OMB’s Proposal for grant reform. February 20, 2013. OMB Proposal Released for Comment. On February 1, 2013, the Office of Management and Budget released a notice of proposed guidelines entitled :
February 20, 2013
On February 1, 2013, the Office of Management and Budget released a notice of proposed guidelines entitled:
“Proposed Uniform Guidance: Cost Principles, Audit, and Administrative Requirements for Federal Awards”
The proposal, also being referred to as “The Super Circular”, combines the multiple Federal regulations that currently govern the way we administer grants into a single, comprehensive and streamlined uniform policy guide.
The proposed guidance would consolidate eight current OMB Circulars. Those having a direct impact on School Districts and ESDs are:
The main objectives that OMB considered when drafting the proposal were:
The proposal’s full text (244 pages) as well as a summary (89 pages) can be found at www.regulations.gov under docket number OMB-2013-0001.
You can also provide comments which are due by May 2, 2013.
Low Risk Entity: Reduced from 25% to 20%
High Risk Entity: Reduced from 50% to 40%
We will keep you informed of any updates regarding the release of the final rule.
Contact Jennifer Carrougher, Director, Audit Management and Resolution, OSPI, at 360-725-6288