A Whole New World: OMB Publishes New Grants Reform Guidance

December 26, 2013 | By Jerry Ashworth | Post a Comment

gaia-shine-1158741-mJust like Aladdin and Jasmine sang in the Disney movie “Aladdin,” it’s “A Whole New World.” The Office of Management and Budget officially published the “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards” in today’s Federal Register.

OMB is trumpeting the new guidance, which combines the eight traditional OMB grants circulars into one overall guide, by saying it “significantly reforms and strengthens federal grantmaking to improve outcomes for the American people while reducing bureaucratic red tape. By streamlining eight federal regulations into a single, comprehensive policy guide, the government can better administer the $600 billion awarded annually for grants and other types of financial assistance by decreasing administrative burden for recipients and reducing the risk of waste, fraud and abuse.”

Along with the guidance, OMB has also published several documents that can help stakeholders better understand the changes. The following are available here:

  • Uniform Guidance Crosswalk from Predominant Source in Existing Guidance (29 pages)
  • Uniform Guidance Crosswalk to Predominant Source in Existing Guidance (9 pages)
  • Uniform Guidance Cost Principles Text Comparison (174 pages)
  • Uniform Guidance Audit Requirements Text Comparison (47 pages)
  • Uniform Guidance Definitions Text Comparison (76 pages)
  • Uniform Guidance Administrative Requirements Text Comparison (123 pages).

If you are looking for some holiday reading heading in to the new year, you may want to start getting familiar with the new requirements. This will be a learning experience for all of us as we prepare for federal agencies to adopt the guidance on Dec. 26, 2014. But don’t worry, we here at Thompson are working hard to make sure you have all the tools you need to stay compliant with these new requirements and are aware of the changes. Let Thompson be your magic carpet to carry you into this whole new world!

What is your reaction to the final version of the reform guidance? We like to hear from you.


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