What is Management and Administration (M&A)?
M&A costs are administrative expenses that are incurred during the administration of an AFG award. Applicants may apply for M&A costs if the costs are directly related to the implementation of the program for which they are applying. M&A costs and activities are directly related to the management and administration of the AFG award funds, such as financial management and monitoring.
No more than 3% of the federal share of AFG Program funds awarded may be expended by the recipient for M&A for purposes associated with the AFG award.
M&A expenses should be based only on actual expenses or known contractual costs. Requests that are simple percentages of the award, without supporting justification or adequate documentation, will not be allowed, or considered for reimbursement.