2 CFR Explained

Plain English Guide to Federal Grant Compliance Requirements

Federal regulations can be difficult to understand. We provide plain English summaries alongside the official regulatory text to help grant-funded organizations understand their compliance obligations under 2 CFR Part 200.

Total Sections: 180
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Source Date: 2024-01-15
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Last Updated: October 16, 2025 at 10:37 AM
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§ 200.0 Acronyms. Section 200.0 defines various acronyms related to federal regulations and funding, such as CAS (Cost Accounting Standards) and CFR (Code of Federal Regulations). This section affects entities involved in federal funding and compliance, including educational institutions and government agencies.
§ 200.1 Definitions. The following is a list of definitions of key terms frequently used in 2 CFR part 200. Definitions found in Federal statutes or regulations that apply...
§ 200.100 Purpose. Section 200.100 outlines the purpose of establishing uniform rules for managing Federal awards, including administrative requirements, cost principles, and audit standards. It affects Federal agencies and recipients of Federal financial assistance by ensuring consistent practices and transparency in the management and reporting of these funds.
§ 200.101 Applicability. Section 200.101 outlines that Federal agencies must apply specific regulations (subparts A through F) to non-Federal entities receiving Federal awards, and may also apply them to other entities unless stated otherwise. It emphasizes consistent application of these requirements and clarifies that terms like "must," "should," and "may" indicate varying levels of obligation.
§ 200.102 Exceptions. Section 200.102 allows the Office of Management and Budget (OMB) and Federal agencies to grant exceptions to certain requirements for classes of Federal awards, recipients, or subrecipients, particularly in innovative or emergency situations. These exceptions can be made without OMB approval if mandated by Federal statutes, and agencies can also provide case-by-case exceptions, especially regarding cost allocation plans.
§ 200.103 Authorities. Section 200.103 outlines the legal authorities that enable various parts of the regulations, specifically citing multiple federal laws related to financial management, grants, and audits. It affects federal agencies and organizations involved in federal funding and financial oversight.
§ 200.104 Supersession. Section 200.104 states that this part replaces earlier OMB guidance and certain circulars about uniform rules for managing federal awards, including administrative requirements, cost principles, and audit standards. It affects organizations and entities that receive federal funding.
§ 200.105 Effect on other issuances. Section 200.105 states that for Federal awards, this part takes priority over any conflicting administrative materials unless required by law. It also specifies that agencies can only impose binding requirements on recipients through public notice or by including them in the award terms.
§ 200.106 Agency implementation. Section 200.106 outlines that Federal agencies must follow specific rules when awarding funds to non-Federal entities, ensuring compliance with certain regulations unless exceptions are allowed by law or approved by the Office of Management and Budget (OMB). This affects Federal agencies, non-Federal entities, and their recipients and subrecipients.
§ 200.107 OMB responsibilities. OMB is responsible for reviewing federal agency regulations and ensuring they are implemented effectively and consistently. Any exceptions to these regulations must be approved by OMB with proper justification from the agency.
§ 200.108 Inquiries. Section 200.108 states that federal agencies should direct inquiries about this part to the Office of Management and Budget (OMB), while recipients or subrecipients should contact the relevant federal agency or pass-through entity for their questions. This affects federal agencies and those receiving federal funds.
§ 200.109 Review date. Section 200.109 states that the Office of Management and Budget (OMB) will periodically review this regulation. This affects organizations and agencies that must comply with these federal guidelines.
§ 200.110 Effective date. Section 200.110 states that the standards for managing Federal awards take effect when Federal agencies implement them or when amendments are finalized. Existing indirect cost rates will stay valid until they expire, and any changes to these rates will take effect based on the timing of new negotiations for the recipient's fiscal year.
§ 200.111 English language. Section 200.111 requires that all Federal financial assistance documents be in English and in U.S. dollars, but allows for translations to other languages to broaden applicant participation. If there are inconsistencies between English and another language, the English version prevails, and awards may be provided in both English and a more familiar language if many employees are not fluent in English.
§ 200.112 Conflict of interest. Federal agencies are required to create conflict of interest policies for federal awards. Recipients or subrecipients must disclose any potential conflicts in writing to the relevant federal agency or pass-through entity.
§ 200.113 Mandatory disclosures. Section 200.113 requires applicants, recipients, and subrecipients of Federal awards to promptly report any credible evidence of violations related to fraud, conflict of interest, or bribery to the relevant Federal agency and other parties. Failure to disclose such information may lead to penalties or remedies as outlined in the regulations.
§ 200.200 Purpose. Section 200.200 outlines that the following sections (200.201 to 200.217) provide guidelines for Federal agencies on how to plan, announce, apply for, and award programs. This affects Federal agencies involved in these processes.
§ 200.201 Use of grants, cooperative agreements, fixed amount awards, and contracts. Section 200.201 outlines how federal agencies or pass-through entities must choose the appropriate type of agreement for federal awards, such as grants or contracts. It specifies that fixed amount awards can be used when projects have clear goals and measurable outcomes, with payments based on performance rather than actual costs, while still requiring record retention and audit compliance from recipients.
§ 200.202 Program planning and design. Section 200.202 requires Federal agencies to design programs with clear goals and measurable performance before announcing funding opportunities. It emphasizes community engagement in the design process and encourages collaboration with other agencies to ensure programs align with broader strategic objectives and extend eligibility to potential applicants.
§ 200.203 Requirement to provide public notice of Federal financial assistance programs. Section 200.203 requires federal agencies to maintain an accurate list of federal financial assistance programs in the Assistance Listings at SAM.gov. This affects agencies by ensuring they provide clear, consistent, and accessible information about their programs to the public, including details on program goals, funding amounts, and whether awards are discretionary or non-discretionary.
§ 200.204 Notices of funding opportunities. Federal agencies must publicly announce funding opportunities that are open to all eligible applicants, not just specific individuals or groups. These announcements should be clear and concise, accessible to diverse communities, and include essential details like the agency name, funding title, and amount available, while also offering support resources for potential applicants.
§ 200.205 Federal agency review of merit of proposals. Federal agencies must create a merit review process for evaluating applications for discretionary Federal awards, aiming to select recipients likely to succeed based on program goals. This process should include diverse participants and be detailed in the funding opportunity announcements, with agencies required to review their processes periodically.
§ 200.206 Federal agency review of risk posed by applicants. Section 200.206 requires federal agencies to review applicants' eligibility and financial integrity using designated government databases before awarding federal funds. This affects organizations seeking federal awards, as agencies must assess their qualifications and risks to ensure responsible use of taxpayer money.
