Tag Archives: Office of Management and Budget

COFAR Disbandment and the 2 CFR 200 FAQs You Need to Know

On June 15, 2017, through Memorandum M-17-26, the Office of Management and Budget (OMB) disbanded the Council on Financial Assistance Reform (COFAR). Originally established in 2011, the COFAR was an interagency group of Executive Branch officials that coordinated financial assistance on grants and cooperative agreements, integrating the uniform grant guidance (2 CFR 200), as well as ideas and best practices among executive departments and agencies. Continue reading COFAR Disbandment and the 2 CFR 200 FAQs You Need to Know

Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards

On December 19, 2014, a number of U.S. national agencies and departments jointly published the interim final rules Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards: Federal Awarding Agency Regulatory Implementation. Continue reading Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards