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OMB Circular A87 Federal Timekeeping Requirements (As excerpted from Attachment B, Item 8h) Time/salaries spent working on various federal programs must be documented for cofounded and 100% funded
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What is omb circular a-87 federal?
OMB Circular A-87, also known as the Cost Principles for State, Local, and Indian Tribal Governments, establishes guidelines for determining the allowable costs of grants and contracts funded by the federal government.
Who is required to file omb circular a-87 federal?
State, local, and Indian tribal governments that receive federal grants or contracts must comply with OMB Circular A-87 and file the necessary reports.
How to fill out omb circular a-87 federal?
To fill out OMB Circular A-87, governments must adhere to the cost principles outlined in the circular and ensure that all costs are properly documented and reported.
What is the purpose of omb circular a-87 federal?
The purpose of OMB Circular A-87 is to provide guidelines for determining the allowable costs of federal grants and contracts and promote consistency and transparency in cost reporting.
What information must be reported on omb circular a-87 federal?
Information such as direct costs, indirect costs, personnel costs, fringe benefits, and other allowable costs must be reported on OMB Circular A-87.
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