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OMB: Proposed Guidance on Cost Principles, Audit, and Administrative Requirements for Federal Awards

Federal Register, February 1, 2013, Page 7282-7296

Agency

Executive Office of the President, Office of Management and Budget (OMB)

Action

Proposed Guidance

Summary

To deliver on President Obama's promise of a 21st-Century government that is more efficient, transparent, and creative, the Office of Management and Budget (OMB) is seeking to adjust the Federal government's partnership with non-Federal stakeholders to best achieve program outcomes while we ensure the financial integrity of the dollars we spend. The goal of this effort is to transform our Federal financial   assistance framework so that it meets a higher standard of performance on behalf of the American people. OMB proposes these reforms to the guidance for Federal policies   relating to grants in order to ensure that Federal grants meet the high standards of a 21st-Century government. Federal grant-making must be   streamlined to make the most of taxpayer dollars and ensure financial   integrity while delivering the right program outcomes. This proposal provides this opportunity for the Federal government and its partners: state, local, tribal governments, institutions of higher education, and   nonprofit organizations, to rethink and reform the rules that govern our stewardship of Federal dollars.  

Dates

To be assured of consideration, comments must be received by OMB electronically through www.regulations.gov no later than midnight Eastern Standard Time (E.S.T.) on May 2, 2013.

Addresses

Comments on this proposal must be submitted electronically at www.regulations.gov. In submitting comments, please search for recent submissions by OMB to find docket OMB-2013-0001, which includes the full text of this proposal, and submit comments there. Comments will be most useful if they are presented in the same sequence and with the same section number as the section of this guidance to which they apply. Please also provide any information regarding the cost implications of any particular proposal. If you are submitting comments on behalf of an organization, please identify the organization, and if that organization represents a number of entities, please note the number of entities who endorse the organization's comments. Finally, the public comments received by OMB will be posted at http://www.regulations.gov (follow the search instructions on that Web site to view public comments). Accordingly, please do not include in your comments any confidential business information or information of a personal-privacy nature. To View This Proposal: The complete text of this proposal and a crosswalk of policy changes from the existing guidance are available on the OMB Web site at http://www.whitehouse.gov/omb/grants_docs under "Proposed Policies" and will also be available on www.regulations.gov by searching for docket number OMB-2013-0001, or, in hard copy, by contacting Victoria Collin of OMB at (202) 395-7791. Copies of the OMB Circulars that are discussed in this notice are available on OMB's Web site at http://www.whitehouse.gov/omb/circulars_default/.

Further Information

For general information, please contact Victoria Collin at (202) 395-7791. OMB will host an informational Web cast with the Council on Financial Assistance Reform and key stakeholders on Friday February 8th, 2013 at 11:00 a.m. EST available at www.cfoc.gov. More information on the Council on Financial Assistance Reform is available at www.cfo.gov/cofar.

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