September 30, 2014

InFocus - OMB Guidance

The following update from Susan Cessac, Manager of Cost Analysis, Office of the Controller, was included in the InFocus - F&A Quarterly Newsletter released on September 26, 2014.

Sponsored Programs Update


The new Office of Management and Budget (OMB) Uniform Guidance will be effective December 26, 2014 and implementation will be applicable to new awards and incremental funding awarded on or after that date. The Controller’s office has prepared a Uniform Guidance Summary that provides information on several of the new requirements that will impact the University Research Community. The summary and links to federal websites with additional information on the Uniform Guidance are posted on the Controller’s website under the Cost Analysis division.

The A-133 audit is underway for fiscal year 2014. We currently have eight major programs that are being audited, including Student Financial Aid, Research and Development, and other smaller programs. If you handle federally-funded sponsored projects you may be contacted for documentation to support expenditures charged to federal programs during fiscal year 2014. If you have questions, please contact your campus Sponsored Programs Office or the Controller’s Office.

You may access the original InFocus post and leave a comment here.

The Office of Sponsored Programs Administration has put together a dedicated OMB Uniform Guidance page which includes a summary of key reforms, important dates to remember, and additional information and resources about the new guidance.  To access this page please visit http://research.missouri.edu/ospa/omb