The webcast from this webinar is available for download. The webinar was originally shown on May 20, 2014
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About this webinar:
In December 2013, the Office of Management and Budget (OMB) published new guidelines that significantly reform and strengthen Federal grant-making to improve outcomes for the American people while reducing bureaucratic red-tape. The new guidance will affect all new grants awarded after December 26, 2014. The final guidance supersedes and streamlines requirements from OMB Circulars A-21, A-87, A-110, and A-122; Circulars A-89, A-102, and A-133; and the guidance in Circular A-50 on Single Audit Act follow-up. It is located in Title 2 of the Code of Federal Regulations, also referred to as the Omni Circular. This webinar highlights the most significant changes in the Omni Circular for the Administrative Requirements, Cost Principles and Audits.
On Friday, August 29, 2014, the
COFAR released the second set of Frequently Asked Questions (FAQs) in
support of the new Omni Circular, 2 C.F.R 200 Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal
After reviewing these FAQs, I noticed that the
Effective Date language for new and existing awards had been updated from "After
December 26, 2014" to "On or After December 26,2014." This is an important change for those of you who
are currently updating your grants management policies and procedures and subgrant
award terms and conditions.
used for NCJA's Members Only Webinar on the Omni Circular on May 20,2014, are updated
with this new language. Also, there is additional
clarification in the FAQs regarding other questions regarding contractor versus
vendor definitions, the new 10% deminimus indirect cost rate, audits, performance
measures and internal controls.