§ 200.207 Standard application requirements. Section 200.207 outlines that federal agencies must use application information collections approved by the Office of Management and Budget (OMB) under the Paperwork Reduction Act. This affects applicants for federal awards, as they must provide specific forms and may be informed that some information is already collected elsewhere.
§ 200.208 Specific conditions. Section 200.208 outlines that federal agencies must ensure that specific conditions for federal awards align with program goals and can adjust these conditions based on factors like compliance history and financial capability. It affects recipients and subrecipients by detailing potential requirements, such as reimbursement payments and additional reporting, and mandates that agencies inform them about any imposed conditions and how to address them.
§ 200.209 Certifications and representations. Federal agencies can require recipients of federal awards to submit annual certifications and representations, and more often if they don't meet requirements. If a recipient gets an exception, they must submit a specific assurance form.
§ 200.210 Pre-award costs. Section 200.210 states that applicants can find rules about costs incurred before the official start date of a Federal award in § 200.458. This affects organizations applying for Federal funding.
§ 200.211 Information contained in a Federal award. Section 200.211 requires Federal awards to include specific performance goals and general information such as the recipient's name, unique identifiers, funding amounts, and performance dates. This section affects recipients of Federal funding by ensuring they have clear guidelines and expectations for their awards.
§ 200.212 Public access to Federal award information. Federal agencies must publish information about federal awards on USAspending.gov, following specific guidelines. Most records on SAM.gov will be publicly available after 14 days, with some exceptions, and this section does not require publishing information exempt from the Freedom of Information Act.
§ 200.213 Reporting a determination that an applicant is not qualified for a Federal award. Federal agencies must report in SAM.gov if they deny a Federal award to an applicant due to insufficient qualifications based solely on past performance or integrity issues, provided the award's total Federal share exceeds a certain threshold. The agency must also notify the applicant of this determination, which will be recorded for five years and considered by other agencies in future award decisions.
§ 200.214 Suspension and debarment. Section 200.214 states that recipients and subrecipients must follow rules that prevent certain individuals or entities from receiving federal funds if they are debarred or suspended. This affects anyone involved in federal awards, ensuring that only eligible parties can participate.
§ 200.215 Never contract with the enemy. Section 200.215 prohibits federal agencies, recipients, and subrecipients from contracting with entities considered enemies during specific operations. This rule applies to contracts, grants, and agreements over $50,000 that are performed outside the U.S. in support of military operations where U.S. forces are involved in hostilities.
§ 200.216 Prohibition on certain telecommunications and video surveillance equipment or services. Section 200.216 prohibits recipients of federal loan or grant funds from purchasing or renewing contracts for certain telecommunications and video surveillance equipment or services from specific companies, including Huawei, ZTE, and others linked to national security concerns. This affects organizations that receive federal funding, ensuring they do not use these funds for equipment deemed a security risk.
§ 200.217 Whistleblower protections. Employees of organizations receiving federal contracts or grants are protected from being fired, demoted, or discriminated against for reporting suspected misconduct, waste, or violations related to those contracts or grants. These organizations must inform their employees in writing about their whistleblower rights and protections.
§ 200.300 Statutory and national policy requirements. Section 200.300 requires Federal agencies and pass-through entities to manage Federal awards in compliance with U.S. laws, ensuring programs respect constitutional rights and do not discriminate based on sex, sexual orientation, or gender identity. This section affects recipients and subrecipients of Federal funding by mandating adherence to these legal and ethical standards.
§ 200.301 Performance measurement. Section 200.301 requires federal agencies to measure the performance of recipients to ensure they meet program goals and objectives, communicate expectations clearly, and report on outcomes. This affects organizations receiving federal funding, as they must track and report their progress according to established metrics and participate in evaluations as specified in their awards.
§ 200.302 Financial management. Section 200.302 requires states to manage and account for federal awards according to their laws, ensuring financial systems track expenditures and comply with federal regulations. This affects state recipients and subrecipients by mandating accurate reporting and record-keeping for all federal funds received and spent.
§ 200.303 Internal controls. Section 200.303 requires recipients and subrecipients of Federal awards to establish and maintain effective internal controls to ensure compliance with Federal laws and award conditions. This section affects organizations receiving Federal funding, mandating them to monitor compliance, address noncompliance promptly, and protect sensitive information.
§ 200.304 Bonds. Section 200.304 states that if the Federal Government guarantees loans for a recipient, the agency can require additional bonding and insurance to protect its interests. This applies to recipients lacking adequate coverage, and any required bonds or insurance must come from companies authorized by the U.S. Department of Treasury.
§ 200.305 Federal payment. Section 200.305 outlines the rules for federal payments to states and other recipients. It requires that payments minimize delays between fund transfers and disbursements, mandates advance payments for recipients who demonstrate proper financial management, and emphasizes timely payments to contractors.
§ 200.306 Cost sharing. Section 200.306 states that voluntary cost sharing is not required for Federal research grants and should not influence merit reviews unless specified. It affects recipients of Federal awards, outlining that cost sharing funds must be verifiable, not used for other awards, necessary for the project, and included in the approved budget, among other criteria.
§ 200.307 Program income. Section 200.307 encourages recipients of federal awards to earn program income to help cover costs, which must be used for the award's original purpose. The income can be applied in three ways—deduction, addition, or cost-sharing—depending on the federal agency's guidelines, and it must be spent before requesting more federal funds.
§ 200.308 Revision of budget and program plans. Section 200.308 outlines the process for revising approved budgets and program plans for federal awards. Recipients or subrecipients must report any deviations from the approved budget and seek prior approval for revisions, which federal agencies must review and respond to within 30 days.
§ 200.309 Modifications to Period of Performance. Section 200.309 states that if a federal agency approves an extension of a federal award, the performance period will be adjusted to reflect the new end date. If the award is terminated, the performance period will end on the termination date, and a new award starts a new performance period. This affects recipients of federal awards and their timelines for project completion.
§ 200.310 Insurance coverage. Section 200.310 requires that organizations receiving federal funds must insure real property and equipment purchased or improved with those funds at least to the same level as their own property. Federally owned property does not need insurance unless specified in the federal award terms.
§ 200.311 Real property. Section 200.311 states that real property acquired with federal funds belongs to the recipient or subrecipient and must be used for its intended purpose as long as needed. When the property is no longer needed, the recipient must follow federal instructions for its disposition, which may include compensating the federal agency if they retain ownership.
