Cost Principles, Audit, and Administrative Requirements for Sponsored Activities Administrative Policy

This policy focuses on the requirements that are set forth in Office of Management and Budget (OMB) Uniform Guidance (UG) and does not provide guidance on other requirement that might apply to federal, state, or privately sponsored grants or contracts.

As a recipient of federal, state, and privately sponsored grants and contracts, the University is required to comply with all policies and regulations set forth by the federal and state government and private sponsors, including compliance with the OMB UG. OMB UG identified the cost principles, audit, and administrative requirements for sponsored projects. All University faculty, staff, and students who are responsible for administering sponsored grants should be familiar with these principles as well as other requirements of a granting agency or authority to mitigate risk associated with noncompliance.

 

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