(A) Obligations are orders placed for property and services, contracts and subawards made, and similar transactions during a given period that require payment by the non-federal entity during the same or a future period.
(B) The following table illustrates when funds are determined to be obligated under any federal agency regulations:
(1) If the obligation is for:
(a) Acquisition of property - on the date which the city makes a binding written commitment to acquire the property.
(b) Personal services by an employee of the city - when the services are performed.
(C) Personal services by a contractor who is not an employee of the city - on the date which the city makes a binding written commitment to obtain the services.
(D) Public utility services - when the city receives the services.
(E) Travel - when the travel is taken.
(F) Rental of property - when the city uses the property.
(G) A pre-agreement cost that was properly approved by the Secretary under the cost principles in 2 C.F.R. Part 200, Subpart E - Cost Principles - on the first day of the project period.
(Ord. 05-2023, passed 6-27-23)