§ 200.312 Federally owned and exempt property. Section 200.312 states that federally owned property remains under the Federal Government's title, requiring recipients to submit an annual inventory and request disposal instructions when the property is no longer needed. Exempt property can be transferred to recipients without further Federal responsibility only if allowed by law and specified in the award terms; otherwise, the title stays with the Federal Government.
§ 200.313 Equipment. Section 200.313 states that equipment acquired with federal funds belongs to the recipient or subrecipient but comes with conditions, including using it for the project's intended purpose and obtaining approval before disposing of it. This section affects recipients like states and Indian Tribes, requiring them to manage and dispose of the equipment according to their laws or the specified federal guidelines.
§ 200.314 Supplies. Section 200.314 states that recipients or subrecipients of Federal awards own supplies acquired under the award and can keep or sell unused supplies valued over $10,000 at the end of the performance period, with some compensation owed to the Federal agency. Additionally, these supplies cannot be used to provide services for a fee lower than what a private company would charge, as long as the Federal Government has an interest in them.
§ 200.315 Intangible property. Section 200.315 states that intangible property acquired under a Federal award belongs to the recipient or subrecipient, who must use it for its intended purpose and cannot encumber it without approval. Recipients can copyright their work but must allow the Federal agency to use it freely, and they must provide research data upon request, especially if it relates to published findings used by the Federal Government.
§ 200.316 Property trust relationship. Section 200.316 states that property obtained or enhanced with federal funds must be held in trust by the recipient for the project's beneficiaries. Federal agencies may require documentation to show that the property is subject to specific use and disposal rules.
§ 200.317 Procurements by States and Indian Tribes. States and Indian Tribes must use their own procurement policies for Federal awards, or follow specific federal standards if they don't have their own. All other recipients and subrecipients must also adhere to these federal procurement standards.
§ 200.318 General procurement standards. Section 200.318 requires recipients and subrecipients of federal awards to have documented procurement procedures that comply with applicable laws and ensure oversight of contractors. It also mandates written standards to prevent conflicts of interest among employees involved in contract management, prohibiting them from participating in contracts where they have a personal financial interest.
§ 200.319 Competition. Section 200.319 requires that all procurement transactions under federal awards promote full and open competition, ensuring fairness and objectivity. It affects recipients and subrecipients by mandating written procedures that prevent conflicts of interest and unreasonable qualifications, while allowing for clear descriptions of technical requirements without overly restrictive specifications.
§ 200.320 Procurement methods. Section 200.320 outlines three procurement methods: informal (for small purchases), formal (sealed bids or proposals), and noncompetitive. Recipients and subrecipients must follow documented procedures for these methods, ensuring compliance with federal standards, affecting organizations that receive federal funds.
§ 200.321 Contracting with small businesses, minority businesses, women's business enterprises, veteran-owned businesses, and labor surplus area firms. Section 200.321 encourages recipients of federal funds to actively include small businesses, minority-owned businesses, women-owned businesses, veteran-owned businesses, and firms from labor surplus areas in their contracting processes. This means they should consider these businesses in solicitations, divide contracts to allow more participation, set delivery schedules that support them, and require contractors to do the same with their subcontracts.
§ 200.322 Domestic preferences for procurements. Section 200.322 encourages recipients of federal funds to prioritize purchasing U.S.-made goods and materials, especially for infrastructure projects. This requirement applies to all contracts and subawards related to federal assistance, affecting organizations and businesses involved in these procurements.
§ 200.323 Procurement of recovered materials. Section 200.323 requires State agencies and their contractors to follow federal guidelines for purchasing products with recovered materials, ensuring they buy items with the highest recycled content when costs exceed $10,000. It also encourages the purchase of sustainable and reusable products to minimize waste and promote environmental efficiency.
§ 200.324 Contract cost and price. Section 200.324 requires recipients or subrecipients to conduct a cost or price analysis for all procurement transactions over a certain threshold, considering factors like workforce impacts. They must make independent cost estimates before bids and cannot use certain contracting methods, ensuring compliance with federal cost principles.
§ 200.325 Federal agency or pass-through entity review. Section 200.325 requires that recipients or subrecipients of federal awards submit their procurement specifications for review by the federal agency or pass-through entity when requested. This review ensures compliance with procurement standards, especially for significant purchases or specific conditions, affecting organizations that receive federal funding.
§ 200.326 Bonding requirements. Section 200.326 outlines bonding requirements for construction or facility improvement contracts exceeding a certain financial threshold. It affects federal agencies and pass-through entities, requiring them to ensure adequate protection of federal interests, and mandates that contractors provide bid guarantees, performance bonds, and payment bonds, each equal to 100% of the contract price.
§ 200.327 Contract provisions. Contracts for recipients or subrecipients must include specific provisions outlined in Appendix II of this section. This requirement affects organizations receiving federal funds.
§ 200.328 Financial reporting. Section 200.328 outlines the requirements for financial reporting by recipients of federal awards, mandating that only OMB-approved data elements be used and that reports be submitted at least annually, with specific deadlines based on the reporting frequency. This affects federal agencies and pass-through entities, as well as recipients and subrecipients, by establishing clear timelines for report submissions and allowing for extensions under certain conditions.
§ 200.329 Monitoring and reporting program performance. Section 200.329 outlines the responsibilities of recipients and subrecipients in monitoring and reporting on Federal awards. They must ensure compliance and performance expectations are met, report on program performance using approved methods, and provide relevant financial and cost information to demonstrate effectiveness, impacting organizations receiving Federal funding.
§ 200.330 Reporting on real property. Section 200.330 requires recipients or subrecipients of federal funds to submit annual reports on real property that the federal government has an interest in. For properties with a federal interest lasting 15 years or more, reports may be required every few years, but not exceeding five years, using only approved government data elements.
§ 200.331 Subrecipient and contractor determinations. Section 200.331 outlines how entities receiving Federal funds can be classified as either subrecipients or contractors, depending on their role in managing the funds. Pass-through entities must assess each relationship individually, focusing on the nature of the work rather than the agreement's form, affecting how Federal assistance is distributed and monitored.
§ 200.332 Requirements for pass-through entities. Section 200.332 requires pass-through entities to verify that subrecipients are eligible for federal funding and to clearly identify subawards with specific information, such as the subrecipient's name, federal award details, and funding amounts. This affects organizations that distribute federal funds to ensure compliance and transparency in funding processes.
§ 200.333 Fixed amount subawards. Section 200.333 allows recipients of federal funds to give subawards up to $500,000 as fixed amounts, but they need prior written approval from the federal agency and must comply with specific requirements. This affects organizations that receive federal grants and plan to distribute funds to others.
