all cash,real and personal property,and other assets. Grantee must adequately safeguard all such property and must provide assurance that it is used solely for authorized purposes. C. Allowable Costs. 2 CFR§200,Subpart E-Cost Principles,the General Terms and Conditions for General Support Grants to State Humanities Councils,and the terms and conditions of this grant award will be followed in determining the reasonableness,allowability,and allocability of costs. D. Source Documentation. Accounting records must be supported by such source documentation as canceled checks, bank statements,invoices,paid bills,donor letters,time and attendance records,activity reports,travel reports, contractual and consultant agreements,and subaward documentation. All supporting documentation should be clearly identified with the award identification number and name of the general ledger accounts that are to be charged or credited. Formal agreements with independent contractors,such as consultants,must include a description of the services to be performed,the period of performance,the fee and method of payment,an itemization of travel and other costs that are chargeable to the agreement,and the signatures of both the contractor and an appropriate official of the grantee. 2. Program Changes(2 CFR§200.308) All changes in the scope or the objectives of a funded project,the project director,or the duration of the project must be approved in writing by Humanities Washington. Grantee must also obtain Humanities Washington's approval before subcontracting or transferring substantive project work. 3. Budget Changes Grantee must seek approval from Humanities Washington for budget changes that involve the addition or deletion of budget items,the inclusion of costs that were specifically disallowed by the terms of the grant award,the transfer of funds allotted for training purposes,for example,participant stipends and fellowship awards,and the transfer of funds that were budgeted for direct costs to absorb increases in indirect costs or indirect-cost type items. 4. Program Income(2 CFR§200.307) Program income is gross income that is earned or received by a grantee from the activities supported by grant funds or from products resulting from grant activities. It includes,but is not limited to,income from fees for services performed and from the sale of items produced under a grant;usage or rental fees for equipment or property acquired under a 6