Get the free OMB Circular A-122, Cost Principles for Non-Profit ...

012022 GRANT CONTRACT (cost reimbursement grant contract with an individual, business, nonprofit, or governmental entity of another state or country) Begin Attend Date July 1, 2022Agency Tracking

How to fill out omb circular a-122 cost

How to fill out omb circular a-122 cost

1. To fill out OMB Circular A-122 cost, follow these steps:
2. Begin by gathering all necessary financial information related to your project or program.
3. Familiarize yourself with the requirements and guidelines outlined in OMB Circular A-122.
4. Start by reviewing Part I - Federal Agency Responsibilities, which provides an overview of the circular and the responsibilities of federal agencies.
5. Proceed to Part II - Cost Principles, which lists the general principles and regulations that govern the allowability of costs.
6. Pay special attention to Part III - Cost Categories, as it defines and classifies different cost types and provides guidance on their allocation.
7. Understand the rules for determining the allowability of specific costs, such as salaries and wages, fringe benefits, travel expenses, and indirect costs.
8. Ensure compliance with the documentation requirements and record keeping outlined in Part IV - Administrative Requirements.
9. Complete the required forms and schedules, providing accurate and detailed information for each cost category.
10. Double-check your calculations and review your completed form for any errors or missing information.
11. Submit the filled-out OMB Circular A-122 cost form to the appropriate department or agency for review.
12. Keep copies of all submitted documents and maintain a record of your compliance with the circular's requirements.
13. Note: It is recommended to consult with your organization's financial or compliance department for further guidance and clarification.

Who needs omb circular a-122 cost?

1. OMB Circular A-122 cost is needed by organizations that receive federal funding or grants for their projects or programs.
2. These organizations may include non-profit organizations, educational institutions, research facilities, and government agencies.
3. OMB Circular A-122 provides guidance on the allowability and allocation of costs, which helps ensure accountability, transparency, and compliance with federal regulations.
4. By following the circular's guidelines, organizations can accurately report and justify their use of federal funds, demonstrating responsible financial management.
5. Compliance with OMB Circular A-122 is essential for organizations to maintain their eligibility for federal funding and grants.

For pdfFiller’s FAQs

How can I manage my omb circular a-122 cost directly from Gmail?

pdfFiller’s add-on for Gmail enables you to create, edit, fill out and eSign your omb circular a-122 cost and any other documents you receive right in your inbox. Visit Google Workspace Marketplace and install pdfFiller for Gmail. Get rid of time-consuming steps and manage your documents and eSignatures effortlessly.

How can I send omb circular a-122 cost to be eSigned by others?

Once you are ready to share your omb circular a-122 cost, you can easily send it to others and get the eSigned document back just as quickly. Share your PDF by email, fax, text message, or USPS mail, or notarize it online. You can do all of this without ever leaving your account.

How do I fill out the omb circular a-122 cost form on my smartphone?

Use the pdfFiller mobile app to complete and sign omb circular a-122 cost on your mobile device. Visit our web page (https://edit-pdf-ios-android.pdffiller.com/) to learn more about our mobile applications, the capabilities you’ll have access to, and the steps to take to get up and running.

What is omb circular a-122 cost?

OMB Circular A-122 cost refers to the guidelines issued by the Office of Management and Budget (OMB) for the treatment of costs incurred by non-profit organizations receiving federal funds.

Who is required to file omb circular a-122 cost?

Non-profit organizations receiving federal funds are required to comply with OMB Circular A-122 guidelines and report their costs accordingly.

How to fill out omb circular a-122 cost?

To fill out OMB Circular A-122 cost, organizations need to categorize and report their costs based on the guidelines provided by OMB.

What is the purpose of omb circular a-122 cost?

The purpose of OMB Circular A-122 cost is to ensure uniformity and consistency in the reporting of costs incurred by non-profit organizations receiving federal funds.

What information must be reported on omb circular a-122 cost?

Information such as direct costs, indirect costs, administrative costs, and other relevant expenses must be reported on OMB Circular A-122 cost.