§ 200.334 Record retention requirements. Recipients and subrecipients of Federal awards must keep all related records for three years after submitting their final financial report, or longer if there are ongoing audits or litigation. This includes financial and supporting documents, and specific rules apply for records related to property, program income, and indirect costs.
§ 200.335 Requests for transfer of records. Federal agencies must request the transfer of records with long-term value from recipients or subrecipients, but they can allow these entities to keep the records as long as they remain accessible to the Federal Government. This affects organizations that receive federal funds and manage records.
§ 200.336 Methods for collection, transmission, and storage of information. Section 200.336 requires federal agencies and recipients of federal awards to collect, transmit, and store information in open, machine-readable formats when possible. It also allows for paper versions upon request but prohibits requiring extra copies, and permits electronic versions of original records with quality control measures to ensure they remain unaltered and readable.
§ 200.337 Access to records. Section 200.337 grants federal agencies and their representatives the right to access records of recipients and subrecipients related to federal awards for audits and official purposes. It also includes provisions for protecting the identities of crime victims, stating that access to such information is rare and requires approval, while the right to access records lasts as long as they are retained.
§ 200.338 Restrictions on public access to records. Federal agencies cannot restrict public access to records related to federal awards, except for sensitive information that can be kept confidential. This affects recipients and subrecipients of federal funds, who are not required to allow public access to their records unless mandated by law.
§ 200.339 Remedies for noncompliance. Section 200.339 outlines actions that federal agencies or pass-through entities can take if recipients or subrecipients fail to comply with federal laws or award conditions. These actions include withholding payments, disallowing costs, suspending or terminating awards, initiating debarment proceedings, and withholding future funding.
§ 200.340 Termination. Section 200.340 outlines the conditions under which a Federal award can be terminated, affecting recipients and subrecipients. Termination can occur due to non-compliance, mutual consent, or a recipient's request, and must be clearly specified in the award's terms. If a Federal agency terminates an award for non-compliance, it must report this in SAM.gov.
§ 200.341 Notification of termination requirement. Section 200.341 requires federal agencies or pass-through entities to give written notice to recipients or subrecipients when terminating a federal award, including reasons and effective dates. If the termination is due to noncompliance, it must be reported on SAM.gov for five years, affecting future eligibility for federal awards, and allowing recipients to comment on the information.
§ 200.342 Opportunities to object, hearings, and appeals. Section 200.342 requires federal agencies to have written procedures for handling objections, hearings, and appeals related to noncompliance actions. It ensures that recipients can contest these actions and mandates compliance with relevant statutes or regulations regarding hearings and appeals.
§ 200.343 Effects of suspension and termination. Section 200.343 states that costs incurred by recipients or subrecipients during a suspension or after the termination of a Federal award are generally not allowed unless authorized by the Federal agency. However, costs incurred before the suspension or termination, and that would have been allowable if the award had continued, can be accepted.
§ 200.344 Closeout. Section 200.344 outlines the closeout process for Federal awards, requiring recipients to complete all necessary reports and financial obligations within specified timeframes—120 days for recipients and 90 days for subrecipients after the award period ends. This section affects Federal agencies, pass-through entities, recipients, and subrecipients by ensuring all administrative actions are finalized before closing out the award.
§ 200.345 Post-closeout adjustments and continuing responsibilities. Section 200.345 states that closing a Federal award does not eliminate the Federal agency's or pass-through entity's rights to audit costs, recover funds, or make financial adjustments. It also emphasizes that recipients or subrecipients must continue to meet certain responsibilities, including returning funds and adhering to audit and property management requirements, even after the award is closed.
§ 200.346 Collection of amounts due. Section 200.346 states that if a recipient or subrecipient receives more Federal funds than they are entitled to, they owe that excess amount back to the Federal Government. Federal agencies are required to collect these debts following specific administrative guidelines.
§ 200.400 Policy guide. Section 200.400 outlines that recipients and subrecipients of Federal awards must manage funds efficiently and in compliance with Federal regulations. They are responsible for proper accounting and documentation of costs, ensuring that any profit from Federal assistance is only kept if specifically allowed.
§ 200.401 Application. Section 200.401 outlines that recipients and subrecipients of Federal awards must apply specific cost principles to determine allowable costs and pricing for contracts, but these principles do not apply to certain funding types like loans or fixed amount awards. Additionally, Federal contracts must adhere to Cost Accounting Standards (CAS), which take precedence over these cost principles for determining allowable costs.
§ 200.402 Composition of costs. Section 200.402 states that the total cost of a Federal award includes all allowable direct costs and allocable indirect costs, minus any applicable credits. This affects organizations receiving Federal funding, as they must account for these costs when managing their awards.
§ 200.403 Factors affecting allowability of costs. Section 200.403 outlines the criteria for costs to be allowable under Federal awards, requiring them to be necessary, reasonable, and properly documented, among other conditions. This affects recipients of Federal funding, ensuring they adhere to specific guidelines for cost management and reporting.
§ 200.404 Reasonable costs. Section 200.404 defines a cost as reasonable if it aligns with what a sensible person would spend under similar circumstances. It affects recipients and subrecipients of federal awards by requiring them to consider factors like necessity, market prices, legal requirements, and adherence to their own policies when determining if a cost is appropriate.
§ 200.405 Allocable costs. Section 200.405 outlines how costs can be allocated to Federal awards, stating that costs must be directly related to the award, benefit both the award and other work, or be necessary for overall operations. It affects recipients and subrecipients of Federal funds by specifying that costs cannot be charged to multiple awards to avoid restrictions, and indirect costs must be appropriately allocated among all benefiting activities.
§ 200.406 Applicable credits. Section 200.406 defines "applicable credits" as transactions that reduce costs related to a Federal award, such as discounts or refunds. Recipients must apply these credits to the Federal award as cost reductions or refunds, and certain amounts received from the Federal Government may also be considered applicable credits in calculating charges to the award.
§ 200.407 Prior written approval (prior approval). Section 200.407 requires recipients of Federal awards to obtain prior written approval from the Federal agency for certain costs to ensure they are reasonable and allocable. This affects organizations receiving Federal funding, as failure to seek approval for specific costs may lead to disputes or disallowance of those costs later on.
§ 200.408 Limitation on allowance of costs. Section 200.408 states that costs charged to a Federal award must not exceed the limits set by law. Only expenses within these legal limits can be billed to the Federal funding.
§ 200.409 Special considerations. Section 200.409 outlines special considerations and requirements for states, local governments, Indian Tribes, and institutions of higher education (IHEs) regarding costs. It specifies that certain cost provisions apply only to specific types of recipients and subrecipients, as detailed in subsequent sections.
