In December 2013, the Office of Management and Budget (OMB) published policy changes in the Federal Register regarding all aspects of federal awards including the administrative, allowable cost principles, and audit requirements that not-for-profit organizations must comply with when contracting with a federal agency. The new guidance is a key component of the Administration’s larger effort to more effectively focus Federal grant resources on improving performance and outcomes while ensuring the financial integrity of taxpayer dollars.
In December 2014, this uniform guidance became effective, and OMB published changes to the original guidance under the Joint Interim Final Rule. By streamlining eight Federal regulations into a single, comprehensive policy guide, the government can better administer the $600 billion awarded annually for grants and other types of financial assistance by decreasing administrative burden for recipients and reducing the risk of waste, fraud, and abuse.
One of the biggest challenges facing these not-for-profit organizations is understanding the impact of OMB’s recent publication of the Uniform Grant Guidance. Our professionals can help. We provide consultation on:
For more information about how OMB’s Uniform Grant Guidance will impact your organization, contact Tracey McDonald, CBIZ MHM Managing Director, or Craig Gilman, CBIZ MHM Managing Director, at 727.572.1400.
- Analyzing needed changes to purchasing policies
- Educating staff on changes to allowable cost principles
- Analyzing indirect cost rate changes
- Providing best practices and timelines to assist with compliance