The University and the Research Institute follow the federal cost principles when developing proposal budgets, rates and price estimates. Costs proposed by the University should be estimated in accordance with OMB Circular A-21: Cost Principles for Educational Institutions. Costs proposed by the Research Institute should be estimated in accordance with OMB Circular A-122: Cost Principles for Non-Profit Organizations.
The administrative requirements for recipients of federal grants and other agreements are contained in OMB Circular A-110: Uniform Administrative Requirements for Grants and Agreements With Institutions of Higher Education, Hospitals, and other Non-Profit Organizations.
In some cases, the clauses and provisions of the Federal Acquisition Regulation (FAR) and/or Defense Federal Acquisition Regulation Supplement (DFARS) may govern the administration of your award.
Organizations receiving more than $500,000 in annual federal awards are required to have a single or program-specific audit conducted in accordance with OMB Circular A-133: Audits of States, Local Governments, and Non-Profit Organizations.
In March of 2004, the Office of Management and Budget (OMB) compiled the OMB Circular A-133 Compliance Supplement which provides agency specific administrative and accounting guidance for federal awards.
For more information on the OMB Circulars, FAR or DFARS, preparing compliant budget estimates or federal award administration, please contact your Project Development Officer.