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This Circular establishes principles for determining costs of grants, contracts and other agreements with non-profit organizations. It covers the definition, applicability, exclusion, and responsibilities of non-profit organizations, as well as the general principles, direct and indirect costs, and allocation methods.
31 sie 2005 · This document relocates OMB Circular A-122 to 2 CFR, subtitle A, chapter II, part 230. It establishes principles for determining costs of grants, contracts and other agreements with non-profit organizations, except for colleges, universities, governments and hospitals.
OMB Circular A-122 – Cost Principles for Nonprofit Organizations, Relocated to 2 CFR. OMB Circular A-125 – was rescinded and replaced by the Prompt Pay regulations at 5 CFR Part 1315
This document is the Code of Federal Regulations (CFR) for the cost principles for non-profit organizations that receive federal awards. It contains the Office of Management and Budget (OMB) circular A-122, which provides guidance and requirements for grant recipients and auditors.
Learn the cost principles for non-profit organizations that receive federal awards, such as direct and indirect costs, allocation methods, and allowable and unallowable items. This document is based on the official OMB Circular A-122 and provides examples and explanations.
26 gru 2013 · This document supersedes and streamlines OMB Circulars A-21, A-87, A-110, A-122, and others on administrative requirements, cost principles, and audit requirements for Federal awards. It applies to non-Federal entities receiving Federal funds and aims to reduce administrative burden and improve performance and accountability.
The Office of Management and Budget (OMB) recently amended the cost principles for federal grantees in OMB Circulars A-21, A-87, and A-122 in order to comply with the simplification objectives established in the Federal Financial Assistance Management Improvement Act (P.L. 106-107).
