Read more » M-10-16 – Return to Normal Operations (2010) The OMB summarizes the major reforms in the Super-Circular known as "Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards" – or simply as "Uniform Guidance" – and outlines metrics that will help the government gauge their effectiveness. Read more » M-14-17 Metrics for Uniform Guidance (2 C.F.R. Moving forward, financial assistance priorities will be considered by the Chief Financial Officers (CFO) Council, consistent with the goal of involving a broader community of grant-making agencies to participate in developing priorities for reforming Federal grants management." In addition, the Council on Financial Assistance Reform (COFAR), an interagency group of Executive Branch 4Eliminated – Financial Management (Cont.): officials that was established by OMB Memorandum M-2-01, is disbanded. Part 200), as instructed by OMB Memorandum M-14-17, and 2) prepare for an expanded Catalog of Federal Domestic Assistance numbering schematic, as informed by OMB's Controller Alert of December 2016. "Grants Management Related Requirements - M-14-17, M-12-01, and OMB's Controller Alert of December 2016: To help reduce the burden for grants management related requirements, agencies are no longer required to: 1) report the metrics measuring the impact of the Uniform Guidance (2 C.F.R. Below is the grants management section of M-17-26: Chief Financial Officers Council (CFOC) will now consider financial assistance priorities. This included removing three grants management related requirements, including the dissolution of Council on Financial Assistance Reform (COFAR). OMB Memorandum M-17-26 identified and eliminated a variety of federal regulations to reduce burdens on federal agencies. Read more » M-17-26 Reducing Burden for Federal Agencies by Rescinding and Modifying OMB Memorandum (2017) Federal awarding "agencies are required to implement these changes in the terms and conditions of their awards, and recipients of existing federal financial assistance awards may implement them in their internal controls." OMB Memorandum M-18-18 announced, in accordance with recent statutory changes set forth in the National Defense Authorization Acts (NDAA) for Fiscal Years 20, an increase in the threshold for micro-purchases under federal financial assistance awards to $10,000, and increases the threshold for simplified acquisitions to $250,000 for all recipients. Read more » M-18-18 Implementing Statutory Changes to the Micro-Purchase and the Simplified Acquisition Thresholds for Financial Assistance (2018)
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