Glossary of Terms, Acronyms and Definitions
The glossary is your key to decoding acronyms, terms and definitions throughout the site.
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Automated System for Award Payment, managed by U.S. Treasury – Financial Management Service (FMS). It is a centralized payment system that makes payments for FMS and other Federal agencies.
Tangible and intangible property that is owned or controlled to produce value and that is held to have positive economic value.
Deficiencies which the auditor is required by § 200.516(a) to report in the schedule of findings and questioned costs.
Any non-Federal entity that expends Federal awards which must be audited under 2 CFR 200 subpart F.
DOI Appraisal and Valuation Services Office.
Federal assistance in the form of grant or cooperative agreement. An award may be in the form of money or technical assistance.
Once an award is approved, the Program Office obligates the funds and sends the official award letter to the recipient. Included in the letter are the authorized award amount, terms and conditions, and start and end dates of the award.
A sale of property for less than its fair market value. The difference between the fair market value and the sale price is considered an in-kind contribution by the seller.
Basic Hunter Eduction (BHE)
The subprogram authorized at 16 U.S.C. 669g(b), described at 50 CFR 80.50(b), and sometimes referred to by practitioners as “Section 4c Hunter Ed” to describe the section in the Wildlife Restoration Act the source of funding for BHE was added by Pub. L. 91-503 (October 23, 1970).