[CAFR-Contacts-News] FW: Relief for Administrative, Financial Management and Audit Requirements for Federal Awards

[HAMILTON Robert W * DAS]

Hello CAFR Contacts,

Please see the important notice below from NASACT regarding federal administrative relief that is being granted by the Federal Office of Management and Budget (OMB).

Topics are:

1.       Flexibility with SAM registration

2.       Flexibility with application deadlines

3.       Waiver for Notice of Funding Opportunities Publication

4.       No-cost extensions on expiring awards

5.       Abbreviated non-competitive continuation requests

6.       Allowability of salaries and other project activities

7.       Allowability of costs not normally chargeable to awards

8.       Prior approval requirement waivers

9.       Exemption of certain procurement requirements

10.   Extension of financial, performance, and other reporting

11.   Extension of currently approved indirect cost rates

12.   Extension of closeout

13.   Extension of Single Audit submission

There is a link to the OMB memo at the bottom of the NASACT email containing this information.

Please let me know if you have any questions.

Rob

From: Chebinou, Cornelia <cchebinou at nasact.org>
Sent: Thursday, March 19, 2020 4:11 PM
To: NSAAAuditors <NSAAAuditors at nasact.org>; NASCComptrollers <NASCComptrollers at nasact.org>; StateTreasurers <StateTreasurers at nasact.org>; UniformGuidanceImplementationWorkgroup <UniformGuidanceImplementatinWorkgroup at nasact.org>
Cc: NSAAAuditorsCCs <NSAAAuditorsCCs at nasact.org>; NASCComptrollersCCs <NASCComptrollersCCs at nasact.org>; StateTreasurersCCs <StateTreasurersCCs at nasact.org>; Poynter, R. Kinney <kpoynter at nasact.org>; Rowland, Sherri <srowland at nasact.org>; O'Ryan, Kim <koryan at nasact.org>; Hutchko, Neal <nhutchko at nasact.org>; Emily Swenson Brock <ebrock at gfoa.org>; Markoe Raymond, Jeannine <jeannine at nasra.org>
Subject: Relief for Administrative, Financial Management and Audit Requirements for Federal Awards

Good Evening:  The Office of Management and Budget (OMB) has released memorandum M-20-17, regarding administrative relief surrounding circumstances resultant of the Corona Virus crisis.  This memorandum provides similar administrative relief listed in M-20-11 to an expanded scope of recipients affected by the loss of operational capacity and increased costs due to the COVID-19. The document provides short term relief for administrative, financial management, and audit requirements under 2 CFR Part 200, Uniform Administrative Requirements, Cost principles and Audit Requirements for Federal Awards, without compromising Federal financial assistance accountability requirements.   This memo was sent to the Heads of Federal Executive Departments and Agencies but provides important information for NASACT members.

Additionally, OMB's March Grants Innovation Exchange Session (Thursday March 26, 2020 at 12:00 pm ET) will feature updates from the OMB Grants Team on recent OMB memo M-20-17 providing administrative relief regarding the Corona Virus crisis and an update on The GREAT Act.  Details on registration will be provided as soon as they become available.

To view this memo, please click  https://www.whitehouse.gov/wp-content/uploads/2020/03/M-20-17.pdf


Cornelia Chebinou, Washington Director
National Association of State Auditors, Comptrollers and Treasurers
202-624-5451
202-624-5473 (f)
www.nasact.org<http://www.nasact.org>

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