12 Colo. Code Regs. § 2510-1-10.303
Current through Register Vol. 47, No. 22, November 25, 2024
Section 12 CCR 2510-1-10.303 - IN-KIND CONTRIBUTIONS [Rev. eff. 12/1/10]A. In-kind contributions include, but are not limited to, the following: 1. Personal services provided by volunteers or other unpaid staff for which the contractor would otherwise have to pay, when the service is an integral and necessary part of the project. These services shall be valued at rates consistent with those ordinarily paid for similar work in the same labor market and may include fringe benefits.2. Donated goods, including expendable property such as office supplies, laboratory supplies, or workshop and classroom supplies, shall be valued at fair market value at the time of donation.3. If approved by the SUA, donated buildings, space, land, or equipment shall be valued at: a. Fair rental value of the equipment or space if the donor retains ownership; or,b. Fair market value at the time ownership of the building, space, land, or equipment is transferred to the contractor, if the contracting agency approves the match.4. Depreciation or use allowance may be counted as match.B. In-kind contributions shall be documented to identify the in-kind contribution and the methodology for determining the value placed on the in-kind contribution.C. The value of donated goods or services shall not be reimbursable as a direct or indirect cost of the contract.D. Neither the cost nor the value of in-kind contributions shall be counted toward satisfying a cost-sharing (match) requirement of an OAA grant, if counted towards satisfying a cost-sharing or matching requirement for another federal grant, a federal procurement contract, or any other award of federal funds.39 CR 01, January 10, 2016, effective 2/1/2016