Get the free omb circular a 87 federal timekeeping requirements form - michigan

OMB Circular A-87 Federal Timekeeping Requirements (As excerpted from Attachment B, Item 8h) Time/salaries spent working on various federal programs must be documented for co-funded and 100% funded

How to fill out omb circular a 87

How to fill out OMB Circular A-87:

1. Gather the necessary documentation: Before starting to fill out OMB Circular A-87, make sure you have all the required documentation at hand. This includes financial records, employee time sheets, and any other relevant information or forms.
2. Review the instructions: Familiarize yourself with the instructions provided for filling out OMB Circular A-87. The circular provides guidelines and explanations for completing each section, so it is important to understand the requirements and expectations.
3. Complete section 1: Begin by filling out section 1 of OMB Circular A-87, which typically focuses on general information about the organization or agency submitting the information. Provide accurate details regarding the organization's name, address, and contact information.
4. Fill in the appropriate schedules: OMB Circular A-87 includes various schedules that need to be completed depending on the type of costs being reported. These schedules may include salaries and wages, fringe benefits, indirect costs, travel expenses, and more. Review each schedule carefully and provide accurate information for each section.
5. Calculate and report costs: OMB Circular A-87 requires the calculation and reporting of different cost categories. Ensure that you accurately calculate and report costs related to personnel, equipment, supplies, contracts, and any other relevant expenses. Carefully follow the instructions provided for each category to ensure accurate reporting.
6. Seek assistance if needed: If you face any difficulties or have questions while filling out OMB Circular A-87, don't hesitate to seek assistance. Contact your organization's financial department or consult with experts who have experience with OMB Circular A-87 to ensure accurate completion.

Who needs OMB Circular A-87:

1. Organizations receiving federal funding: OMB Circular A-87 is primarily intended for organizations that receive federal funding grants. This can include state, local, and tribal governments, as well as non-profit organizations and educational institutions.
2. Organizations administering federal programs: OMB Circular A-87 is also relevant for organizations that administer federal programs. These may include federal agencies responsible for managing and overseeing various programs and initiatives.
3. Entities subject to cost reimbursement requirements: Any entity that is subject to cost reimbursement requirements under federal grants or agreements may need to follow OMB Circular A-87. This includes organizations that receive federal grants requiring them to report and justify their costs accurately.

In conclusion, understanding how to fill out OMB Circular A-87 is crucial for organizations receiving federal funding and those administering federal programs. Proper completion of this circular ensures compliance with cost reimbursement requirements and accurate reporting of expenses.

For pdfFiller’s FAQs

What is omb circular a 87?

OMB Circular A-87, also known as the Cost Principles for State, Local, and Indian Tribal Governments, establishes principles for determining costs applicable to grants, contracts, and other agreements with the federal government.

Who is required to file omb circular a 87?

State, local, and Indian tribal governments that receive federal grants, contracts, or agreements are required to follow the guidelines set forth in OMB Circular A-87.

How to fill out omb circular a 87?

OMB Circular A-87 provides specific guidelines on how costs should be classified, documented, and calculated. Entities are required to follow these guidelines when filling out the circular.

What is the purpose of omb circular a 87?

The purpose of OMB Circular A-87 is to ensure that costs incurred by state, local, and Indian tribal governments in connection with federal grants, contracts, and agreements are reasonable, allowable, and allocable.

What information must be reported on omb circular a 87?

Information related to costs incurred and claimed under federal grants, contracts, and agreements must be reported on OMB Circular A-87, including direct costs, indirect costs, and other administrative costs.

Where do I find omb circular a 87?

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