Thursday, May 2, 2024, 12:33 AM
Site: WSFR Training Portal
Course: WSFR Training Portal (WSFR Training)
Glossary: Glossary of Terms, Acronyms and Definitions
P

Pre-Award

The Program Office completes required prerequisites for the new funding opportunity. The applicant develops and submits an application package and addresses compliance requirements. The Program Office reviews the application package and communicates with the applicant to approve an award.

Pre-Award Cost

Those costs incurred prior to the effective date of the Federal award directly pursuant to the negotiation and in anticipation of the Federal award where such costs are necessary for efficient and timely performance of the scope of work.


Prior Year Recovery

Grant funds that are deobligated, but have a continued period of availability to a grantee.


Program Income

Program income is defined as the gross income receive the grantee or sub-grantee and earned only as a result of the grant during the grant period (50 CFR 80.123-124). It may additive, deductive or a cost share.

Project

One or more related undertakings necessary to fulfill a need(s), as defined by the grantee in a project statement, and consistent with the purposes of the appropriate Act.


Project Cost

Total allowable costs incurred under a Federal award and all required cost sharing and voluntary committed cost sharing, including third-party contributions.


Project Statement

A written description the work required to achieve the anticipated project outcome.  This project statement includes estimated costs, incremental activities, project phases, and expected results. The project statement is the heart and soul of your grant application. It helps to identify a conservation issue, problem, or opportunity that must be addressed, as well as, the actions that your agency will implement to help resolve the issue, problem, or opportunity.

Required Elements:

  • Need
  • Purpose/Objectives
  • Results or benefits expected
  • Approach
  • Useful Life
  • Geographic Location
  • Principal Investigator (research projects)
  • Program Income
  • Budget Narrative
  • Multipurpose projects
  • Timeline
  • General

Property Covenant

Conditions tied to the ownership or use of the land.

Property Deed

Written and signed legal instrument that is used to transfer ownership of real property.

Property Lien

A legal claim on assets which allows the holder to obtain access to property if debts are not paid.