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M

Maintenance

Keeping structures or equipment in a condition to serve the intended purpose. It includes cyclical or occasional actions to keep a facility fully functional during its useful life. It does not include operational actions (see B(13)) such as janitorial work. Examples of maintenance actions are: (1) Routine upkeep for bullet traps; (2) Replacing components of a facility, such as a roof, benches, or backstop that are expected to need replacing over the course of the useful life of the facility; and (3) Painting, adding gravel to a parking lot, adding road mix/sand to existing firing range surfaces, and replacing rotting boards

Entry link: Maintenance

Major Program

A Federal program determined by the auditor to be a major program in accordance with § 200.518 or a program identified as a major program by a Federal awarding agency or pass-through entity in accordance with § 200.503(e).

Entry link: Major Program

Management Decision

The Federal awarding agency's or pass-through entity's written determination, provided to the auditee, of the adequacy of the auditee's proposed corrective actions to address the findings, based on its evaluation of the audit findings and proposed corrective actions.

Entry link: Management Decision

Mandatory Program

A program with an authorizing statute requiring the government to make an award to each eligible entity under the conditions and in the amount (or based on the formula) specified in the statute. Under mandatory programs, no competition for funds among eligible entities is required.

Entry link: Mandatory Program

Marine Federal Waters

The area between the state waters boundary and the international waters boundary.

Entry link: Marine Federal Waters

Match

The value of any non-Federal in-kind contributions and the portion of the costs of a grant-funded project or projects not borne by the Federal government.

Entry link: Match

Memorandum of Understanding (MOU)

A written agreement between two or more parties in a formal document.


Entry link: Memorandum of Understanding (MOU)

Metes and Bounds

Survey system using landmarks and distances to define property boundaries. Starts at well marked point and follows boundaries of land and returns to the point of beginning.


Entry link: Metes and Bounds

Micro-Purchase

A purchase of supplies or services, the aggregate amount of which does not exceed the micro-purchase threshold. Micro-purchases comprise a subset of a non-Federal entity's small purchases as defined in § 200.320

Entry link: Micro-Purchase

Micro-Purchase Threshold

The dollar amount at or below which a non-Federal entity may purchase property or services using micro-purchase procedures (see § 200.320). Generally, the micro-purchase threshold for procurement activities administered under Federal awards is not to exceed the amount set by the FAR at 48 CFR part 2, subpart 2.1, unless a higher threshold is requested by the non-Federal entity and approved by the cognizant agency for indirect costs.

Entry link: Micro-Purchase Threshold

MOA

Memorandum of Agreement

Entry link: MOA

Modified Total Direct Cost (MTDC)

All direct salaries and wages, applicable fringe benefits, materials and supplies, services, travel, and up to the first $25,000 of each sub award (regardless of the period of performance of the sub wards under the award). MTDC excludes equipment, capital expenditures, charges for patient care, rental costs, tuition remission, scholarships and fellowships, participant support costs and the portion of each sub award in excess of $25,000. Other items may only be excluded when necessary to avoid a serious in equity in the distribution of indirect costs, and with the approval of the cognizant agency for indirect costs.

Entry link: Modified Total Direct Cost (MTDC)

Monitoring Frequency

The frequency at which the Regional Office staff  monitors the grant/project or property/facility record.

Entry link: Monitoring Frequency

Montioring

Is a mechanism for overseeing the stewardship of federal funds by verifying that funds are spent as mandated by legislation, post-award requirements, and regulations.

Also ensures that programs offered are of high quality and meet the needs of those served by the federal funds received.

Focuses on assessing "Performance" and "Outcomes".

2 CFR 200 Subpart D

Entry link: Montioring

MOU

Memorandum of Understanding

Entry link: MOU

MTC

Modified Total Cost.

Entry link: MTC

MTDC

Modified Total Direct Cost.

Entry link: MTDC

Multi-Purpose Grant

The "Multi-Purpose Grant" is a critical element that documents a grant that carries out the purpose of a single grant program and also carries either the purpose of another grant program, or an activity unrelated to the grant.

Entry link: Multi-Purpose Grant


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