Where are the grant administrative requirements cost principles and audit requirements contained?

The Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) at 2 CFR Part 200 is the first consolidation of grant management requirements in many years.

What is uniform administrative requirements cost principles and audit requirements for federal awards?

Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. The reforms that comprise the Uniform Guidance aim to reduce the administrative burden on award recipients and, at the same time, guard against the risk of waste and misuse of Federal funds.

What establishes uniform procedures for federal agencies?

The EPA has adopted the Office of Management and Budget (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards to Non-Federal Entities guidance, which is commonly known as the Uniform Grant Guidance (UGG) (2 CFR 200).

Why do we have uniform administrative setup throughout the country?

The Uniform Guidance (2 CFR § 200) streamlines and consolidates government requirements for receiving and using federal awards so as to reduce administrative burden and improve outcomes.

Who does the uniform guidance apply to?

The Uniform Guidance covers all aspects of federal grants administration, from pre-award to audit. To help make the information accessible, OMB has divided it into six subparts.

What does the uniform guidance apply to?

The Uniform Guidance (UG) applies to all new federal awards issued on or after December 26, 2014. Modifications adding new funding to awards issued prior to that date may also include a clause updating the terms of the award to fall under UG.

What is the definition of a federal award?

So, a federal award is that legal instrument through which you (i.e., an applicant) are, well, awarded a grant agreement or cooperative agreement by a federal grant-making agency (i.e., a grantor). When a federal agency awards a grant, they make a decision based on the Application Review Process in the Pre-Award Phase.

What is a uniform guidance report?

A Uniform Guidance report is prepared in accordance with the audit requirements of Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). This report is published annually.

What replaced OMB Circular A-133?

2 CFR part 200
On December 26, 2013, OMB Circular A-133 was superseded by the issuance of 2 CFR part 200, subpart F. Among other things, those changes increased the audit threshold to $750,000 for auditee fiscal years beginning on or after December 26, 2014 and made changes to the major program determination process.

What are awarded funds?

An awarded grant is an award, usually financial, given by a funding body (typically a company, foundation, or government) to an individual or organization to facilitate a goal or reward performance.