OMB Circular A-21:
establishes the principles for determining costs applicable
to grants, contracts and other agreements with colleges and
universities. These principles are to be used as a guide in
the pricing of fixed price agreements and apply to direct
costs and indirect costs.
OMB Circular A-110:
provides a public declaration of the standards to be used by
federal agencies and colleges and universities in the
administration of grants and other agreements. This does not
include contracts that are administered under procurement
laws and regulations.
OMB Circular A-133:states audit requirement and provides policy
guidance to federal agencies and colleges and universities
regarding the institutions' financial records, internal
control structure and compliance with applicable laws and
regulations.
