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Cost Principles for Educational Institutions; State, Local, and Indian Tribal Governments; and Non-Profit Organizations

Federal Register, May 10, 2004, Page 25969 - 25995

Agency

Office of Management and Budget

Action

Revisions to OMB Circulars A-21, A-87 and A-122

Summary

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.

 

Dates

These final cost principles are effective June 9, 2004.

Addresses

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 hai_m._tran@omb.eop.gov 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.

Further Information

Gilbert Tran, Office of Federal Financial Management, Office of Management and Budget, (202) 395-3993.

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