Rolling Forecasts: Moving on From the Annual Plan and Creating Agility

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forecast in excel

Plays a key role in transforming business plans into financial goals. Each iteration must involve continuous improvement so that effective SOPs can be developed and changes in the process can be introduced if the need arises. The goal is to learn and improve from what happened and why it happened, and determine what can be done to create more accurate forecasts. The next step is to pinpoint all the value drivers that have the most impact on your business performance.

What is the difference between YTD and rolling 12 months?

12 mtd goes back 12 months, whereas a ytd is from the first day of the current year (calendar, fiscal, whatever) to the current day.

When asked to https://intuit-payroll.org/ more frequently and further out, those same tendencies may linger. Many organizations have gone generations relying upon an annual budget performed once a year and have dedicating significant time and energy to its completion. A sales manager is incentivized to provide overly conservative sales forecasts if he or she knows the forecasts will be used as a target . These kinds of biases reduce the accuracy of the forecast, which management needs in order to get an accurate picture of how the business is expected to fare. Many businesses today remain unable to keep up with business disruption and changing business models. Supply chain shocks restrict global enterprises, financial crises limit companies’… Is it easy to report on and visualize the variance of the current forecast against plan and actual to prior forecast?

Additional FP&A resources

When decision-makers have the ability to What Is A 12 Month Rolling Forecast? what’s happening with the business now, they can accurately model what is likely to happen in the future. Our 12-month Rolling Forecast Excel Template also gives you the flexibility to plan operating expenses your way with real-time user inputs.

Actions for finance teams to mitigate the effects of high inflation – FM Financial Management

Actions for finance teams to mitigate the effects of high inflation.

Posted: Wed, 15 Feb 2023 08:00:00 GMT [source]

The rolling forecast is an essential aid in making sound business decisions. Whatever length you choose, the idea is to strive for near perfection within the current period and understand the impact of trends going forward.

Coordinate and implement new processes

Traditionally, management starts by reviewing the 3-5 year strategic plan, with target-setting for the company’s revenue and expenses. In many companies, these targets then go “over the fence” to the tactical and operational teams.

Where a budget might list thousands of lines of data, forecasts need only focus on what pieces of the business are most impactful – these are often referred to as key drivers and assumptions. A rolling forecast enables a company to adjust its approach to meeting goals as new information is learned throughout the year. Instead of relying solely on a static budget to guide their decisions, leadership can react to the fluctuations or uncertainty that may be driving the economy and industry. Instead, creating a forecast and updating it with industry data as it changes throughout the year would have allowed that company to shift its focus and re-allocate resources as needed. The rolling forecast would be the ultimate saving grace to the business. While COVID-19 is an extreme scenario, every business can benefit from forward-looking data and accurate projections throughout the year.

2022-2023 Tax Brackets and Federal Income Tax Rates

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list of state income tax rates

Nevada’s healthcare spending in 2014 was $6,714 per capita, the lowest on this list and the fourth-lowest nationally. All residents of Alaska receive an annual payment from the Alaska Permanent Fund Corp. made up of revenue and investment earnings from mineral lease rentals and royalties. Jim Probasco has 30+ years of experience writing for online, print, radio, and television media, including PBS. His expertise includes government programs and policy, retirement planning, insurance, family finance, home ownership and loans. He has a bachelor’s from Ohio University and Master’s from Wright State University in music education.

CT tax cuts are likely. But who should benefit remains a source of … – Hartford Courant

CT tax cuts are likely. But who should benefit remains a source of ….

Posted: Sat, 28 Jan 2023 11:00:45 GMT [source]

Personal Finance Insider researches a wide array of offers when making recommendations; however, we make no warranty that such information represents all available products or offers in the marketplace. Colorado has a flat rate of 4.55% for both individuals and corporations. The standard corporate rate is 8.84%, except for banks and other financial institutions, whose rate is 10.84%.

How states tax their residents’ incomes

Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. Alaska has no statewide sales tax, although some localities have one.

  • It’s the fastest, easiest, and most secure way to receive your refund.
  • In addition, some states allow cities and/or counties to impose income taxes.
  • Any taxable income exceeding that amount would have been taxed at a rate of 2.98 percent.
  • For single taxpayers, the deduction must be between $2,140 and $4,830.
  • A flat tax, on the other hand, can have a disproportionate impact on low-income taxpayers.
  • Graduated, or progressive, tax rates use a series of income thresholds called brackets to assess taxes.

