2013 - 4th Quarter

Grants Reform Update and the A-133 Audit

By Ryan Rapp, Associate Controller

Currently, the Office of Management and Budget (OMB) has not set a timeline for publishing the revised OMB Circulars, but have indicated they have an aggressive timeline for publishing the revisions with a goal to have a final version in December 2013.  We will provide more information to the University Research Community once finalized.  If you have questions about Grants Reform, please contact your campus sponsored programs office.

 The A-133 audit is underway for fiscal year 2013. We currently have eight major programs that are being audited, including Student Financial Aid, Research and Development, and other smaller programs. If you handle federally-funded sponsored projects you may be contacted for documentation to support expenditures charged to federal programs during fiscal year 2013. If you have questions, please contact your campus sponsored programs Office.

 As a friendly reminder, please ensure expenditures charged to federally-funded sponsored projects include only allowable costs and are in compliance with University and sponsor policies.

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