Circular No. A-122 SELECTED ITEMS OF COST. Paragraphs 1 through 56 provide principles to be applied in establishing the allowability of certain items of cost. These principles apply whether a cost is treated as direct or indirect.

summary of o.m.b. circular a-122 “Cost Principles for Non-Profit Organizations A. Basic Considerations - To be allowable, costs must meet the following general criteria:

Circular No. A-122 GENERAL PRINCIPLES A. Basic Considerations 1. Composition of total costs. The total cost of an award is the sum of the allowable direct and allocable indirect costs less any applicable credits. 2. Factors affecting allowability of costs. To be allowable under an award, costs must meet the following general criteria: a.

NOTE: Final Guidance has been issued that, upon implementation, will supersede requirements from OMB Circulars A-21, A-87, A-110, and A-122 (which have been placed in 2 C.F.R. Parts 220, 225, 215, and 230); Circulars A-89, A-102, and A-133; and the guidance in Circular A-50 on Single Audit Act follow-up.

2004年5月10日 · CIRCULAR NO. A-122 Revised May 10, 2004. TO THE HEADS OF EXECUTIVE DEPARTMENTS AND ESTABLISHMENTS. SUBJECT: Cost Principles for Non-Profit Organizations. 1. Purpose. This Circular establishes principles for determining costs of grants, contracts and other agreements with non-profit organizations.

NOTE: Final Guidance has been issued that, upon implementation, will supersede requirements from OMB Circulars A-21, A-87, A-110, and A-122 (which have been placed in 2 C.F.R. Parts 220, 225, 215, and 230); Circulars A-89, A-102, and A-133; and the guidance in Circular A-50 on Single Audit Act follow-up.

Comparison Chart –2 CFR Part 225 (A -87), 2 CFR Part 220 (A 21), 2 CFR Part 230 (A 122), and Final Uniform Guidance Text from 2 CFR Part 225 (A-87) serves as the guiding comparison text, therefore text from the other comparison guidance may not be listed in chronological order.

2014年12月26日 · *The Guidance was drawn from OMB Circulars A–21, A–87, A–110, and A–122 (which have been placed in past OMB guidances); Circulars A–89, A–102, and A–133; and the guidance in Circular A–50 on Single Audit Act follow-up.

June 1998 Revisions to A-122 • Amended definition of equipment to the lesser of the amount used for financial statement purposes or $5,000 • Required major nonprofits (those receiving more than $10million of direct Federal funding) to report indirect costs into “Facilities” and “Administration” (Continued)

The text of a fully recompiled Circular A-122 is appended to this proposal and will also be available electronically on the OMB Home Page. The current version of OMB Circulars A-21, A-87, A-102, and A-110 are available in paper format by contacting the OMB Publications Office at (202) 395-7332.