§ 200.410 Collection of unallowable costs. Section 200.410 requires that any payments made for costs deemed unallowable by a federal agency or pass-through entity must be refunded with interest to the federal government. This affects organizations receiving federal funds, as they must follow specific instructions for repayment unless otherwise directed by law.
§ 200.411 Adjustment of previously negotiated indirect cost rates containing unallowable costs. Section 200.411 requires adjustments or refunds for previously negotiated indirect cost rates that included unallowable costs, affecting recipients and subrecipients of federal awards. These adjustments must be made for both future and past periods, ensuring compliance with federal regulations and preventing duplicate recovery of costs.
§ 200.412 Classification of costs. Section 200.412 states that costs can be classified as either direct or indirect depending on the specific service or function, and they must be treated consistently to prevent double-charging Federal awards. This affects organizations receiving Federal funding, as they need to follow the guidelines for classifying costs correctly.
§ 200.413 Direct costs. Section 200.413 defines direct costs as expenses that can be specifically linked to a Federal award or funded activity, while indirect costs are those that cannot be directly assigned. It primarily affects organizations receiving Federal funding, guiding them on how to categorize costs, especially regarding administrative salaries and minor expenses.
§ 200.414 Indirect costs. Section 200.414 outlines how major institutions of higher education and nonprofit organizations must categorize their indirect costs into "Facilities" and "Administration." It affects these organizations by requiring them to classify costs like building maintenance and general administrative expenses, ensuring consistency in how federal funding is managed and reported.
§ 200.415 Required certifications. Section 200.415 requires that financial reports related to federal awards include a signed certification from an authorized official, affirming the accuracy and completeness of the information provided. This applies to both the primary recipients and subrecipients of federal funds, ensuring accountability and legal compliance in financial reporting.
§ 200.416 Cost allocation plans and indirect cost proposals. Section 200.416 outlines how states, local governments, and Indian Tribes can allocate central service costs and claim indirect costs related to federal awards. It requires these entities to establish cost allocation plans and submit indirect cost rate proposals to ensure proper identification and assignment of costs associated with federal funding activities.
§ 200.417 Interagency service. Section 200.417 allows departments within the same State, local government, or Indian Tribe to offer services to each other, covering direct and a portion of indirect costs. A standard indirect cost rate of 15% of direct salaries and wages can be used, but it excludes centralized services outlined in specific cost allocation plans.
§ 200.418 Costs incurred by states and local governments. States and local governments can cover costs for their institutions of higher education (IHEs), such as pension and FICA expenses, as long as these costs meet specific requirements, are backed by approved cost allocation plans, and are not funded by the Federal Government.
§ 200.419 Cost accounting standards. Institutions of Higher Education (IHEs) that receive $50 million or more in federal awards must follow specific cost accounting standards outlined in federal regulations. This requirement affects how these institutions manage and report their financial practices related to federal funding.
§ 200.420 Considerations for selected items of cost. Section 200.420 outlines principles for determining whether certain costs are allowable under federal awards, applicable to both direct and indirect costs. It emphasizes that not all potential costs are listed, and decisions on allowability should be based on similar costs and established principles, with specific federal award provisions taking precedence.
§ 200.421 Advertising and public relations. Section 200.421 outlines the allowable costs for advertising and public relations related to Federal awards. It specifies that advertising costs can only be used for recruitment, procurement, disposal of materials, and program outreach, while public relations costs are limited to those required by the award or necessary for communicating accomplishments and maintaining public understanding.
§ 200.422 Advisory councils. Section 200.422 allows costs for advisory councils or committees that provide advice to organizations, as long as these costs are authorized by law or a federal agency. This affects entities receiving federal awards, including states, local governments, and Indian Tribes.
§ 200.423 Alcoholic beverages. Section 200.423 states that costs for alcoholic beverages cannot be reimbursed or included in federal funding. This affects organizations and entities receiving federal funds, as they cannot charge these expenses to their grants or contracts.
§ 200.424 Alumni activities. Costs related to alumni activities at institutions of higher education (IHEs) cannot be funded or reimbursed. This affects IHEs that may seek financial support for such activities.
§ 200.425 Audit services. Section 200.425 outlines the allowable and unallowable costs for audit services related to federal awards. It affects entities receiving federal funds, specifying that audit costs are only allowable if they comply with the Single Audit Act, and details conditions under which certain financial statement audits and monitoring procedures can be charged to federal awards.
§ 200.426 Bad debts. Section 200.426 states that bad debts, which are debts deemed uncollectable, and any costs associated with collecting or legally pursuing these debts are not allowed for reimbursement. This affects organizations seeking federal funding, as they cannot include these losses in their financial claims.
§ 200.427 Bonding costs. Section 200.427 outlines that bonding costs, which provide financial assurance against losses, are allowable under federal awards. This applies to both federal requirements and those imposed by recipients or subrecipients, as long as the costs are reasonable and follow sound business practices.
§ 200.428 Collections of improper payments. Section 200.428 allows recipients or subrecipients to count costs for recovering improper payments as allowable expenses. They can use the collected amounts following specific cash management standards.
§ 200.429 Commencement and convocation costs. Section 200.429 states that institutions of higher education cannot use federal funds for commencement and convocation costs, unless these expenses are specifically allowed as part of student administration and services. This affects IHEs that receive federal funding.
§ 200.430 Compensation—personal services. Section 200.430 outlines the rules for compensation related to personal services under Federal awards, stating that payments must be reasonable, follow established policies, and comply with applicable laws. It affects organizations receiving Federal funding, ensuring that employee compensation aligns with similar roles in the market and adheres to the recipient's policies.
§ 200.431 Compensation—fringe benefits. Section 200.431 outlines that fringe benefits are additional compensations, like leave and insurance, provided by employers to employees. These costs are allowable if they are reasonable, required by law or agreements, and follow established policies, impacting organizations receiving federal funds and their employees.
§ 200.432 Conferences. Section 200.432 outlines that conferences funded by Federal awards must primarily share technical information and be necessary for the award's success. Allowable costs include venue rental, speaker fees, meals, and transportation, but must be managed carefully to minimize expenses, with potential exceptions for specific programs like those for Indian Tribes, children, and the elderly.
§ 200.433 Contingency provisions. Section 200.433 outlines rules for including contingency provisions in budget estimates for federal projects. It states that while certain contingency amounts for unforeseen costs cannot be included in federal awards, others can be if they are based on accepted cost estimation methods and comply with federal guidelines.