States with no income tax often make up the lost revenue with other taxes or reduced services. A flat tax collects the same percentage of income from all taxpayers, regardless of their income level. Under that system, someone earning $10,000 a year would pay $460 altogether in state taxes.

Total Tax Burden: 7.37%

Most tax credits are nonrefundable, meaning they are limited to the amount of taxes owed. For some nonrefundable tax credits, unused credits may be carried over and used in future tax years. For refundable tax credits, any credits left over after taxed are paid are refunded list of state income tax rates to the taxpayer. Estimated payments include income for self-employed individuals, as well as income from dividends, interest, capital gains, rent, and royalties. These payments are filed quarterly or annually depending on the type and source of income earned.

list of state income tax rates

Tennessee, at 9.55 percent, has the highest combined sales tax of any state in the U.S. Washington state levies a tax of 49.4 cents per gallon on gasoline, one of the highest rates in the nation. Maine generally imposes an income tax on all individuals that have Maine-source income. The income tax rates are graduated, with rates ranging from 5.8% to 7.15% for tax years beginning after 2015. The rates ranged from 0% to 7.95% for tax years beginning after December 31, 2012 but before January 1, 2016. Prior to January 1, 2013, the graduated rates ranged from 2% to 8.5%. These rates are the same for individuals and businesses.

State individual income tax rates and brackets

| Saving for retirement is important, but saving money in retirement is important, too. One possible way to save money is to move to a state with no income tax. For retirees, that can mean no state tax on Social Security benefits, pensions and other sources of retirement income. You may receive a letter from the SCDOR asking you to complete either theIdentity Verification QuizorIndividual Code Verificationafter filing your return. This is just another step we are taking to ensure that fraudsters are not using your information to file a false return and steal your refund. INCREASE IN EARNED INCOME TAX CREDIT – Full‐year residents may claim the South Carolina Earned Income Tax Credit.

  • Proposition 208 had created a 3.5 percent high earners tax atop the state’s existing 4.5 percent top marginal income tax rate, functionally yielding a new top rate of 8 percent.
  • Let’s take a quick state-by-state tour of income taxes to learn more.
  • However, these states with the lowest taxes on income can be a good place to start looking for a more affordable location.
  • Forty-seven states and many localities impose a tax on the income of corporations.
  • If you cross state lines for your job, you may or may not have to file taxes in another state, too.
  • The tax rate may be fixed for all income levels and taxpayers of a certain type, or it may be graduated.

Instead of looking at what tax bracket you fall in based on your income, determine how many individual tax brackets you overlap based on your gross income. The IRS started accepting https://www.bookstime.com/ taxpayers’ returns for this year’s tax season back in January. Most Americans have until April 18 to file, though they can request a six-month extension to Oct. 16.

What is a liability account?

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customers

An asset is anything a company owns of financial value, such as revenue . A dog-walking business owner pays his 10 dog walkers biweekly. It’s Monday, and he has to pay $2000 in wages by Thursday. Interest accrued on debt that has not yet been invoiced by the lender. Compensation earned but not yet paid to employees as of the balance sheet date.

Note that estimated liabilities differ from contingent liabilities. Nevertheless, their amounts were not known during the preparation of financial statements and estimated amounts needed to be used. In financial statements, the place of liabilities is almost assured. In balance sheets it’s at the heart of the transactions and makes a fundamental element of financial accounting. In fact, every balance sheet is based on an equation that has liabilities at the scheme of things, where Assets are equal to Liabilities plus the Owner’s Equity. In the context of accounting, liabilities are seen as the obligation of a business or company drawn from events or financial transactions from the past.

Debt Capital Ratio

The flip side is that you’ve taken out a mortgage, and that’s a long-term liability. You’ll need to make extra money to pay off this long-term debt. Now that we’ve got the basic definitions out of our way, let’s look at a few real-life examples of assets and liabilities. Fixed assets, also known as non-current assets or long-term assets, help you run your business in the long term. For example, your equipment enables you to get work done faster, and your office space helps impress new clients.

credit card

He https://bookkeeping-reviews.com/ly researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem. This post is to be used for informational purposes only and does not constitute legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post. Bench assumes no liability for actions taken in reliance upon the information contained herein.

