Uniform Guidance for Federal Awards Presented by

Transcript:Uniform Guidance for Federal Awards Presented by:
Uniform Guidance for Federal Awards Presented by Michael Cutler October 27, 2015 9:00 – 4:00 Agenda Objective & structure of Uniform Guidance Current guidance Effective dates of Uniform Guidance Changes to current guidance – A-87 & A-133 Indirect Costs Subrecipients Resources Questions and answers Summary 2 Objective of Uniform Guidance “The goal of this reform is to deliver on the President’s directives to (1) streamline our (OMB) guidance for Federal awards to ease administrative burden and (2) strengthen oversight over Federal funds to reduce risks of waste, fraud, and abuse. Streamlining existing OMB guidance will increase the efficiency and effectiveness of Federal awards to ensure best use of the more than $500 billion expended annually.” Objectives of Uniform Guidance How are these objectives to be met? Eliminating duplicative and conflicting guidance Focusing on performance over compliance for accountability Encouraging efficient use of information technology and shared services Providing for consistent and transparent treatment of costs Objectives of Uniform Guidance How are these objectives to be met? (continued) Limiting allowable costs to make the best use of Federal resources Setting standard business processes using data definitions Encouraging non-Federal entities to have family-friendly policies Strengthening oversight Targeting audit requirements on risk of waste, fraud, and abuse Structure of Uniform Guidance Located at 2 CFR 200 Contents Subpart A – Acronyms and Definitions Subpart B – General Provisions (200.1xx) Subpart C – Pre-Award Requirements (200.2xx) Subpart D – Post-Award Requirements (200.3xx) Subpart E – Cost Principles (200.4xx) Subpart F – Audit Requirements (200.5xx) Appendices I - IX Current Guidance A-89 A-102 A-50 A-110 A-21 A-87 A-122 A-133 2 CFR 200 Other Current Guidance OAM 15.42.00 Federal Grants OAM Chapter 30 Federal Compliance 30.10.00 Statewide Single Audit 30.20.00 Statewide Central Service Cost Allocation 30.30.00 Cash Management 30.40.00 Subrecipient Monitoring and Audit Reviews Under OMB Circular A-133 Selected Uniform Guidance Highlights Raises Single Audit threshold to $750,000 from $500,000 - 200.501 Publication of Single Audit Reports (which include F/S) online - 200.512 “Contractor” replaces “vendor” “Should” versus “must” Increased emphasis on internal controls Updated Green Book and COSO standards Effective DateS of Uniform Guidance Per §200.110 and 8/29/14 FAQ .110-1 through .110-15 For Federal agencies, must implement the requirements on December 26, 2013 Administrative requirements and cost principles will apply to new awards and funding increments* of existing awards made on or after December 26, 2014 * = New rules apply as of the Federal