A webinar presented by the National Council of University Research Administrators (NCURA).

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On April 04, 2024, the Biden-Harris Administration announced the publication of the final revisions to the OMB’s Uniform Guidance, 2 CFR. It proclaimed that that “these changes will allow agencies and recipients of Federal funds to focus more time and money on delivering meaningful results for the American people.” The COFFA issued supplementary information to assist agencies with implementation on August 15, 2024 and corrections were published October 1st ,2024 and included in the final version effective October 1, 2024. See links below.

The “extreme makeover” of the Uniform Guidance results in revisions of 69 out of 191 sections (or 36 percent) from its 2020 edition. With the effective date of October 1, 2024, some of the revisions have become effective but most of the administrative and accounting revisions become effective on July 1, 2025 for most research institutions (the first fiscal year starting after October 1, 2024).

Workshop faculty with extensive financial research administration experience, including with the OMB, HHS Cost Allocation Services, Institutions of Higher Education, and organizations supporting research institutions, will discuss the significant revisions to Title 2 (Office of Management and Budget Guidance for Federal Financial Assistance), impacts on research institutions, and how institutions are implementing. Participants will have an opportunity to share and to ask questions of the presenters and other participants.

FY 2024 Revisions to 2 CFR: Federal Agency Implementation – https://www.cfo.gov/assets/files/FY-2024-Revisions-to-2-CFR-Supplementary-Information-for-Federal-Agency-Implementation.pdf

Guidance for Federal Financial Assistance; Corrections – https://www.federalregister.gov/documents/2024/10/01/2024-22520/guidance-for-federal-financial-assistance-corrections

Title 2 Grants and Agreements – https://www.ecfr.gov/current/title-2/subtitle-A/chapter-II/part-200?toc=1

Learning Objectives

Participants will be familiar with:

• The major revisions by the six subparts and twelve Appendices of the 2 CFR 200 and when they are effective.
• Participants will understand NSF organization, structure and culture and what that means for you and your organization.
• How the revisions will impact the administration of research assistance agreements.
• Potential challenges, strategies and timelines for implementation.

Faculty: