Easily Remove Currency into the Cooperative Agreement

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How to Remove Currency into the Cooperative Agreement

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What is a cooperative agreement?

A legal instrument (award) of financial assistance between a sponsor and a recipient. The purpose is to transfer something of value to carry out a public purpose and not to acquire property or services. It is not cash, subsidy or a loan.

When was 2 CFR 200 last updated?

Displaying title 2, up to date as of 4/17/2023. Title 2 was last amended 3/01/2023.

What is a uniform guidance audit?

WHAT IS THE UNIFORM GUIDANCE AUDIT (UGA) Basically, the UGA is a compliance audit under Generally Accepted Government Auditing Standards, (GAGAS). It is a mandatory, annual audit that is designed to test whether your company complies with your grants terms and conditions.

What is the uniform guidance obligation?

The Uniform Guidance specifies that a non-Federal entity may charge to the Federal award only allowable costs incurred during the period of performance.

Are cooperative agreements subject to CAS?

(1) Cooperative agreements awarded to commercial firms are subject to the cost accounting standards and principles of 48 CFR Chapter 99, as implemented by FAR Parts 30 and 31.

What is the main purpose of the uniform guidance?

Uniform Guidance is a government-wide framework for grants management and provides an authoritative set of rules and requirements for federal awards. It is the foundation on which federal agencies develop their policies for grants and cooperative agreements.

What are OMBs uniform guidance rules?

In plain English, the Uniform Guidance is simply a set of authoritative rules and regulations about federal grants from the Office of Management and Budget (OMB). This guidance is designed to keep everyone in the federal grants community Congress, grant-making agencies, and applicants on the same page.

What did the uniform guidance replace?

This Uniform Guidance replaces the administrative, accounting, audit rules and principles currently promulgated in the OMB Circulars, including A-21, A-110, and A-133.

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