OMB's New Uniform Guidance:
The Office of Management and Budget's "Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards," popularly known as the “Super Circular,” became effective in December 2014.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.
The Super Circular is intended to reduce unnecessary regulatory and administrative burdens. But, for those who work with grants, contracts, audits, etc., wading through and understanding these changes can be a burden in and of itself. Don't panic though — our expert faculty can help! In this valuable class, we'll give you a blow-by-blow of what the changes are and what they mean practically for you and your tribal employer. You'll leave this class with valuable new information on everything from how you can extend your indirect cost rate for 4 years, to what the new exclusions are, including mandatory contract health exclusion from the direct cost base and other new direct cost base exclusions. Make sure you’re in the know about what these changes are, how they’ll impact your tribe and what you need to do to make sure you’re in compliance.
In addition to walking you through these changes, we’ll also provide you with a comprehensive overview of guidelines for administering federal funds and contracts. We’ll highlight important areas you need to know about, like recordkeeping requirements for employees, limitations on council and board member stipends, what costs have recently become allowable, and requirements regarding the preparation of indirect cost proposals.
This class could literally save your tribe tens, or even hundreds, of thousands of dollars. Did you know that the Environmental Protection Agency (EPA) Inspector General has recommended disallowing approximately $1 million to tribally run EPA programs due to inadequate documentation of time logs and payroll expenses? In specific cases, the U.S. Department of Health and Human Services has disallowed the costs of in-kind contributions for similar reasons. Protect your funding — register for this important class today!
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