§ 200.434 Contributions and donations. Section 200.434 states that costs for contributions and donations, including cash and in-kind services, from recipients or subrecipients to other entities are not allowed under federal awards. While the value of donated services can help meet cost-sharing requirements, it cannot be charged as a direct or indirect cost to the federal award, affecting nonprofit organizations and their funding practices.
§ 200.435 Defense and prosecution of criminal and civil proceedings, claims, appeals and patent infringements. Section 200.435 outlines that costs related to defending against criminal or civil proceedings involving fraud or violations of laws by recipients or subrecipients of federal funds are generally not allowable. This affects organizations and individuals receiving federal awards, as they cannot use federal funds to cover legal expenses from such proceedings if they result in a conviction or similar adverse outcomes.
§ 200.436 Depreciation. Section 200.436 outlines how to calculate depreciation for fixed assets used in federal award activities. It affects recipients and subrecipients by allowing them to allocate costs for buildings, equipment, and software based on their useful life, while ensuring that certain costs, like land or federally funded portions, are excluded from depreciation calculations.
§ 200.437 Employee health and welfare costs. Section 200.437 allows costs related to improving employee health and working conditions if they follow established policies and are fairly distributed across activities. It also permits losses from food services only if they aim to break even, with exceptions for unusual circumstances approved by the relevant agency.
§ 200.438 Entertainment and prizes. Section 200.438 states that costs for entertainment and prizes are generally not allowed unless they serve a specific programmatic purpose and are included in a Federal award. This affects organizations receiving federal funding, as they must adhere to these guidelines when budgeting for such expenses.
§ 200.439 Equipment and other capital expenditures. Section 200.439 outlines the rules for capital expenditures on equipment and property, stating that such costs are generally allowable as direct costs only with prior written approval from the relevant Federal agency. This affects organizations receiving federal funds, as they must seek approval for significant purchases or improvements and cannot claim these costs as indirect expenses.
§ 200.440 Exchange rates. Section 200.440 allows for cost increases due to exchange rate fluctuations, but prior approval is needed if these changes require more Federal funding or significantly reduce the project's scope. Recipients must review local currency gains before the award expires and provide documentation for any adjustments, ensuring sufficient Federal funds are available.
§ 200.441 Fines, penalties, damages and other settlements. Costs from violations of laws and regulations by recipients or subrecipients are not allowed, unless they are due to compliance with the Federal award or have prior written approval from the Federal agency. This affects organizations receiving federal funds.
§ 200.442 Fundraising and investment management costs. Section 200.442 states that costs for organized fundraising and investment management are generally unallowable unless specifically approved by the Federal agency. However, costs related to the physical custody of funds are allowable, and both types of activities must properly allocate indirect costs. This affects organizations seeking federal funding and their financial management practices.
§ 200.443 Gains and losses on the disposition of depreciable assets. Section 200.443 requires recipients or subrecipients to record gains and losses from selling or disposing of depreciable assets in the year they occur. It affects organizations managing federal funds, specifying how to handle these financial changes and when they can be excluded from federal award cost calculations.
§ 200.444 General costs of government. Section 200.444 states that general government costs for states, local governments, and Indian Tribes are generally unallowable, including salaries and expenses for governors, legislatures, and judicial branches. However, Indian Tribes and Councils of Governments can include up to 50% of certain salaries and expenses related to managing federal programs in their indirect cost calculations without needing documentation.
§ 200.445 Goods or services for personal use. Section 200.445 states that costs for goods or services used personally by employees are not allowed, even if reported as taxable income. Housing costs and personal living expenses can only be covered if they are approved in advance by the Federal agency.
§ 200.446 Idle facilities and idle capacity. Section 200.446 defines "idle facilities" and "idle capacity," focusing on unused resources and their associated costs. It states that costs related to idle facilities are generally unallowable, except when necessary for fluctuating workloads or if they were needed when acquired but became idle due to unforeseen changes, allowing for costs to be covered for up to one year.
§ 200.447 Insurance and indemnification. Section 200.447 outlines the rules for insurance costs related to Federal awards. It allows certain insurance costs if they follow established policies and sound practices, but restricts coverage for government property, management fees, and defects in materials, while permitting medical liability insurance for research involving human subjects.
§ 200.448 Intellectual property. Section 200.448 outlines the allowable and unallowable costs related to securing patents and copyrights for federal awards. It affects organizations receiving federal funding, specifying that certain costs for preparing documents and obtaining patents are allowable, while others, like foreign patent applications or unnecessary disclosures, are not. Additionally, royalties for using patents or copyrights are allowable unless certain conditions, such as invalidity or expiration, apply.
§ 200.449 Interest. Section 200.449 states that interest costs on borrowed funds or the recipient's own funds are generally unallowable for federal awards, but interest on financing for capital assets is allowable under specific conditions. This affects recipients and subrecipients of federal funds, requiring them to follow guidelines for allowable costs, ensure transactions are at fair market value, and limit claims to the least expensive financing options.
§ 200.450 Lobbying. Section 200.450 prohibits certain lobbying costs related to obtaining federal assistance, meaning organizations cannot use funds to influence federal awards or regulatory actions improperly. This affects nonprofits and institutions of higher education by restricting their ability to engage in political activities or influence legislation and elections.
§ 200.451 Losses on other awards or contracts. Section 200.451 states that any excess costs beyond income from other awards or contracts are not allowed, including costs from cost-sharing agreements or under-recoveries of indirect costs. This rule affects recipients and subrecipients by ensuring that losses cannot be claimed as indirect costs when calculating funding allocations.
§ 200.452 Maintenance and repair costs. Section 200.452 allows costs for utilities, insurance, security, maintenance, and repairs that keep buildings and equipment operational, as long as they don't increase the property's value or extend its life. However, costs for improvements that enhance value or longevity must be treated as capital expenditures and cannot be covered if already paid through rental agreements.
§ 200.453 Materials and supplies costs, including costs of computing devices. Section 200.453 allows costs for materials, supplies, and computing devices necessary for federal awards to be charged as direct costs. These costs must reflect actual prices, and federally-donated materials can be used without charge, affecting organizations that receive federal funding.
§ 200.454 Memberships, subscriptions, and professional activity costs. Section 200.454 allows recipients and subrecipients to use funds for memberships and subscriptions related to business, technical, and professional organizations, as well as civic or community groups. However, costs for memberships in country clubs, social clubs, or organizations focused on lobbying are not allowed.
