OMB Releases New FAQ Document
August 15, 2017
The Office of Management and Budget has released a new version of the Frequently Asked Questions (FAQ) concerning implementing the Uniform Guidance in response to additional stakeholder questions. Many of these assessments included items that needed clarification from the NAFOA Financial Management Advisory Committee and others in Indian Country.
The last revision was released in September of 2015. The new FAQ contains 24 new questions and four revised questions, with most pertaining to indirect costs (§200.311). The document was developed in partnership with the now disbanded Council on Financial Assistance Reform as one of its final deliverables.