Accounting Topics

The company must recognize a liability because it owes the customer for the goods or services the customer paid for. Debt financing is often used to fund operations or expansions. These debts usually arise from business transactions like purchases of goods and services. For example, a business looking to purchase a building will usually take out a mortgage from a bank in order to afford the purchase.

What are the 3 types of liabilities?

Liabilities can be classified into three categories: current, non-current and contingent.

12 4 Balance sheet classification revolving debt agreements

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Balance Sheet: Classification, Valuation

An account that represents that portion of the excess of bond proceeds over par value and that remains to be amortized over the remaining life of such bonds. However, even though there is a general alignment between the accounting standards and the 2008 SNA, there are some specific differences. One important difference is the treatment of holding gains and losses. Whereas in the 2008 SNA these are treated as revaluations, they are recorded, at least partly, as income according to the accounting standards. Another significant difference relates to the boundaries for the recognition of non-financial assets. Generally, one can state that the asset boundary of the 2008 SNA is larger than the one applied in business accounting. This mainly concerns the recognition of intellectual property products, such as those resulting from research and development, as assets in 2008 SNA.

The return of stock picking: Why valuation and fundamentals matter … – Funds Europe Magazine

The return of stock picking: Why valuation and fundamentals matter ….

Posted: Fri, 10 Feb 2023 17:13:58 GMT [source]

This is particularly the case for central governments and national public corporations which provide services to a whole country. For example, the central government borrowing through issuance of debt securities simply cannot be assigned to a geographical location. For these reasons, financial accounts and balance sheets are usually not produced by region. An exception may be the compilation of regional accounts for households.

Amendments under consideration by the IASB

Subaccounts shall be established within this account for the separate recording of each class or type of spare parts and supplies. Cash, not including cash sales, collected in January 2018 and entered as of December 31, 2017, totaled $35,324. Of this amount, $23,324 was received on account after cash discounts of 2% had been deducted; the remainder represented the proceeds of a bank loan.

  • SDRs are international reserve assets created by the International Monetary Fund and allocated to its members to supplement their reserve assets .
  • Therefore, the borrower is able to demonstrate its intent to refinance on a long-term basis.
  • Moreover, as noted in Table 1.2, information may be needed on the remaining maturity of instruments instead of on their original maturity, in order to analyse, for example, liquidity risk.
  • Fixed Assets are those long-term assets that are utilized in the current fiscal year and many years after that.

2) More detailed guidance on specific transactions to obtain better comparability across European countries. 2) More detailed guidance Balance Sheet: Classification, Valuation on specific issues relating to cross-border liabilities. 1) More detailed breakdowns to better focus on government-specific issues.

Example Format of Classified Balance Sheet Asset

Classic examples of such standardised guarantees are export credit guarantees and student loan guarantees. Furthermore, provisions set aside by corporations to cover, for example, unexpected events or to cover default by their customers, are not considered to fall within the asset boundary. Finally, it should be noted that the 2008 SNA recognises non-financial assets, but does not recognise non-financial liabilities. The residual income method differs from others in that accounting https://business-accounting.net/ earnings and the book value of total invested capital are used in place of free cash flow and cash investment. If correctly executed, however, the residual income method yields the same value as the DCF method given that it adjusts for accrual accounting related timing differences between a firm’s earnings and free cash flows over the life of the firm. As implemented, residual, or excess income is equal to projected CBO accounting earnings minus the required return on CBO.

  • The company typically has regular bank lines of credit, but these generally are not legally enforceable.
  • The 2008 SNA requires recording the sale/purchase of the product at the time of delivery, not when the cash payment takes place.
  • However, even though there is a general alignment between the accounting standards and the 2008 SNA, there are some specific differences.
  • As of December 31, 20X1, FSP Corp, a reporting entity whose financial condition is strong, has two outstanding loans, Loan D and Loan S. Both loans have a stated maturity date beyond December 31, 20X2 .

