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Cost Principles – An Introduction - Sponsored Projects

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OMB Circular A-110<br />

• OMB Circular A-110 establishes uniform administrative<br />

requirements for Federal grants and agreements awarded<br />

to institutions of higher education, hospitals, and other<br />

non-profit organizations.<br />

• OMB Circular A-110 sets requirements in the following<br />

areas:<br />

<strong>–</strong> Pre-award<br />

<strong>–</strong> Post-award<br />

• Standards for financial management system<br />

• Payment<br />

• <strong>Cost</strong> sharing<br />

• Program income<br />

6

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