Description

The Office of Management and Budget Circulars are the foundation for the rules and regulations governing federal sponsored awards. In fact, many policies at our institutions are developed using the circulars as guidelines. Therefore, it is essential that anyone involved in research administration have at least a basic understanding of these circulars to ensure compliance and to provide sufficient stewardship of federal funds.

This workshop will highlight the most important aspects of Circulars A-21 and A-122 (the Cost Principles), A-110 and A-133. Included in the discussion will be allowable and unallowable costs, an overview of how the facilities and administrative cost rate is calculated, basic administrative requirements for managing federal funds and audit responsibilities of institutions which receive federal funds.

The workshop will provide practical solutions and suggestions for managing federal awards using the circulars through the use of case studies and interactive exercises.

Learning Objectives

• Participants will gain an understanding of the most relevant sections of the OMB Circulars governing the administration of federal awards at universities and nonprofits;
• Participants will use the circulars to examine real life issues in research administration;
• Participants will explore the life cycle of an award using the circulars.

Pre-Requisites

None

Program Level:

Overview