omb circular a-87 pdf


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PDF Top Seven Facts About OMB Circular A-87 Cost Principles for

1 OMB Circular A-87 provides principles used to establish allowable costs incurred by state and local governments under grants cost-reimbursement contracts and other agreements (“Federal Awards”) with the Federal Government; these principles operate under the following assumptions:

PDF OFFICE OF MANAGEMENT AND BUDGET (OMB) CIRCULAR A-87 ALLOWABLE

OMB Circular A-87 Lump sum payouts for unused vacation or sick leave when an employee retires or terminates employment Paid upon separation or in future years Allowable in year of payment provided allocated as a general administrative expense to all activities of the governmental unit or component INDIRECT COST

  • How many pages are in OMB Circular a 133?

    OMB Circular A-133 – Audits of States, Local Governments, and Non-Profit Organizations (06/24/1997, includes revisions published in Federal Register 06/27/03) (33 pages, 127 KB) OMB Circular A-21 – Cost Principles for Educational Institutions (05/10/2004) (109 pages, 263 kb), Relocated to 2 CFR, Part 220 (30 pages, 384 KB)

  • What is the purpose of circular 87?

    4. Rescissions. This Circular rescinds and supersedes Circular A 87, as amended, issued May 4, 1995. 5. Policy. This Circular establishes principles and standards to provide a uniform approach for determining costs and to promote effective program delivery, efficiency, and better relationships between governmental units and the Federal Government.

  • What is OMB Circular A-87?

    1. OMB Circular A-87 provides principles used to establish allowable costs incurred by state and local governments under grants, cost-reimbursement contracts and other agreements (“Federal Awards”) with the Federal Government; these principles operate under the following assumptions:

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