OMB Uniform Guidance: Meeting the Standards for Documentation of Personnel Expenses
In December 2013, the Office of Management and Budget issued new Uniform Guidance, titled “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards1”, which was intended to streamline guidance and provide a government-wide framework for grants management. One of the most anticipated sections of this guidance related to the standards for documentation of personnel expenses – institutions had been awaiting additional clarification on whether “effort reporting” would be eliminated or changed significantly, as many had anticipated.
The new Guidance, which goes into effect no later than December 26, 2014, still requires that any compensation for personal services2 charged to Federal awards be based on the institution’s records, and those records must accurately reflect the work performed. However, there appears to be additional flexibility as to how an institution is able to meet the standards for documenting these expenses.
Click here for an outline of the key requirements for adequate documentation of personnel expenses, and how Huron’s ecrt solution enables institutions to easily meet these requirements.
1. 2 C.F.R. §200, which can be accessed via the www.ecfr.gov website.
2. Specific guidance on Compensation for Personal Services is included in §200.430.
Subscribe to Huron Insights
Sign Up to get all of the great Huron insights.Newsletter Subscriptions