OFFICE OF MANAGEMENT
AND BUDGET
Cost Principles
for State, Local and Indian Tribal Governments (60 FR 26484, dated May
17, 1995)
AGENCY: Office
of Management and Budget
ACTION: Final
Revision to OMB Circular A-87, "Cost Principles for State, Local and Indian
Tribal Governments"
SUMMARY:
An interagency task force was established to review existing cost principles
for Federal awards to State and local governments. The task force studied
Inspector General reports and recommendations, solicited suggestions for
changes to the Circular from State and local governments, and compared
for consistency the provisions of other Office of Management and Budget
cost principles covering non-profit organizations and universities. Proposed
revisions reflecting the results of those efforts were published on October
12, 1988 (53 FR 40352) and August 19, 1993 (58 FR 44212). The extensive
comments received on these proposed revisions, discussions with interested
groups, and other related developments were considered in developing this
final revision.
DATE: Agencies
shall issue codified regulations to implement the provisions of this Circular
by September 1, 1995.
ADDRESSES:
Office of Management and Budget, Office of Federal Financial Management,
Financial Standards and Reporting Branch, Room 6025, New Executive Office
Building, Washington, DC 20503. For a copy of the revised Circular, contact
Office of Administration, Publications Office, Room 2200, New Executive
Office Building, Washington, DC 20503, or telephone (202)395-7332.
FOR FURTHER INFORMATION
CONTACT: Non-Federal organizations should contact the organization's
cognizant Federal funding agency. Federal agencies should contact Gilbert
H. Tran, Financial Standards and Reporting Branch, Office of Federal Financial
Management, Office of Management and Budget, telephone: (202)395-3993.