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C

CAP

The Corrective Action Plan is a plan prepared by the Service in consultation with the grantee for addressing audit findings and implementing corrective actions.  At a minimum, it contains four components: auditor’s findings and recommendations, Service determinations, corrective actions, and resolutions.

Entry link: CAP

Capital Assets

(1)   Tangible or intangible assets used in operations having a useful life of more than one year 

which are capitalized in accordance with GAAP. Capital assets include:

(i)    Land, buildings (facilities), equipment, and intellectual property (including software) 

whether acquired by purchase, construction, manufacture, exchange, or through a lease accounted for 

as financed purchase under Government Accounting Standards Board (GASB) standards or a finance 

lease under Financial Accounting Standards Board (FASB) standards; and

(ii)    Additions, improvements, modifications, replacements, rearrangements, reinstallations, 

renovations or alterations to capital assets that materially increase their value or useful life 

(not ordinary repairs and maintenance).

(2)   For purpose of this part, capital assets do not include intangible right-to-use assets (per 

GASB) and right-to-use operating lease assets (per FASB). For example, assets capitalized that 

recognize a lessee's right to control the use of property and/or equipment for a period of time 

under a lease contract. See also § 200.465.


Entry link: Capital Assets

Capital Expenditure

Expenditures to acquire capital assets or expenditures to make additions, improvements, modifications, replacements, rearrangements, reinstallations, renovations, or alterations to capital assets that materially increase their value or useful life. 

Capital improvement 

(1) A structure that costs at least $25,000 to build, or

(2) The alteration, renovation, or repair of a structure if it increases the structure’s useful life by at least 10 years or its market value by at least $25,000.


Entry link: Capital Expenditure

Carryover Funds

Apportioned funds not obligated during the first year of availability and carried over into the next year for obligation by the state. The obligation of these funds does not count toward establishing a safety margin at year-end.


Entry link: Carryover Funds

CAS

Cost Accounting Standards

Entry link: CAS

Cat-Ex

Categorical exclusions are classes of actions which do not individually or cumulatively have a significant effect on the human environment. Also called Cat Ex.

Entry link: Cat-Ex

Catalog of Federal Assistance (CFDA)

The Catalog of Federal Domestic Assistance is a government-wide compendium of Federal programs, projects, services, and activities that provide assistance or benefits to the American public. The CFDA contains financial and non-financial assistance programs administered by departments and establishments of the Federal government. 


Entry link: Catalog of Federal Assistance (CFDA)

CCR

Central Contractor Registry.

Entry link: CCR

Central Service Cost Allocation Plan

The documentation identifying, accumulating, and allocating or developing billing rates based on the allowable costs of services provided by a State or local  government or Indian tribe on a centralized basis to its departments and agencies. The costs of these services may be allocated or billed to users. 

Entry link: Central Service Cost Allocation Plan

CFR

The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government.

Entry link: CFR

Civil Rights Act

Language in the Civil Rights Act, which was enacted in 1964, also speaks to the illegal nature of discrimination based upon color, race or national origin for programs garnering financial funds. In essence, housing development complexes or single-property rental agents can't discriminate against potential or current renters based upon the above criteria.


Entry link: Civil Rights Act

Claim

Depending on the context, either:

(1)   Tangible or intangible assets used in operations having a useful life of more than one year 

which are capitalized in accordance with GAAP. Capital assets include:

(i)    Land, buildings (facilities), equipment, and intellectual property (including software) 

whether acquired by purchase, construction, manufacture, exchange, or through a lease accounted for 

as financed purchase under Government Accounting Standards Board (GASB) standards or a finance 

lease under Financial Accounting Standards Board (FASB) standards; and

(ii)    Additions, improvements, modifications, replacements, rearrangements, reinstallations, 

renovations or alterations to capital assets that materially increase their value or useful life 

(not ordinary repairs and maintenance).

(2)   For purpose of this part, capital assets do not include intangible right-to-use assets (per 

GASB) and right-to-use operating lease assets (per FASB). For example, assets capitalized that 

recognize a lessee's right to control the use of property and/or equipment for a period of time 

under a lease contract. See also § 200.465.

(1)   A written demand or written assertion by one of the parties to a Federal award seeking as a 

matter of right:

(i)    The payment of money in a sum certain;

(ii)    The adjustment or interpretation of the terms and conditions of the Federal award; or

(iii)   Other relief arising under or relating to a Federal award.

(2)   A request for payment that is not in dispute when submitted.


Entry link: Claim

Clean Vessel Act (CVA)

The Clean Vessel Act was passed in 1992. It directs the Secretary of the Interior to provide grants to States to pay for the construction, renovation, operation and maintenance of pump-out stations and waste reception facilities. It is a nationally competitive grant program funded by the Sport Fish Restoration Act.