Most large banks will usually have a head office within one region along with local branch offices across several regions. If a bank issues a loan to a household, the practical issue to overcome is whether to assign the loan to the head office of the respective bank or the local branch which conducts the application and assessment of the loan. The same issue will arise for other multiregional enterprises with various establishments across the country, such as chain stores, or manufacturers which have spread their production across regions. The non-profit institutions serving households’ sector includes units that produce non-market goods and services provided for free , and that are not controlled by the government. Examples of units belonging to this sector are trade unions, consumers’ associations, political parties, churches, sports clubs, charities, and aid organisations.

Journal Entry for Accrued Income or Income Due

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Accrued Income

However, in the books of accounts of client Y, the same will be recorded as accrued expenses. To handle this situation, CFI will record this “accrued income” as a credit to income. To balance the transaction, a debit in the same amount will be made to an “accounts receivable” account, which is a balance sheet account. Balance SheetA balance sheet is one of the financial statements of a company that presents the shareholders’ equity, liabilities, and assets of the company at a specific point in time. It is based on the accounting equation that states that the sum of the total liabilities and the owner’s capital equals the total assets of the company. Using this method, the company often recognizes accrued revenue before it is paid. In 2021, it had $8.2 billion in rental revenue and $1.68 billion in accounts receivable.

What is Accrued Revenue?

Accrued revenue is revenue that is recognized but is not yet realized. In other words, it is the revenue earned/recognized by a business for which the invoice is yet to be billed to the customer. It is also known as unbilled revenue.

Therefore, if you sell an item to a customer in January on credit and the person is supposed to pay in February, you will record the revenue from the sale in January, not February. If you are the seller, the income which you have yet to receive will be called accrued revenue. SaaS businesses sell pre-paid subscriptions with services that are rendered over time and hence require the use of the accrual basis of accounting. Revenue recognition in SaaS is done when the service is rendered and the revenue is ‘earned’. Not using accrued revenue in SaaS would lead to revenue recognition at longer intervals, since revenues would only be recognized when invoices are issued. https://online-accounting.net/ is earnings from investments that have not yet been received by the investing entity, and to which the investing entity is entitled. This concept is used under the accrual basis of accounting, where income can be earned even when the related cash has not yet been received.

definitions of income

You report both accrued income and accrued interest in the Accrued Receivables asset account. Interest income earned but not yet received in cash is a type of accrued revenue current asset called accrued interest income .

Timothy has helped provide CEOs and CFOs with deep-dive analytics, providing beautiful stories behind the numbers, graphs, and financial Accrued Income models. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

Is Accrued Investment Income a Current Asset?

Multiply the result, the interest rate, and the total amount of the loan or investment together, and you get the accrued interest for the period. You must be careful to assign accrued interest to the right accounting period, though, or you throw your financial statements into error.

Public companies were required to apply the new revenue recognition rules beginning in Q1 2018. United limits its risk by not having a concentration of more than 1% in any one customer; its allowance for doubtful accounts was just $112 million. That number is large, but it is relatively low when compared to the total amount of ARs and the prior years.

Accrued Income in Balance Sheet

Deferred revenue is the recognition of receipts and payments after the actual cash transaction. The entry of accrued revenue entry happens for all the revenue at once. Accrued revenue must be booked when there is a mismatch between the time of payment and delivery related goods/services. Accrued revenue is revenue that is recognized but is not yet realized. In other words, it is the revenue earned/recognized by a business for which the invoice is yet to be billed to the customer. Rent income can be considered accrued income when payment policies differ. RevenueRevenue is the amount of money that a business can earn in its normal course of business by selling its goods and services.

  • It is recorded in the same accounting period in which it is recognized and not earned.
  • It is so since rent of two months has been generated, but the company will receive that rent at the end of the 3rd month of the same quarter.
  • Pied Piper IT Services agrees to build a flight navigation software for XYZ airlines in 12 months for a sum of $120,000.
  • When you make out your financial statements for the period, include accrued interest and sales revenue on the income statement.

If you run your business on a cash basis, accrued income isn’t an issue. With cash accounting, you only report income when you get paid, so you don’t record interest accrued on an investment. If you use accrual accounting, you report interest in your ledger as soon as you earn it, even if you won’t see the cash for months. Accrual accounting covers both accrued revenue and accrued expenses. Accrual accounting requires recording expenses in the same accounting period as related revenue, based on the GAAP matching principle.

