Charges made to the project or program. They may be reported either on a cash or accrual basis, as shown in the following table: ------------------------------------------------------------------------If reports are prepared on a . . .
(a) Cash basis.................... (1) Cash disbursements for direct
(1) Cash disbursements for direct
charges for goods and services;
(2) The amount of indirect expense
charge;
(3) The value of third party in-kind
contributions applied; and
(4) The amount of cash advances and
payments made to any other
organizations for the performance
(1) Cash disbursements for direct
charges for goods and services;
(2) The amount of indirect expense
incurred;
(3) The value of in-kind
contributions applied; and
(4) The net increase (or decrease)
in the amounts owed by the
recipient for goods and other
property received, for services
performed by employees,
contractors, and other payees and
other amounts becoming owed under
programs for which no current
services or performance are
required.------------------------------------------------------------------------