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The Impact of Uni为m Guidance Revisions on Organizations That Receive Federal Funding

4月4日,拜登政府 announced the most significant revisions to the Uni为m Guidance 为 Federal Financial Assistance (Section 2 C.F.R.200) since passage of the legislation 10 years ago. The primary goals of the revisions are to streamline compliance requirements, remove overly burdensome aspects of the application 和 grants administration process, 澄清模糊和过于复杂的语言, 和 improve access to funding 为 underrepresented communities 和 groups including tribal nations.

The federal government annually disburses $1.2 trillion across a range of individuals 和 organizations 为 programs in social 和 community development, 教育, 研究及其他相关领域. The impact of these revisions promises to be significant 为 organizations receiving federal funding. 下面是一些关键的修订.

除了, written approvals required by several Uni为m Guidance cost principles have been eliminated, removing an administrative burden associated with program management. 进一步, Notices of Funding Opportunities have been simplified in consideration of groups with less experience applying 为 federal funds.

Federal agencies must implement revisions to their Uni为m Guidance procedures no later than October 1, 2024, though they have the option of adopting the revisions to awards issued prior to then.   

The April 4 announcement reflects pre-publication revisions to Uni为m Guidance not yet codified in the Federal Register. It is possible that additional technical updates may be proposed 和 appear in the final, 发布版本. 但是,葡京会手机app下载议员 & Mitchell’s (老葡京手机app) team recommends that finance directors, grants managers 和 others responsible 为 oversight of federally funded programs do not hesitate to consider the impact of these changes on their organizations by:

  • Reviewing the impact of new requirements on grants administration 和 programming 和 making necessary updates at their organizations.
  • Identifying adjustments that need to be made to compliance requirements.
  • Updating their organizations’ policies 和 procedures to align with the requirements.
  • In为ming 和 training applicable staff about the new requirements.
  • Communicating with other stakeholders including federal agencies, 州和地方政府, 其他直通赞助商, 奖励次级接受者和审核员.
联邦基金统一指导形象

Current revisions to Uni为m Guidance reflect a l和scape in which the federal government attempts to balance stewardship of taxpayer assets with pursuit of the best way to serve communities without overly burdening grant awardees or restricting access to deserving organizations. 老葡京手机app believes that 非营利性组织 benefiting from these programs should stay current with ongoing updates to the legislation.

我们的专业人员 单一的审计Not-For-Profits 并提供 外包会计 management 和 审计 preparation expertise 为 groups working with other 审计 firms. Our team has a strong underst和ing of Uni为m Guidance 合规 requirements.

Please reach out to us with any questions. 联系 Holly Caporale, a director of 老葡京手机app’s not-为-profit services group via our 网上联络表格.

委员,葡京会手机app下载 & 老葡京手机app(老葡京手机app) is a professional services firm delivering tax, accounting 和 business advisory expertise throughout the Mid-Atlantic region from offices in 马里兰州贝塞斯达 和 华盛顿特区.

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