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Richard Hoyt

Is Your Nonprofit Addressing the New Cost Principle Reforms?

It’s not too late to get up to speed on new federal and state cost principles and other requirements for your federal and New Jersey grants. As you may be aware, the federal Office of Management & Budget (OMB) recently issued final regulations entitled, “Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards,”…

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What Are My Subrecipient Monitoring Responsibilities?

A pass-through entity that receives federal awards and/or New Jersey state awards as a subrecipient must determine on a case-by-case basis whether the disbursements made under each agreement represents a subrecipient or contractor relationship. Once a determination is made that a subrecipient relationship exists, as a pass-through entity, you must: Award identification to include the…

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