Dear Colleagues:

Some F&A information that you may find useful.

OMB MAKES MORE REVISIONS TO COST PRINCIPLES
>The Office of Management and Budget (OMB) has dropped a proposal that
>would have required research institutions to justify costs for buildings
>supported with federal funds that exceeded certain benchmarks. In a June
>1 revision of Circular A-21, "Cost Principles for Educational
>Institutions," OMB instead establishes a review and documentation
>process to ensure that facility costs included in an institution's
>facilities and administrative cost rate are reasonable.
>
>The revision also implements an alternative approach for payment of
>utility costs, provides additional guidelines on depreciation and use
>allowances, and allows trustee travel expenses. Smaller institutions
>that use the simplified allocation method are now encouraged to use
>modified total direct costs rather than a salaries and wages basis.
>
>FOR MORE ON THIS STORY, visit the Federal Register Update at
>http://www.nacubo.org/website/frup.html
>
>A COMPLETE COPY OF CIRCULAR A-21, incorporating the most recent
>revisions, is available electronically on the OMB home page at
>http://www.whitehouse.gov/WH/EOP/omb

*****************
Anthony M. Boccanfuso, Ph.D.
Associate Provost for Research and Federal Relations
Bowling Green State University
106 University Hall
Bowling Green, Ohio 43403
419-372-2481; 419-372-0304 (fax)
xxxxxx@bgnet.bgsu.edu
http://www.bgsu.edu/offices/spar/HomePage.html