What is the OMB Circular?
PURPOSE: OMB Circulars and Bulletins are major tools used by the Executive Office of the President to exercise managerial and policy direction over Federal agencies. Circulars and Bulletins generally promote government effectiveness by providing uniform guidance to agencies.
Are OMB circulars still in effect?
Instructions or information issued by OMB to Federal agencies. These are expected to have a continuing effect of two years or more.
What does OMB mean?
Office of Management and Budget
The Office of Management and Budget (OMB) is the business division of the Executive Office of the President of the United States that administers the United States federal budget and oversees the performance of federal agencies.
What is OMB Circular No A 130?
OMB Circular A-130, titled Managing Information as a Strategic Resource, is one of many Government circulars produced by the United States Federal Government to establish policy for executive branch departments and agencies.
What is OMB stand for?
The Office of Management and Budget (OMB) serves the President of the United States in overseeing the implementation of his or her vision across the Executive Branch.
What replaced OMB Circular A-133?
2 CFR part 200
On December 26, 2013, OMB Circular A-133 was superseded by the issuance of 2 CFR part 200, subpart F. Among other things, those changes increased the audit threshold to $750,000 for auditee fiscal years beginning on or after December 26, 2014 and made changes to the major program determination process.
What is circular A-129 of the OMB Act?
OMB Circular A-129 governs unreturned amounts that become delinquent debts. (e) When authorized by the terms and conditions of the award, the Federal awarding agency shall make a settlement for any upward or downward adjustments to the Federal share of costs after closeout reports are received.
How is the allowability of costs determined in circular A-122?
The allowability of costs incurred by commercial organizations and those non-profit organizations listed in Attachment C to Circular A-122 is determined in accordance with the provisions of the Federal Acquisition Regulation (FAR) at 48 CFR part 31. ___.28 Period of availability of funds.
How long does it take for a circular to be effective?
Termination Review Date. This Circular will have a policy review three years from date of issuance. 9. Effective Date. The standards set forth in this Circular which affect Federal agencies will be effective 30 days after publication of the final revision in the Federal Register.
What is the purpose of the purposes and authority circular?
Purpose. This Circular sets forth standards for obtaining consistency and uniformity among Federal agencies in the administration of grants to and agreements with institutions of higher education, hospitals, and other non-profit organizations. 2. Authority.