The Office of Management and Budget, a component of the Executive Office of the President, implements policies set by the President of the United States. Within OMB, the Office of Federal Financial Management implements the financial management improvement priorities of the President and establishes government-wide financial management policies of executive agencies. Grants Management is a key initiative of the Office of Federal Financial Management.
The grants awarded by the Office of Transit usually include Federal funds. All grantees receiving Federal funds must be aware of, and comply with the requirements of, OMB's Grants Management Circulars. These circulars are:
- Circular A–87, "Cost Principles for State, Local, and Indian Tribal Governments"
- Circular A–102, "Grants and Cooperative Agreements with State and Local Governments" (frequently referred to as the Grants Management Common Rule)
- Circular A–110, "Uniform Administrative Requirements for Grants and Other Agreements with Institutions of Higher Education, Hospitals and Other Non-Profit Organizations"
- Circular A–122, "Cost Principles for Non-Profit Organizations"
- Circular A–133, "Audits of States, Local Governments, and Non-Profit Organizations"
Local government grantees follow Circulars A–87, A–102, and A–133. Non-profit organization grantees follow Circulars A–110, A–122, and A–133.
Circulars A-87 and A-122 have been codified in the Code of Federal Regulations as follows:
Each Federal agency codifies its own version of Circulars A–102 and A–110. Federal funds awarded by the Office of Transit are allocated to Ohio by the Federal Transit Administration of the U.S. Department of Transportation. Therefore, grantees must be aware of, and comply with the requirements of, the following U.S. DOT rules:
Note: On December 26, 2014, the Office of Management and Budget and the U.S. Department of Transportation will implement Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (published by the Office of Management and Budget on December 26, 2013 in 2 CFR Part 200 (Uniform Guidance—available at 78 FR 78589)). On this date, parts 18 and 19 of title 49 of the Code of Federal Regulations will be removed and Part 1201 of title 2 of the Code of Federal Regulations will be added. Grants and cooperative agreements executed prior to December 26, 2014 shall continue to be subject to 49 CFR parts 18 and 19 as in effect on the date of such grants or agreements. See 79 FR 75867.