§ 200.455 Organization costs. Section 200.455 states that costs related to establishing or reorganizing an organization, such as incorporation fees and consultant fees, are generally not allowed unless approved by the Federal agency. Additionally, costs for persuading employees regarding union activities are also unallowable, while costs for data collection and evaluation to improve programs are permitted.
§ 200.456 Participant support costs. Participant support costs are allowable expenses that must be clearly defined in the written policies of recipients or subrecipients and applied consistently across all Federal awards. This section affects organizations receiving Federal funding that need to manage and document these costs properly.
§ 200.457 Plant and security costs. Section 200.457 allows organizations to cover necessary and reasonable expenses for protecting their facilities, staff, and products. This includes costs for security personnel, equipment, and services, but capital expenses for security must follow specific guidelines.
§ 200.458 Pre-award costs. Pre-award costs are expenses incurred before a Federal award starts, necessary for efficient project performance, and can only be charged if approved by the Federal agency. These costs must align with what would be allowed after the award's start date and are typically included in the initial budget period unless stated otherwise.
§ 200.459 Professional service costs. Section 200.459 allows costs for professional and consultant services to be covered if they are reasonable and not dependent on federal funding recovery. It affects recipients and subrecipients of federal awards, requiring them to consider factors like service necessity, past costs, and qualifications of service providers when determining if these costs are allowable.
§ 200.460 Proposal costs. Section 200.460 states that costs for preparing bids and proposals for federal and non-federal projects are usually considered indirect costs and should be spread across all current activities. These costs can only be counted for the current period and not for any past periods.
§ 200.461 Publication and printing costs. Section 200.461 allows costs for publishing and printing, including distribution and promotion, to be charged as indirect costs to all related activities. It also permits fees for publishing research supported by federal funds, as long as they are applied equally to all publications, and allows charging these costs during the closeout phase of the federal award if not incurred during the award period.
§ 200.462 Rearrangement and reconversion costs. Section 200.462 allows costs for normal rearrangement and alteration of facilities as indirect costs, while special alterations can be direct costs if approved by the Federal agency. It also permits costs for restoring facilities to their prior condition, excluding normal wear and tear, affecting recipients and subrecipients of Federal awards.
§ 200.463 Recruiting costs. Section 200.463 outlines allowable recruiting costs for organizations receiving federal funds, including advertising, employment office operations, and travel expenses related to recruitment. It specifies that excessive benefits to attract professionals are not allowed, and if a new employee resigns within a year, the organization must refund relocation costs funded by federal awards.
§ 200.464 Relocation costs of employees. Section 200.464 outlines the allowable relocation costs for employees who are moving for work, either due to a permanent change in duty or when hired. It specifies that costs must benefit the employer, follow a consistent reimbursement policy, and not exceed actual expenses, covering transportation, home-finding costs, closing costs, and other reasonable relocation expenses.
§ 200.465 Rental costs of real property and equipment. Section 200.465 allows rental costs for real property and equipment if rates are reasonable based on market conditions and property value. It affects recipients and subrecipients of federal funds, particularly in how they handle leases, especially those involving related parties or "sale and lease back" arrangements, which are limited to certain allowable costs.
§ 200.466 Scholarships, student aid costs, and tuition remission. Section 200.466 allows costs for scholarships and student aid at institutions of higher education (IHEs) only if approved by the Federal agency and related to training participants. Tuition remission and other compensations for student work are permitted if they follow IHE policies, relate to the student's degree program, and are reasonable for the work performed.
§ 200.467 Selling and marketing costs. Selling and marketing costs for products or services are not allowed unless they meet specific criteria under § 200.421 and are necessary for fulfilling federal award requirements. This affects recipients and subrecipients of federal funds.
§ 200.468 Specialized service facilities. Section 200.468 allows costs for specialized services from complex facilities to be charged to federal awards if they follow specific guidelines. This affects recipients and subrecipients of federal funds, requiring them to charge costs based on actual usage and ensure fair rates that cover only the necessary expenses.
§ 200.469 Student activity costs. Section 200.469 states that costs for student activities like intramural sports, publications, and clubs cannot be covered unless specifically approved in the Federal award. This affects educational institutions seeking federal funding for these activities.
§ 200.470 Taxes (including Value Added Tax). Section 200.470 outlines the rules regarding allowable taxes for States, local governments, Indian Tribes, nonprofit organizations, and institutions of higher education (IHEs). It states that certain taxes are allowable if legally required, while others, like self-assessed taxes affecting Federal programs, are not; nonprofits and IHEs can generally claim taxes paid under GAAP, but must credit any refunds back to the Federal Government.
§ 200.471 Telecommunication and video surveillance costs. Section 200.471 allows costs for telecommunications and video surveillance services or equipment, like phones and internet, unless they involve certain prohibited actions related to contracts or procurement as outlined in § 200.216. This affects organizations using federal funds for these services, ensuring compliance with specific contracting rules.
§ 200.472 Termination and standard closeout costs. Section 200.472 outlines the rules for costs associated with the termination of a Federal award. It specifies that certain costs may be allowable if they cannot be immediately discontinued, but items usable for other work are generally not covered unless proven otherwise, affecting recipients and subrecipients of Federal funding.
§ 200.473 Training and education costs. Section 200.473 allows costs for employee training and education as acceptable expenses. This affects organizations that receive federal funding and want to invest in their employees' development.
§ 200.474 Transportation costs. Transportation costs for goods, such as freight and postage, are allowable expenses. These costs can be charged directly to specific items or allocated to indirect cost accounts if they can't be easily identified, as long as consistent procedures are followed. Outbound freight can be treated as a direct cost if it meets federal award conditions.
§ 200.475 Travel costs. Section 200.475 outlines the rules for travel costs incurred by employees on official business, including transportation, lodging, and subsistence. These costs must be reasonable, consistent with the organization's policies, and justified if charged to a Federal award, affecting recipients and subrecipients of Federal funds.
§ 200.476 Trustees. Section 200.476 allows travel and subsistence costs for trustees or directors at institutions of higher education (IHEs) and nonprofit organizations to be covered. This means these organizations can reimburse their leaders for related expenses.
§ 200.500 Purpose. Section 200.500 establishes standards to ensure that all Federal agencies conduct consistent and uniform audits of non-Federal entities that receive Federal funding. This affects organizations that use Federal awards, ensuring they are audited in a standardized way.
§ 200.501 Audit requirements. Non-Federal entities that spend $1,000,000 or more in Federal awards during their fiscal year must undergo a single or program-specific audit. Entities spending less than $1,000,000 are exempt from these audit requirements but must still keep their records available for review by Federal officials.
