Organizations Providing Updates on the Federal Budget

Independent Sector

National Council of Nonprofits

Uniform Guidance: Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards

On January 27, 2014, the Council on Financial Assistance Reform (COFAR), held a training webcast on the major updates to Office of Management and Budget’s (OMB) recently reformed guidance on Administrative Requirements, Audit Requirements and Cost Principles for Federal Financial Assistance (2 C.F.R. 200).

The presenters provided the public with a comprehensive overview of the guidance, which will be implemented one year from publication on December 26, 2014. OMB and the COFAR will continue to engage Federal and Non-Federal stakeholders over the next year to facilitate a smooth implementation process. Please submit any comments or questions to cofar@omb.eop.gov. Copies of the presentations and the slides can be found here.

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