UNIFORM GUIDANCE CODE

Cost PrinciplesĬost accounting standards pertain to all awards, federal or non-federal. This document lays the groundwork for fiscal policy created to support daily financial operations. The DS-2 describes the cost accounting practices that UCSD follows. UCSD satisfied this requirement with the disclosure statement (DS-2) submitted to the federal government in 1996. As a required element of UG, the University must disclose its cost accounting practices in writing to the federal government. UCSD must comply with the UG requirements to ensure the recovery of direct and indirect (F&A) costs. The effective date of the UG revisions is November 12, 2020.

The objectives of the most recent updates to the Uniform Guidance were to modernize reporting for federal grant recipients, reduce administrative burden, and to clarify areas of misinterpretations. Implementation of the Uniform Guidance became effective on Decem(79 FR 75867, December 19, 2014) and must be reviewed every five years in accordance with 2 CFR 200.109. The intent of this effort was to simultaneously reduce administrative burden and the risk of waste, fraud, and abuse while delivering better performance on behalf of the American people.

UNIFORM GUIDANCE CODE

In 2013, OMB partnered with the Council of Financial Assistance Reform (COFAR) to revise and streamline guidance to develop the Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) located in title 2 of the Code of Federal Regulations (2 CFR part 200) (79 FR 78589 December 26, 2013). OMB Uniform Guidance (UG) at 2 CFR part 200 is the abbreviated title for Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR part 200), which supersedes OMB Circulars A-21, A87, A-102, A-110, A-122, and A-133, and the guidance in Circular A-50 on Audit Followup. UCSD generally applies these same cost principles to non-federal funding as well, although in some cases non-federal sponsors define costs differently than federal sponsors. These principles govern costs that may be charged either directly or indirectly to the government by educational institutions. OMB Uniform GuidanceĪnyone authorizing the expenditure of federal funds must have a working understanding of the underlying cost principles as set forth in OMB Uniform Guidance. Non-compliance may result in financial penalties for UCSD and could affect our ability to qualify for federal funds. This is a key component of compliance with federal regulations. To avoid problems of fraud, waste, and abuse of sponsor supportįormal cost accounting standards as set forth by the federal government and institutional fiscal policy help set the appropriate fiscal protocols for researchers and the University.To make the best use of available funds to achieve research outcomes.The objectives of good fiscal management are twofold: Institutions and researchers must comply with externally imposed requirements related to the management of research funds. The links to the federal websites (below) provide additional resources and information regarding the UGG.Find out about the OMB Uniform Guidance and Cost Accounting Standards, major components of fiscal compliance. NJDOE will provide more information as it becomes available, and more detailed guidance as it is developed. The new rules are located in Title 2 of the Code of Federal Regulations (2 CFR Chapter I and Chapter II, Parts 200, et al.) and are referred to in the Federal Register as the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards As such, the new guidance consolidates and supersedes the requirements in OMB Circulars A-21, A-50 (Single Audit), A-87, A-89, A-102, A-110, A-122 and A-133. The stated purpose of the new UGG is to streamline and consolidate eight OMB circulars, with some revisions to the requirements with the goal being to reduce administrative burdens, increase flexibility, and improve program outcomes. As stated in the guidance, the new UGG requirements do not apply to grant funds awarded prior to Decemunless the funds are carried forward into a new federal fiscal year or awarded through a continuation grant. These federal requirements became effective for new and continuation federal awards issued on or after December 26, 2014. Department of Education published the new Uniform Grant Guidance (UGG).

Uniform guidance