§ 200.502 Basis for determining Federal awards expended. Section 200.502 outlines how to determine when Federal awards are considered expended, focusing on activities that require compliance with Federal rules, such as grant transactions, fund disbursements, and loan usage. It affects non-Federal entities, including institutions of higher education, by specifying how to calculate the value of Federal awards, particularly in relation to loans and their compliance requirements.
§ 200.503 Relation to other audit requirements. Section 200.503 states that audits of Federal awards conducted under this regulation replace any other required financial audits for non-Federal entities, but Federal agencies can still perform additional audits as needed. These additional audits must not duplicate existing ones and should build on previous audit work to ensure efficiency.
§ 200.504 Frequency of audits. Audits must generally be conducted annually, but certain states, local governments, or Indian Tribes can opt for biennial audits if allowed by their laws as of January 1, 1987. Additionally, nonprofit organizations that previously had biennial audits during specific periods can continue with this schedule.
§ 200.505 Remedies for audit noncompliance. Section 200.505 states that if a non-federal entity fails to conduct required audits, federal agencies or pass-through entities must take necessary actions as outlined in § 200.339. This affects non-federal entities that do not comply with audit requirements.
§ 200.506 Audit costs. Section 200.506 refers to the costs associated with audits for federal awards. It affects organizations that receive federal funding, outlining how they can manage and allocate audit expenses.
§ 200.507 Program-specific audits. Section 200.507 outlines the requirements for program-specific audits of Federal programs. It states that if a specific audit guide is available, auditors must follow it along with Generally Accepted Government Auditing Standards (GAGAS); if not, both the auditee and auditor must fulfill similar responsibilities as in a major program audit, including preparing financial statements and ensuring compliance with Federal regulations.
§ 200.508 Auditee responsibilities. Section 200.508 outlines the responsibilities of the auditee, which include arranging and ensuring the proper execution of audits, preparing financial statements, addressing audit findings promptly, and granting auditors access to necessary information. This section primarily affects organizations receiving federal awards that must comply with these audit requirements.
§ 200.509 Auditor selection. Section 200.509 outlines the rules for selecting auditors for audit services, requiring non-Federal entities to follow specific procurement standards and evaluate proposals based on clear criteria. It also prohibits auditors who prepare indirect cost proposals from being selected for audits if the auditee's indirect costs exceeded $1 million in the prior year, and allows Federal auditors to perform audit work if they comply with the requirements.
§ 200.510 Financial statements. Section 200.510 requires organizations receiving federal funds to prepare financial statements that show their financial position and results for the fiscal year being audited. Additionally, they must create a schedule detailing expenditures of federal awards, listing individual programs by agency and including relevant information to aid understanding, which affects non-Federal entities managing federal funds.
§ 200.511 Audit findings follow-up. Section 200.511 requires auditees to address and correct all audit findings by creating a summary schedule of prior findings and a corrective action plan for current findings. This affects organizations receiving federal funds, as they must report the status of past audit issues and outline their plans for resolving any ongoing problems.
§ 200.512 Report submission. Section 200.512 requires auditees to submit their audit reports and data collection forms within 30 days of receiving the auditor's report or within nine months after the audit period, whichever is sooner. This affects organizations that receive federal funds, as they must ensure compliance and make their reports available for public inspection, while safeguarding personal information.
§ 200.513 Responsibilities. Section 200.513 outlines that non-Federal entities receiving over $50 million in Federal awards must have a designated cognizant agency for audit, typically the Federal agency providing the most funding. This agency is responsible for offering audit support, conducting quality reviews, and ensuring compliance with audit standards, affecting organizations that manage significant Federal funding.
§ 200.514 Standards and scope of audit. Section 200.514 outlines the standards and scope for audits of organizations receiving Federal awards. It requires audits to follow GAGAS, cover all operations or specific units as chosen by the auditee, assess the fairness of financial statements, and evaluate internal controls over Federal programs, impacting entities that manage Federal funds.
§ 200.515 Audit reporting. Section 200.515 outlines the requirements for audit reporting, stating that auditors must provide opinions on financial statements and compliance with federal regulations. It affects entities receiving federal awards, as they must have their financial practices and compliance evaluated through these audits.
§ 200.516 Audit findings. Section 200.516 requires auditors to report significant deficiencies in internal controls, material noncompliance with federal laws, and questioned costs over $25,000 related to major federal programs. This affects entities receiving federal funds, ensuring they adhere to compliance requirements and maintain proper financial oversight.
§ 200.517 Audit documentation. Section 200.517 requires auditors to keep audit documentation and reports for at least three years after issuing the report. This section affects auditors and entities involved in audits, as it mandates that documentation be accessible to certain federal agencies upon request for oversight and review purposes.
§ 200.518 Major program determination. Section 200.518 outlines how auditors must identify major Federal programs using a risk-based approach, focusing on the size and risk of the programs. It affects auditors and entities receiving Federal funds, as they must categorize programs as Type A or Type B based on expenditure levels and assess their risk for audit purposes.
§ 200.519 Criteria for Federal program risk. Section 200.519 outlines how auditors assess the risk of noncompliance in Federal programs by evaluating factors like internal control weaknesses, prior audit findings, and oversight by Federal agencies. This affects organizations receiving Federal funds, as they must ensure strong controls and address any past issues to minimize risk during audits.
§ 200.520 Criteria for a low-risk auditee. Section 200.520 outlines the criteria for a low-risk auditee, which allows certain non-Federal entities to receive reduced audit coverage if they meet specific conditions over the past two audit periods. These conditions include having annual audits with unmodified opinions, no significant internal control issues, and no major audit findings related to federal programs.
§ 200.521 Management decisions. Section 200.521 outlines the requirements for management decisions regarding audit findings, specifying that they must clarify whether findings are upheld, provide reasons, and detail expected actions from the auditee, including timelines for corrective measures. This section affects federal agencies, pass-through entities, and auditees by establishing responsibilities and timelines for addressing audit findings and ensuring accountability in federal funding.
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About 2 CFR 200

2 CFR Part 200 (the "Uniform Guidance") establishes administrative requirements, cost principles, and audit requirements for federal awards to non-federal entities. It consolidated requirements from previous OMB Circulars (A-21, A-87, A-110, A-122, A-89, A-102, and A-133) into a single, streamlined regulation.

Why plain English? The regulatory language can be dense and difficult to interpret. Our plain English summaries are designed to help grant managers, finance teams, and compliance officers quickly understand what each section requires without needing a legal background.

Official source: eCFR.gov. Plain English summaries are for guidance only and do not replace the official regulatory text.