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OMB Grant Reform Standardizes Cost Principles
Posted by Michelle Spriggs on Wed, Jun 18, 2014 @ 09:08 AM

Cost principles for organizations that receive federal grants have traditionally existed in silos. Educational institutions, state and local governments and non-profit organizations faced different cost principle requirements under their respective Office of Management and Budget (OMB) Circulars. The OMB’s latest guidelines do away with the separation among the three entity types and merge them into one combined set of cost principles.

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Topics: Michelle Spriggs, OMB, cost principles

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