The funding and payment information outlined in this subsection applies when the foreign organization is the recipient organization. Inquiries regarding drawdown requests, cash management rules, and the disbursement of funds should be directed to PSC/PMS (see Part III). Operational guidance for recipients is provided through a training CD from PSC.

Therefore, although the grant may be financed by advance payments, the intent is that recipients draw funds on an as-needed basis - specifically, no more than 3 days before the funds are needed. Federal government and disbursed by the recipient. These requirements are intended to minimize the time elapsing between the transfer of funds from the U.S. PMS is operated by the PSC in accordance with Department of the Treasury and OMB requirements as implemented by 2 CFR Part 200.305 and 45 CFR Part 75.305. with adequate source documentation from a commonly used source in effect at the time the expense was made, and to the extent that sufficient Federal funds are available.Īwards to foreign and international organizations are paid through PMS. The terms 'NIH IC,' or 'awarding IC' are used throughout this document to designate a point of contact for advice and interpretation of grant requirements and to establish the focal point for requesting necessary prior approvals or changes in the terms and conditions of award. Subsequent adjustments for currency increases may be allowable only when the non-Federal entity provides the awarding IC The NIH organizational component responsible for a particular grant program or set of activities. The non-Federal entity is required to make reviews of local currency gains to determine the need for additional federal funding before the expiration date of the Federal award. of exchange rate fluctuations is required only when the charge results in the need of additional Federal funding, or the increased costs result in the need to significantly reduce the scope of the project. Prior approval Written approval by an authorized HHS official, e.g., a designated IC GMO, evidencing prior consent before a recipient undertakes certain activities or incurs specific costs (see Administrative Requirements-Changes in Project and Budget-Prior Approval Requirements). Cost increases for fluctuations in exchange rates are allowable costs subject to the availability of funding, as determined by the awarding IC The NIH organizational component responsible for a particular grant program or set of activities.

The application budget, requests for funds, and financial reports (see Reporting and Record Retention in this chapter) must be stated in U.S. Foreign grants, foreign organizations, international organizations, foreign components, foreign sites 16.5 Funding and Payment

Grant drawdown definition