Presented by: Dan Parker/FHWA. Streamlines the language from eight OMB circulars to one consolidated set of guidance. The following have been combined.

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Presentation transcript:

Presented by: Dan Parker/FHWA

Streamlines the language from eight OMB circulars to one consolidated set of guidance. The following have been combined in this document:  A-21 Cost Principles for Educational Institutions  A-87 Cost Principles for State, Local and Indian Tribal Governments  A-89 Federal Domestic Assistance Program Information  A-102 Awards and Cooperative Agreements with State and Local Governments  A-110 Uniform Administrative Requirements for Awards and Other Agreements with Institutions of Higher Education, Hospitals and other Non-Profit Organizations  A-122 Cost Principles for Non-Profit Organizations  A-133 Audits of States, Local Governments and Non-Profit Organizations  A-50 Audit Follow-Up, (as related to Single Audits)

 Focuses Federal Resources on Improving Performance and Outcomes  Ensures Integrity of Federal Funds with Stakeholders  Effective December 26, 2014  Cancels 49 CFR Parts 18 and 19  Application and Policy Implementation 2 CFR 200- Introduction

 New Awards authorized on or after Dec 26, 2014  Project Modifications made on or after Dec 26, 2014  Audit Requirements – apply to audits of non- Federal entity fiscal years beginning on or after Dec 26, 2014

 Federal Award versus Contract  Federal Award ◦ Uniform Guidance requirements ◦ Subject to Single Audit Threshold  Contract ◦ Utilized to purchase property or services to carry out Award ◦ FAR requirements ◦ NOT subject to Single Audit Threshold Subpart A §

 Performance Measurement §  Greater Focus on Internal Controls §  Payments §  Period of Performance §  Greater Responsibilities for Sub-recipient Monitoring §  Project Closeout § thru § Subpart D §

 Performance Measurement ◦ Must relate financial data to performance accomplishments ◦ Demonstrate cost effective practices ◦ 23 U.S.C. 150 Federal-aid Highway Program Performance Management Measures ◦ Not applicable to FHWA Awards under Title 23 Chapter 1 ◦ Enhanced and Proactive Oversight Subpart D §

 Consider them Earlier in the Process  Provide Reasonable Assurance  Exercise Judgment - Appropriate and Cost Effective based on the circumstances  Safeguard Personally Identifiable Information (PII) Subpart D §

 CMIA Treasury/State Agreements minimize New Restrictions for Payments to States  23 U.S.C. 121 limits payments to costs incurred to date plus federal share of value of stockpiled material  Pass-through entities (State DOT) must: ◦ Allow sub-recipients to submit requests for reimbursement at least monthly ◦ Make payment within 30 calendar days after receipt of the billing Subpart D §

 Imposes a period when project costs can be incurred ◦ Start Date (Project Effective Authorization Date) through the End Date  Based on States Estimated Project Schedule  FMIS Requirements  Advance Construction Impacts Subpart D §

 Subawards include required data elements and requirements  Pre-award Risk Assessment  Risk Based Oversight Framework  Monitor the activities of the subrecipient Subpart D §

 90 days after the agreement end date recipient submits: ◦ All Eligible Incurred Costs ◦ Performance and Financial Reports ◦ Specified Project Records  Project Closure no later than 1 Year later Subpart D §

Subpart E § Generally Consistent with OMB A-87 or 2 CFR 225 Indirect Costs Negotiated Rates: one-time extension of up to 4 years Use ICAP – If the state or local government receives more than $35 million in Federal funds Use de minimus rate of 10% - If a non-Federal entity receives $35 million or less in total Federal awards (could be applied to sub-recipients such as LPAs) Narrative Cost Allocation Methods - Use of Appendix VII

 Generally Consistent with OMB A-133  Applicable to audits of non-Federal entity fiscal years beginning on or after Dec 26, 2014  Increased Threshold for Single Audits ◦ Increased from $500,000 to $750,000  Updated Single Audit Compliance Supplement Subpart F §

 § State  § Cost Sharing or Matching  Stockpile Material and Toll/Bridge Credits  § Program Income-  ROW Proceeds  § Procurements by States  State Policies and Procedures and Specific Methods  Sub-recipients 2 CFR 200- Deviations

 Project Agreement End Date  Impact of Period of Performance on AC Projects  Procurement by State and subrecipients  De minimis rate/definition of MTDC  Subrecipient monitoring requirements

2 CFR 200- Resources  2CFR200 URL idx?tpl=/ecfrbrowse/Title02/2cfr200_main_02.tpl  Council on Financial Assistance Reform (COFAR)  FHWA Policy and Guidance Center  2 CFR 200 Implementation Guidance