Cost Principles for Educational Institutions; State, Local, and Indian Tribal Governments; and Non-Profit Organizations
Federal Register, May 10, 2004, Page 25969 - 25995
Office of Management and Budget
Revisions to OMB Circulars A-21, A-87 and A-122
The Office of Management and Budget (OMB) amends the cost principles in OMB Circulars A-21, A-87 and A-122. These changes are intended to further the objectives of Public Law 106-107, the Federal Financial Assistance Management Improvement Act, (``the Act''). One of the actions taken by the agencies under the Act was to simplify the cost principles, making the descriptions of similar cost items consistent across the Circulars where possible, and reducing the possibility of misinterpretation.
These final cost principles are effective June 9, 2004.
OMB intends to keep these cost principles current with changes in laws, modifications to accounting standards and advances in technology. If you have comments on ways to improve these principles, please submit your comments to Gilbert Tran, Office of Federal Financial Management, Office of Management and Budget, 725 17th Street, NW., Room 6025, Washington 20503. Due to potential delays in OMB's receipt and processing of mail sent thru the U.S. Postal Service, we encourage you to submit comments electronically to firstname.lastname@example.org with your name, title, organization and postal address in the text of the message. You may also submit comments via facsimile by sending your comment to (202) 395-4915.
Gilbert Tran, Office of Federal Financial Management, Office of Management and Budget, (202) 395-3993.