OUTLAYS

{
  "id": "MLC-T-ENV-019956",
  "term": "OUTLAYS",
  "field": "Environment",
  "definition": "Charges made to the project or program. They may be reported on a cash or accrual basis. For reports prepared on a cash basis, outlays are the sum of actual cash disbursements for direct charges for goods and services, the amount of indirect expense incurred [charged], the value of [third party] in kind contributions applied, and the amount of cash advances and payments made to contractors and subgrantees [subrecipients]. For reports prepared on an accrued expenditure [accrual] basis, outlays are the sum of actual cash disbursements [for goods and services], the amount of indirect expense incurred, the value of [third party] in kind contributions applied, and the new [net] increase (or decrease) in the amounts owed by the grantee for goods and other property received, for services performed by employees, contractors, subgrantees/subrecipients, subcontractors, and other payees, and other amounts becoming owed under programs for which no current services or performance are required, such as annuities, insurance claims, and other benefit payments.",
  "subject": "Laws, regulations and executive orders",
  "references": [
    "A combination of OMB Circulars A 102 & A 110; 40 CFR Part 35"
  ],
  "url": "https://mlchart.com/terminology/environment/outlays/"
}