New Guidance for Nonprofits on Uniform Administrative Requirements and Cost Principles for Federal Awards

The Office of Management and Budget (OMB) issued an omnibus OMB Circular – colloquially referred to as the “Supercircular” – to streamline the Federal government’s guidance on administrative requirements, cost principles, and audit requirements for Federal awards.  The objective of this reform is to reduce both administrative burden and risk of waste, fraud, and abuse while improving program outcomes. Characteristics of this reform include:

*Eliminating duplicative and conflicting provisions of guidance that were written separately
*Focusing on performance over compliance to provide accountability for Federal funds
*Encouraging efficient use of information technology and shared services
*Providing for consistent and transparent treatment of costs
*Limiting allowable costs to make best use of Federal resource
*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 

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