Entry link: Clean Vessel Act (CVA)

Closeout

The process by which the Federal awarding agency or pass-through entity determines that all applicable administrative actions and all required work of the Federal award have been completed and takes actions as described in § 200.344.


Entry link: Closeout

CMIA

Cash Management Improvement Act - rules and procedures prescribed in the Uniform Guidance §200.305 – Payment for the transfer of funds between the Federal Government and its recipients for Federal grants and other programs.


Entry link: CMIA

Cognizant Agency

The agency designated as an oversight agency for the single audits as provided in OMB Circular A-133. This is usually the agency that provides the predominant amount of direct funding to a recipient unless OMB makes a specific cognizant agency for audit assignment.

Entry link: Cognizant Agency

Cognizant Agency for Audit

The Federal agency designated to carry out the responsibilities described in §200.513(a). The cognizant agency for audit is not necessarily the same as the cognizant agency for indirect costs. A list of cognizant agencies for audit can be found on the Federal Audit Clearinghouse (FAC) website.

Entry link: Cognizant Agency for Audit

Cognizant Agency for Indirect Costs

The Federal agency responsible for reviewing, negotiating, and approving cost allocation plans or indirect cost proposals developed under this part on behalf of  all Federal agencies. The cognizant agency for indirect cost is not necessarily the same as the cognizant agency for audit.

For assignments of cognizant agencies see the following:

(1)   For Institutions of Higher Education (IHEs).

(2)   For nonprofit organizations.

(3)   For State and local governments.

(4)   For Indian tribes.


Entry link: Cognizant Agency for Indirect Costs

Compliance Supplement

An annually updated authoritative source for auditors that serves to identify existing important compliance requirements that the Federal Government expects to be considered as part of an audit. Auditors use it to understand the Federal program's objectives, procedures, and compliance requirements, as well as audit objectives and suggested audit procedures for determining compliance with the relevant Federal program.


Entry link: Compliance Supplement

Component

A component is an amenity or feature of a facility, such as docks, launch ramps, fish cleaning stations, pump out boats, parking areas, campgrounds/shelters, restrooms, etc. A facility may have more than one component. Some facility types do not have components. Components are listed on the Performance Matrix as Activity Tag 2’s.

Entry link: Component

Comprehensive Environmental Response, Compensation and Liability Act (CERCLA)

An environmental law known as CERCLA, or Superfund, pertains to the responsibility of the property owner to clear the land of any hazardous waste or contamination. The Comprehensive Environmental Response, Compensation and Liability Act was approved by Congress in 1980. Owners who have proven knowledge of contamination are legally bound to make the fact know before a sale.


Entry link: Comprehensive Environmental Response, Compensation and Liability Act (CERCLA)

Comprehensive Management System (CMS)

Comprehensive Management System is as an optional method for a State agency to operate in which programs, financial systems (including budget), human resources, goals, products, and services are linked together into one interconnected system.


Entry link: Comprehensive Management System (CMS)

Conflict of Interest Disclosure Statement

A statement outlining any conditional, qualified or potential competing interests of loyalties.

Entry link: Conflict of Interest Disclosure Statement

Congressional District

One of a fixed number of districts into which a state is divided, each district electing one member to the national House of Representatives.


Entry link: Congressional District

Constructing

For the purposes of projects for acquiring land for, expanding, or constructing public target ranges) means building a public target range.

Entry link: Constructing

Construction

The act of building or significantly renovating, altering, or repairing a structure.  Acquiring, clearing, and reshaping land and demolishing structures are types or phases of construction. 


Entry link: Construction

Contract

For the purpose of Federal financial assistance, a legal instrument by which a recipient or subrecipient purchases property or services needed to carry out the project or program under a Federal award. For additional information on subrecipient and contractor determinations, see § 200.331.

Entry link: Contract

Corrective Action

Action taken by the auditee that:

(1)   Corrects identified deficiencies;

(2)   Produces recommended improvements; or

(3)   Demonstrates that audit findings are either invalid or do not warrant auditee action.


Entry link: Corrective Action

Cost Objective

A program, function, activity, award, organizational subdivision, contract, or work unit for which cost data are desired and for which provision is made to accumulate and measure the cost of  processes, products, jobs, capital projects, etc. A cost objective may be a major function of the non-Federal entity, a particular service or project, a Federal award, or an indirect (Facilities & Administrative (F&A)) cost activity.


Entry link: Cost Objective

Cost Share

Cost share is when a quantified portion of the non-federal matching requirement is paid by another resource, such as when gross program income is used to finance part or all of the non-federal matching requirement. Cost share method has been reserved for unique instances of significant emergency, disaster, or agency impairment.

Entry link: Cost Share

Cost Sharing

The portion of project costs not paid by Federal funds or contributions (unless otherwise authorized by Federal statute). See also § 200.306.

Entry link: Cost Sharing


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