How to Compute the After-Tax Cash Flow From the Operations

Pied Piper IT Services agrees to build a flight navigation software for XYZ airlines in 12 months for a sum of $120,000. According to the contract, Pied Piper is expected to deliver the first milestone of the software in 6 months which is valued at $60,000.

Similar to accrued expense, accrued income is recorded in the period during which it is recognized, even though cash has not been exchanged. Accrued income is usually listed in the current assets section of the balance sheet in an accrued receivables account. An adjusting journal entry occurs at the end of a reporting period to record any unrecognized income or expenses for the period. Although it is not yet in hand, accrued income is recorded on the books when it is earned, in accordance with the accrual accounting method. At the end of April the company’s management required a financial statement and the accountant had to accrue the income earned through this financial instrument during the first month of this cycle. After performing the calculations, the accrued income at the end of April was $41,67. When you receive the $6,000 at the end of the year, Accounting Tools says, you credit Interest Receivable, wiping out the entire amount.

CHAPTER 2 BASIC HARVEST AND POST-HARVEST HANDLING CONSIDERATIONS FOR FRESH FRUITS AND VEGETABLES

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user status

There has been rapid growth in the number of United States patent applications that cover new technologies that are related to 5 2 Prepare A Post media, and the number of them that are published has been growing rapidly over the past five years. As of 2020, there are over 5000 published patent applications in the United States. Viral marketing campaigns are particularly attractive to businesses because they can achieve widespread advertising coverage at a fraction of the cost of traditional marketing campaigns. Nonprofit organizations and activists may also use social media to post content with the aim of it going viral. Mobile social media refers to the use of social media on mobile devices such as smartphones and tablet computers.

  • In either case, paid fringe benefits that are reasonable, necessary, allocable, and otherwise allowable may be included in the valuation.
  • The damage that microorganisms inflict on fresh fruits and vegetables is mainly in the physical loss of edible matter, which may be partial or total.
  • The advantage of this solution is that it does not leave a chemical residue on the product.
  • Credit to asset, shows accumulated Ordinary Depreciation posted against the Asset as of the first day of current fiscal year.

Some zero-rating programs offer subsidized data access to certain websites on low-cost plans. Critics say that this is an anti-competitive program that undermines net neutrality and creates a “walled garden” for platforms like Facebook Zero.

Depreciation of Asset

The time step chosen by the solver at each step is based on the equation in the system that needs to take the smallest step. This means the solver can take small steps to satisfy the equation for one initial condition, but the other equations, if solved on their own, would use different step sizes. Despite this, solving for multiple initial conditions at the same time is generally faster than solving the equations separately using a for-loop. Exiting with non-zero status from this script preventgit-p4 submit from launching. The p4-prepare-changelist hook is executed right after preparing the default changelist message and before the editor is started. It takes one parameter, the name of the file that contains the changelist text.

  • “Manufactured products” means items and construction materials composed in whole or in part of non-ferrous metals such as aluminum; plastics and polymer-based products such as polyvinyl chloride pipe; aggregates such as concrete; glass, including optical fiber; and lumber.
  • In a study from 2011, it was found that time spent on Facebook has a strong negative relationship with overall GPA, but it was unclear if this was related to sleep disturbances.
  • You will have to create them one WBS Element at a time (repeat steps J.4 and J.5 for each one).
  • If you encounter an error stating ‘Define a settlement cost element for receiver type FXA’, this is likely because your IO is Grant-funded and had IDC postings to it.

The White House announced that vaccines will be required for international travelers coming into the United States, with an effective date of November 8, 2021. For purposes of entry into the United States, vaccines accepted will include FDA approved or authorized and WHO Emergency Use Listing vaccines. I understand that, as a condition of participation in the USUN Housing Program, I must pay the percentage of my base salary specified below as my contribution toward the cost of the USUN housing provided to me. My annual base salary is $__________, the annual lease cost to USUN of my housing is $________, and the lease cost as a percentage of base salary is _____%. In accordance with 2 FAM 117.6, I authorize the Department of State to deduct _____% of my base salary each pay period in which I have occupied government-leased housing.

