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Arts and Sciences Research Office

Promoting Research - Proposal Development - Reviewing Proposals - Gardiner Hall, Suite 320

May-2014 ROP Meeting

When May 07, 2014
from 10:00 AM to 11:00 AM
Where CEHD Room 239
Contact Name
Contact Phone 852-5588
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Presenters:

Susan Wilhelm - Director Sponsored Programs Financial Compliance and Reporting

Teresa Wilkins - Grant Manager Specialist in the A&S Research Office

Topic:

Susan and Teresa will lead a discussion about the OMB’s recently reformed guidance on Administrative Requirements, Audit Requirements and Cost Principles for Federal Financial Assistance (2 C.F.R. 200) - the "Super Circular".  These changes could have some significant impact on budgeting, reporting, and audits related to research at UofL.

Details:

RSVPs are helpful but not necessary.  If you need directions to the building/room, or advice on parking, please contact Christine Payne (852-2630).  Questions/comments/concerns, please contact Teresa Wilkins.

More about the Super Circular:

"To deliver on the promise of a 21st-Century government that is more efficient, effective and transparent, the Office of Management and Budget (OMB) is streamlining the Federal government's guidance on Administrative Requirements, Cost Principles, and Audit Requirements for Federal awards. These modifications are a key component of a larger Federal effort to more effectively focus Federal resources on improving performance and outcomes while ensuring the financial integrity of taxpayer dollars in partnership with non-Federal stakeholders. This guidance provides a governmentwide framework for grants management which will be complemented by additional efforts to strengthen program outcomes through innovative and effective use of grant-making models, performance metrics, and evaluation. This reform of OMB guidance will reduce administrative burden for non-Federal entities receiving Federal awards while reducing the risk of waste, fraud and abuse.

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."

Ref:  https://cfo.gov/cofar/