Get the free Direct Component Non-Federal Share of Another Federally - treasury

RESTORE Act Direct Component Non-Federal Share of Another Federally Funded Activity Non-Construction or Real Property Activities U.S. Department of the Treasury Office of Gulf Coast Restoration Initial

How to fill out direct component non-federal share

To fill out the direct component non-federal share, follow these steps:

1. Review the funding guidelines: Familiarize yourself with the specific requirements and guidelines outlined by the funding agency. Make sure you understand what constitutes an acceptable non-federal share.
2. Determine the project budget: Calculate the total project cost and identify the portion that can be covered by federal funds. The direct component non-federal share refers to the amount that needs to be financed from non-federal sources.
3. Identify eligible sources: Explore potential sources of non-federal funds that can be used to fulfill the non-federal share. These sources can include cash contributions, in-kind contributions, or third-party contributions.
4. Calculate the non-federal share amount: Determine the exact amount that needs to be provided as the non-federal share based on the funding agency's guidelines. This can be a percentage or a specific dollar amount.
5. Document the non-federal contributions: Keep a record of all non-federal contributions that will be used to meet the non-federal share requirement. This documentation may include financial statements, donation receipts, or contracts.
6. Submit the proposal: When the non-federal share has been calculated and documented, include this information in the funding proposal or application form. Clearly outline the sources and amounts of non-federal funds committed to the project.
7. Maintain proper records: After the project is approved and funded, ensure that you keep accurate records of all non-federal expenditures and contributions throughout the project's duration, as they may be subject to audit.

The direct component non-federal share is typically required by organizations or individuals seeking funding for a project from federal agencies or grant programs. It serves as a way to demonstrate the financial commitment and accountability of the applicant, ensuring that the project's costs are shared between federal and non-federal sources. The specific entities that require the direct component non-federal share vary depending on the funding agency and the nature of the project being funded. It is crucial to carefully review the grant guidelines or program requirements to determine if the direct component non-federal share is applicable to your particular funding application.

For pdfFiller’s FAQs

What is direct component non-federal share?

Direct component non-federal share is the portion of project costs that must be covered by non-federal sources.

Who is required to file direct component non-federal share?

The organization or entity receiving the federal funds for the project is required to file the direct component non-federal share.

How to fill out direct component non-federal share?

Direct component non-federal share can be filled out by providing a detailed breakdown of the non-federal funds that will be used to cover project costs.

What is the purpose of direct component non-federal share?

The purpose of direct component non-federal share is to ensure that projects receiving federal funds have adequate financial support from non-federal sources.

What information must be reported on direct component non-federal share?

Information such as the source of non-federal funds, the amount of non-federal funds, and any restrictions on the use of non-federal funds must be reported on the direct component non-federal share.

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