The Office of Management and Budget has released a document that describes proposed reforms to improve the way we administer grants and other types of Federal financial assistance. This grant reform proposal is entitled “Proposed Uniform Guidance: Cost Principles, Audit, and Administrative Requirements for Federal Awards.”
Specific measures in the proposal include:
- Harmonizing and streamlining all OMB guidance on grants from eight documents into one, while clarifying key differences for different entities;
- Simplifying the reporting requirements that grantees must adhere to in justifying salaries and wages charged to grants;
- Ensuring that Federal agencies better review financial risk posed by applicants and merits of an application before providing a grant;
- Providing guidance to ensure robust oversight of sub-recipients;
- Focusing more audit resources on preventing waste, fraud, and abuse; and
- Holding agencies accountable for getting results and addressing weaknesses among grant recipients.
OSP will review the proposed changes and provide input. Please let us know if you have questions. More to come. We will provide a summary soon. You are also welcome to join us in watching the webinar below.
The government committee involved in developing the recommendations (COFAR) will be holding a webcast for members of the grant community on grant reform on Friday February 8th from 11:00AM-12:00PM.
No advance registration is required.
HI BAND WMV URL mms://wms.200E.edgecastcdn.net/20200E/HUDWMPUSH
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