OMB Circular A-122 definition

OMB Circular A-122. Cost Principles for Non-profit Organizations New York State’s Financial Management Guide for Local Governments, Volumes I and II New York State’s Uniform System of Accounts for Cities and Villages New York State’s Uniform System of Accounts for Counties Government Auditing Standards, 1994 Revision (referred to as the “Yellow Book”)
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OMB Circular A-122. Cost Principles for Non-profit Organizations
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OMB Circular A-122. Cost Principles for Non-profit Organizations New York State’s Uniform System of Accounts for Counties
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Examples of OMB Circular A-122 in a sentence

  • Allowable costs and profit are defined in the Department of Health Services’ Allowable Cost Policy Manual and further described in 2 CFR Part 225 (formerly OMB Circular A-87) and part 230 (formerly OMB Circular A-122).

  • If the Seller is not an educational institution, and is a nonprofit organization under Office of Management and Budget (OMB) Circular A-122, Cost Principles for Nonprofit Organizations, those cost principles shall apply; provided, that if the Seller is a non-profit organization listed in Attachment C of OMB Circular A-122, the cost principles at FAR 31.2 for commercial organizations shall apply.

  • The Federal cost principles that apply to nonprofit organizations that are not institutions of higher education are set forth in OMB Circular A-122 (relocated to 2 CFR Part 230).

  • Audit costs for Project administration and management are allowable under this Project to the extent authorized by OMB Circular A-87, Revised; OMB Circular A-21, Revised; or OMB Circular A-122, Revised.

  • If the Seller is not an Educational Institution, and is a nonprofit organization under Office of Management and Budget (OMB) Circular A-122, Cost Principles for Non-Profit Organizations, those cost principles shall apply; provided, that if the Seller is a non-profit organization listed in Attachment C of OMB Circular A-122, the cost principles at FAR 31.2 for commercial organizations shall apply to such Seller.

  • Grantee will do all work in accordance with the current edition of the program guidelines, the OMB Circular A-110, and the OMB Circular A-122.

  • Nonprofit subgrantees are subject to, and required to comply with, the provisions and standards set forth in the regulations at 24 CFR part 84 ("Grants and Agreements with Institutions of Higher Education, Hospitals, and other Non-Profit Organizations" or the "Nonprofit Administrative Requirements") and OMB Circular A-122 ("Cost Principles for Nonprofit Organizations" or the "Nonprofit Cost Principles").

  • Any other exceptions to OMB Circular A-122 are allowable only with prior written approval from the Department and must be offset against identified unrestricted non-Federal revenue.

  • The audit must be performed in accordance with generally 9 accepted government auditing standards and OMB Circular A-122.

  • Allowable costs and profit are defined in the Department of Health Services’ Allowable Cost Policy Manual and further described in 2 CFR Part 225 (formerly OMB Circular A-87) and Part 230 (formerly OMB Circular A-122).


More Definitions of OMB Circular A-122

OMB Circular A-122 means U.S. Office of Management and Budget Circular A-122 “Cost Principles for Non-profit Organizations”, as the same may be amended from time to time.
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