If you borrow money, whether from your bank on a line of credit or from your credit card for expenses, those interest costs cannot be paid with federal dollars. Some interest to finance capital assess may be allowable. The following
Are Holiday Bonuses or last minute “Incentive Compensation” Allowable?
The short answer is no, not usually. The longer answer is that “Incentive Compensation” is sometimes allowed. The first rule under the Uniform Grant Guidance is that any expenditure of federal funds must be “reasonable, necessary, allowable and properly allocated“.
A Look at Conflict of Interest
Ah, Conflicts of Interest. Every CIL and SILC should have a policy and procedure and a Code of Ethics that describes what is a conflict of interest and how will the organization deal with it? We recommend that some very