The \u201cUniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards<\/a>, or \u201cUniform Guidance\u201d was adopted to consolidate and streamline the regulatory framework governing the administration of federal grants as well as create efficiencies and increased transparency. \u00a0It replaces and consolidates eight (8) Office of Management and Budget (OMB) circulars, including those circulars that have guided ÌÇÐÄvlog\u2019s receipt and administration of federal grants for the past several decades\u2014specifically, OMB A-21 (Cost Principles), OMB A-110 (Administrative Requirements) and OMB A-133 (Audit Requirements).<\/p>\n The \u201cUniform Guidance\u201d will take effect on December 26, 2014 and will apply to new awards\u00a0and\u00a0<\/em>incremental funding on existing awards (e.g., Year two of a three-year federal grant) received\u00a0after<\/em>\u00a0December 26, 2014. A summary of major applicable changes and their impact is listed in the table below.\u00a0 With regard to the allowability of items of cost on federal grants, little has changed.\u00a0 However, some notable changes include the allowance of administrative costs on federal awards under certain conditions.\u00a0 In addition, the treatment of \u201ccomputing devices\u201d has been modified to include printers, peripherals, storage devices, etc., and are allowable for devices that are essential and allocable to a specific project, but not\u00a0solely<\/em>\u00a0dedicated, to the performance of that project (as was the case under the previous guidelines). To follow is a\u00a0partial list\u00a0of some of the major changes that will, or may have impact on ÌÇÐÄvlog:<\/p>\nWhen does the Uniform Guidance take effect?<\/h2>\n
\nFederal awards that were fully funded prior to December 26, 2014 will continue to be governed by the terms and conditions that existed at the time of award\u00a0 (i.e., in most cases, previously funded awards will be governed by OMB Circulars A-21, A-110, and A-133).<\/p>\nHow will the Uniform Guidance impact ÌÇÐÄvlog?<\/h2>\n
\nOther changes pertain to university requirements in receiving and administering federal awards.\u00a0 For example, universities are required to broaden their Financial Conflict of Interest Policy to apply\u00a0to all federal grants regardless of the agencies funding them (prior regulations limited the FCOI application solely to PHS and NSF funded projects). \u00a0The Uniform Guidance also imposes additional requirements upon the federal agencies with regard to their interactions with federal awardees\u00a0 (e.g., 60-day advance notice of funding opportunities).
\nThe Uniform Guidance is organized into six (6) subparts, A-F, and 11 appendices. The subparts are summarized below.<\/p>\n\n