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CIRCULAR NO. A-122 Revised . TO THE HEADS OF EXECUTIVE DEPARTMENTS AND ESTABLISHMENTS SUBJECT: Cost Principles for Non-Profit Organizations 1. Purpose. This Circular establishes principles for determining costs of grants, contracts and other agreements with non-profit organizations.
The Office of Management and Budget (OMB) is relocating Circular A-122, “Cost Principles for Non-Profit Organizations,” to Title 2 in the Code of Federal Regulations (CFR), subtitle A, chapter II, part 230.
OMB Circular A-122 – Cost Principles for Non-Profit Organizations (05/10/2004)(55 pages, 220 KB), Relocated to 2 CFR, Part 230 (17 pages, 235 KB)
Clarifies and updates cost reporting guidelines for award recipients. *The Guidance was drawn from OMB Circulars A–21, A–87, A–110, and A–122 (which have been placed in past OMB guidances); Circulars A–89, A–102, and A–133; and the guidance in Circular A–50 on Single Audit Act follow-up.
summary of o.m.b. circular a-122 “Cost Principles for Non-Profit Organizations A. Basic Considerations - To be allowable, costs must meet the following general criteria:
Cost Principles Comparison Chart –2 CFR Part 225 (A -87), 2 CFR Part 220 (A 21), 2 CFR Part 230 (A 122), and Final Uniform Guidance Text from 2 CFR Part 225 (A-87) serves as the guiding comparison text, therefore text from the other comparison guidance may not be listed in chronological order.
part 215 - uniform administrative requirements for grants and agreements with institutions of higher education, hospitals, and other non-profit organizations (omb circular a-110)
OMB Guidance contained in Title 2 Subtitle A and applicable to Federal financial assistance includes 2 CFR 25 Universal Identifier and System for Award Management; 2 CFR 170 Reporting Subaward and Executive Compensation Information; and 2 CFR 180 OMB Guidelines to Agencies on Governmentwide Debarment and Suspension, and Part 184 Buy America ...
(1) OMB authorizes conditional exemption from OMB administrative requirements and cost principles circulars for certain Federal programs with statutorily-authorized
This final guidance supersedes and streamlines requirements from OMB Circulars A-21, A-87, A-110, and A-122 (which have been placed in OMB guidances); Circulars A-89, A-102, and A-133; and the guidance in Circular A-50 on Single Audit Act follow-up.