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4/13/76 AC 150/5100-10A c. Interpretation. Fund control is covered by the standard discussed in paragraph 22. Regarding control over and accountability for property and other assets, land, improvements, and bulk materials acquired with grant funds would usually be the only covered property or assets for ADAP projects. Under certain circumstances, there may be specialized equipment for PGP projects. 24. BUDGETED AMOUNTS. a. Standard. Each sponsor's system shall provide for comparison of actual with budgeted amounts for each grant. Also, the system should show the relation of financial information with performance or productivity data, including the production of unit cost information whenever appropriate and required by the grantor agency. b. Interpretation. The budgeted amount would be the estimated costs shown in the the project application. 25. DISBURSEMENT PROCEDURES. a. Standard. Each sponsor shall establish procedures to minimize the time elapsing between the transfer of funds from the U.S. Treasury and the disbursement by the sponsor, whenever funds are advanced by the Federal Government. When advances are made by a letter -of -credit method, the sponsor shall make drawdowns from the U.S. Treasury through his commercial bank as close as possible to the time of making the disbursements. b. Interpretation. This standard would only apply when funds are advanced to a sponsor by Treasury check or by letter -of -credit. The sponsor's system should provide for disbursement within five working days after receipt of Federal funds. 26. PROJECT COSTS. a. Standard. Each sponsor shall establish procedures for determining the allowability and allocability of costs in accordance with the provisions of FAR 152.47, FAR 152.137, and FAR 152, Appendix J, as appropriate. (See Appendix 4.) b. Interpretation. This standard relates to the standard discussed in paragraph 21 concerning the need for adequate cost accounting records. When indirect costs under PGP are claimed, the system should provide for the records considered necessary to support the cost allocation plan mentioned in FAR 152, Appendix J, Part I, Section J. 27. SOURCE DOCUMENTATION. a. Standard. The system shall provide accounting records which are supported by source documentation. Chap 2 Par 23 Page 11