OMB Releases the 2015 Compliance Supplement
The Office of Management and Budget (OMB) released the long-awaited 2015 Compliance Supplement this week. The Compliance Supplement is annual guidance designed…
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DATA Act Implementation Underway
Last month saw a significant uptick in implementation activities for the DATA Act. On May 8, 2015, the Office of Management and Budget (OMB) and the Department of the Treasury (Treasury) released information on the implementation of the DATA Act. OMB and the Treasury published: A list of 57 governmentwide standard financial data elements Memorandum […]
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Tracking Timesheets under 2 CFR 200
One of the most important, and often misunderstood, change under 2 CFR 200 the Uniform Guidance: Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) is the new reporting requirements for employee compensation, found at 2 CFR 200.430. For many reasons, this provision has created much confusion in the grants community. […]
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Gratuity Violations Under 2 CFR 200
Federal and non-Federal entities (NFEs) should be well into the process of finalizing internal policies that conform to the new requirements under 2 CFR 200 – Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The Uniform Guidance allows NFEs to adopt entity-wide changes to internal policies and systems for all […]
Read More2015 Starts Now for the Grants Community
Earlier this month, we shared the Management Concepts Top Ten Important Items to Know about the Uniform Guidance. Now, we present our Supercircular New Year’s resolutions! Update your regulation bookmarks. Since the Uniform Guidance combines and replaces the eight existing regulations into one, you will want to make sure that you have both handy. You […]
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