Glossary of Terms, Acronyms and Definitions
The glossary is your key to decoding acronyms, terms and definitions throughout the site.
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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.
Marine Federal Waters
The area between the state waters boundary and the international waters boundary.
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
Memorandum of Understanding (MOU)
A written agreement between two or more parties in a formal document.
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.
Memorandum of Agreement
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.
The frequency at which the WSFR staff monitors the grant project.
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