options — Option structure structure array

Much of the privacy concerns individuals face stem from their own posts on a form of a social network. Users have the choice to share voluntarily and have been ingrained into society as routine and normative. Social media are a snapshot of our lives; a community we have created on the behaviors of sharing, posting, liking, and communicating. Sharing has become a phenomenon which social media and networks have uprooted and introduced to the world. The idea of privacy is redundant; once something is posted, its accessibility remains constant even if we select who is potentially able to view it. People desire privacy in some shape or form, yet also contribute to social media, which makes it difficult to maintain privacy. Mills offers options for reform which include copyright and the application of the law of confidence; more radically, a change to the concept of privacy itself.

record

To limit the selection to completed AuCs that have been capitalized to a final asset, enter Transaction type 339. Scrolling all the way to the bottom will show the balance of the costs to be capitalised either to the AuC or to the Cost Center (non-capitalisable costs). This report provides Project Budget Balance Availability at fund level. However, it is generally recommended that Users refer to T-code FMAVCR02. If T-code ZPJPRJBUDBAL is used it should only be run for FT10 andFT20, it should not be run for FT30 . The Project Builder allows a user to review the setup of an AuC project.

Usage: During the COVID-19 pandemic

Entities can only use this method after approval of https://personal-accounting.org/s division as Umoja has been set up to automatically post depreciation based on the useful life assigned to the IPSAS sub class of the asset. An application of this is the Vienna International Center , where UNIDO administer the building and provide lump sum postings to UNOV to recognize their portion of cost and accumulated depreciation for financial statement reporting purposes only.

An exception are hooks triggered during a push (pre-receive,update, post-receive, post-update, push-to-checkout) which are always executed in $GIT_DIR. By default the hooks directory is $GIT_DIR/hooks, but that can be changed via the core.hooksPath configuration variable (seegit-config). We also allow you to split your payment across 2 separate credit card transactions or send a payment link email to another person on your behalf. If splitting your payment into 2 transactions, a minimum payment of $350 is required for the first transaction. No, all of our programs are 100 percent online, and available to participants regardless of their location. Harvard Business School Online’s Business Insights Blog provides the career insights you need to achieve your goals and gain confidence in your business skills.

Upon completion of the Federal award or when the property is no longer needed, the non-Federal entity must report the property to the Federal awarding agency for further Federal agency utilization. If the Federal awarding agency does not specify in its regulations or the terms and conditions of the Federal award, or give prior approval for how program income is to be used, paragraph of this section must apply. For Federal awards made to IHEs and nonprofit research institutions, if the Federal awarding agency does not specify in its regulations or the terms and conditions of the Federal award how program income is to be used, paragraph of this section must apply. In specifying alternatives to paragraphs and of this section, the Federal awarding agency may distinguish between income earned by the recipient and income earned by subrecipients and between the sources, kinds, or amounts of income.

The details requirements and processes on impairment refer to the Corporate Guidance on Impairmentand Property, Plant and Equipment. If there are errors in the depreciation run, a spool marked with red and status as ‘Error’ will be generated and an icon of this type will appear as shown in the screen shot below. This button must be selected when the system was stalled due to the errors in the update run. If errors occurred during an update run, the system will force the User to perform the depreciation run in the restart mode only. Depreciation of an asset ceases when the asset is fully depreciated or derecognized as stipulated in the IPSAS Standard. Feature as described in the Asset Balances report instructions above.

When contracting for architectural and engineering (A/E) services, geographic location may be a selection criterion provided its application leaves an appropriate number of qualified firms, given the nature and size of the project, to compete for the contract. Use the equipment for the authorized purposes of the project during the period of performance, or until the property is no longer needed for the purposes of the project. The amount paid to the Federal awarding agency will be computed by applying the Federal awarding agency’s percentage of participation in the cost of the original purchase to the fair market value of the property. Subject to the requirements and conditions set forth in this section, title to real property acquired or improved under a Federal award will vest upon acquisition in the non-Federal entity. The non-Federal entity must, at a minimum, provide the equivalent insurance coverage for real property and equipment acquired or improved with Federal funds as provided to property owned by the non-Federal entity. Federally-owned property need not be insured unless required by the terms and conditions of the Federal award. If the purpose of the Federal award is to assist the non-Federal entity in the acquisition of equipment, buildings or land, the aggregate value of the donated property may be claimed as cost sharing or matching.