Council Finance projects a mild recession and weak recovery, with tax revenues exceeding OMB's forecast but constrained by inflationary pressures. Despite economic challenges, FY23 tax collections are higher, driven by strong consumer spending and real estate activity.

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Effective grants compliance involves managing public funds efficiently to maximize research outcomes while avoiding fraud and mismanagement. Recipients have responsibilities like safeguarding assets, proper fund stewardship, and adhering to award terms. Compliance requirements include institutional

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Explore the importance of maturity models in assessing effectiveness and capabilities for improvement in the realm of accessibility. Delve into topics like defining success, standing up a 508 Office, and understanding OMB 508 Maturity Model. Discover how maturity models can enhance understanding and

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Ensure all descriptions of requirements in FPDS are clear, concise, and in plain English. Avoid using acronyms, abbreviations, or jargon. Describe accurately what is being purchased or modified. Be cautious of auto-populated information and ensure consistency with corresponding FPDS fields. Include

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Explore the relationship between FASAB, OMB, and Treasury in setting accounting standards for federal entities under U.S. GAAP. Learn about the issuance of financial reporting requirements, uniform chart of accounts, and definitions of accounts receivable and payable. Discover the guidance provided

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Guidelines for completing Space Budget Justifications and Rental Payments using Exhibit 54 for fiscal years 2024-2027. Access prepopulated templates for accuracy and efficiency. Ensure data accuracy and review. Detailed requirements provided in OMB Circular A-11, Section 54.

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Explore the process and requirements of single audits for federal fund compliance, including when they are required, the responsibilities involved, and the importance of OMB Compliance Supplement. Learn how single audits provide assurance to federal agencies about fund usage compliance and the stand

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The Federal Audit Executive Council's Data Act Working Group assists Inspector Generals in meeting oversight requirements. Established in 2015, it includes a Common Methodology Team and a Governance Team to ensure compliance. The teams work on soliciting feedback, developing audit guides, conducting

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The IG Empowerment Act provides beneficial provisions for Inspector Generals (IGs) such as exemptions from certain acts, including the Computer Matching Act and Paperwork Reduction Act. The Paperwork Reduction Act requires federal agencies, including IGs, to obtain OMB clearance before conducting su

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Navigating equity in procurement for small businesses in 2022 involves understanding legislative and regulatory updates, such as the National Defense Authorization Act and The Price Act. Executive actions and OMB memorandums are advancing equity by raising governmentwide contracting goals and implem

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Ohio Department of Transportation's audit supervisor, Diane Wright, discusses the importance of complying with timekeeping requirements for federally funded projects to be eligible for reimbursement. The content covers OMB Circular A-87, labor rates, employee activities, and timecard guidelines. LPA

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This presentation outlines the major policy changes in the government-wide requirements for auditing Federal awards under the Single Audit Act Amendments of 1996. It discusses the transition from OMB Circular A-133 to Subpart F-Audit Requirements in 2 CFR Part 200, focusing on targeting audit requir

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Effective audit follow-up procedures play a crucial role in enhancing the efficiency and accountability of government operations. OMB Circular A-50 outlines the responsibilities of agency management officials and auditors in addressing audit recommendations promptly. The congressional interest in en

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GSA's Exhibit 54 provides guidelines and tools to assist agencies in completing their Space Budget Justifications for annual rent payments. It includes information on rent estimates, anticipated inventory changes, and OMB fiscal year naming conventions. Access the OMB Circular A-11 Section 54 for de

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Laura Watson and Lynn Rhinehart from the Department of Labor, along with Lynn Overmann from the USDA, discuss the impact of eligibility criteria on equitable outcomes of awards. They also share innovative practices related to the recent Controller Alert and OMB guidance, emphasizing the inclusion of

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Major changes in OMB Circulars by the Federal Government will impact allowable expenses for administrative salaries and computers in upcoming awards to UNMHSC. Proper budget justification is key for successful proposals post-December 26, 2014. Direct charging for clerical staff and computing devices

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The Invoice Processing Platform (IPP) rollout and support training on November 2, 2017, aimed to introduce a secure, web-based service developed by the Department of the Treasury that facilitates cradle-to-grave government invoicing. The platform is integrated with the OFF 12.1.3 environment, mandat

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This training focuses on budget building for projects, emphasizing the importance of accurate estimation, monitoring financial activities, and adhering to federal regulations. Learn about direct costs, assigning costs, and OMB Circular A-21 for educational institutions.

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The Advisory Council for Research Administration held a Zoom meeting on 9/29/20 covering community and central office updates, COVID testing/compliance, research fundamentals, PI onboarding, Idle Project Hourly updates, and staffing changes. The meeting discussed important issues such as PI reminder

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Department of Labor's 2024 H-2A Worker Protection Final Rule brings key changes to the application forms ETA-790A and 9142A for the Temporary Agricultural Visa Program. The implementation timeline and transition procedures include important dates like the start date of OMB-approved form revisions an

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The Office of Management and Budget (OMB) and various agencies are seeking public input through Requests for Information (RFIs) on advancing equity and support for underserved communities. Examples include input on USDA programs, FEMA policies, National Library of Medicine opportunities, and more. P

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This content provides an overview of the president's authority over rulemaking, including the coordination of agencies and ensuring alignment with the administration's objectives. It also introduces acronyms like OMB and OIRA. The content highlights various Executive Orders related to rulemaking, su

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The content discusses the oversight updates and implementation progress related to the Digital Accountability and Transparency Act (DATA Act) of 2014. It covers the general requirements, oversight requirements, and the mission of the FAEC DATA Act Working Group in assisting the IG community. Key com

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The Uniform Guidance under 2 CFR 200 streamlines federal grant management regulations into one consolidated set of guidelines effective since December 26, 2014. It replaces eight OMB circulars and applies to federal agencies making awards and non-federal entities receiving them, including various go

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Proposal to add a FAR Subpart 42.15-like section to the MPC for recording Contractor Performance Information, in alignment with OMB guidance in 2 CFR Part 200. The history and importance of past performance evaluation in federal grants and agreements are highlighted, emphasizing the need for a struc

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The update entails the implementation status of the A-16 Portfolio Management Action Plan discussed at the National Geospatial Advisory Committee Meeting on June 6, 2013. Key points include GAO recommendations, team approach strategies, action plans, and the status of implementing these actions. Not

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