The Office of Management and Budget released its grant reform regulations called the Uniform Grant Guidance. This guidance relates to administrative requirements, cost principles and audit requirements for federal awards, and was the outcome of one of President Obama’s goals to provide a government that is more, “…efficient, transparent, and creative.”
Led by sponsors Mary Lidstrom and Sue Camber, a cross-unit team (the Omni Guidance Core Team) has been assembled to discover and report on differences between past and new federal requirements including policy, procedure, and system changes. See the new Uniform Grant Guidance webpage for updates and federal and sponsor documentation. The effective date for most of the new regulation is 12/26/2014. It will be applicable for all new federal funds received on or after that date.