Recent Office of Management and Budget Actions
The following summary outlines recent actions taken by the Office of Management and Budget (“OMB”): Memorandum M-17-26, Reducing Burden for Federal Agencies by Rescinding and Modifying OMB Memoranda . Last month, the OMB issued a memorandum which marked the dissolution of the Council on Financial Assistance Reform (“COFAR”). The memorandum also eliminates several grants management-related requirements. Change in reporting metrics. The OMB announced that federal agencies no longer have to report the metrics assessing the impact of the Uniform Guidance, as ordered by OMB Memorandum M-14-17, Metrics for Uniform Guidance. Catalog of Federal Domestic Assistance (“CFDA”) expansion. The OMB has postponed its proposed expansion of the CFDA numbering schematic. Future changes. Read More.
Is Category Management the Future of Federal Procurement?
Historically, the Federal government has purchased goods and services one office at a time, within each agency, as these different offices have determined that they need to purchase something. This resulted in many procurement actions and duplication of effort and cost for purchasing personnel, contractors, and the people in all of the different offices who were often requesting the same items. Additionally, the quantities purchased by these individual offices were not always large enough to qualify for quantity discounts. The move to purchasing commercial items was a major step toward reducing the cost and effort of federal procurement, but the. Read More.
OMB Proposes Changes to Data Collection Form
The Office of Management and Budget (“OMB”) is currently accepting feedback on proposed changes to the Data Collection Form (DCF) and its instructions. Published in a December 9th Federal Register notice, the proposed changes are necessary due to the Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards at 2 CFR 200 (Uniform Guidance). As a result, the new DCF and instructions will be effective for fiscal periods starting on or after December 26, 2014, in line with the Uniform Guidance’s effective date. Please note that any audits performed under OMB Circular A-133, Audits of States, Local Governments, and. Read More.
OMB Releases 2014 Compliance Supplement
Earlier this week, the U.S. Office of Management (“OMB”) issued its 2014 OMB Circular A-133 Compliance Supplement (“the Supplement”). Viewed as essential guidance for performing single audits, the Supplement recognizes important compliance requirements the government expects to be considered for auditing. The Supplement is also seen as a source for auditors to better understand federal program objectives, procedures and other valuable information. Effective for fiscal year audits beginning after June 30, 2013, some of the changes to this year’s Compliance Supplement include: Changes to the Matrix of Compliance Requirements, which was revised to add and remove programs for consistency purposes;. Read More.