Uniform Guidance in Health Sciences Center
Discover why Uniform Guidance was established, its goals, objectives, and the impact it has on grant accounting in Health Sciences Center. Explore details on the Code of Federal Regulations Title 2, Subtitle A, Chapter II, Part 200, and the requirements for subrecipient monitoring. Stay updated with the latest changes and find resources for further information.
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HEALTH SCIENCES CENTER 2 C.F.R 200: Uniform Guidance RAFT April 10, 2015 Jason Galloway, Associate Controller Contract and Grant Accounting
HEALTH SCIENCES CENTER Why was Uniform Guidance established? Goals and Objectives To reform and streamline guidance for all Federal Awards To ease administrative burden To strengthen oversight To reduce fraud, waste and abuse To eliminate duplicative and conflicting guidance To provide for consistent and transparent treatment of costs
HEALTH SCIENCES CENTER Uniform Guidance Code of Federal Regulations Title 2, Subtitle A, Chapter II, Part 200 Supersedes and streamlines requirements from eight different grant circulars into one set of regulations Made up of six subparts A through F Effective Date Effective for new awards or new funding increments on or after December 26, 2014.
HEALTH SCIENCES CENTER Electronic Code of Federal Regulations link: http://www.ecfr.gov/cgi-bin/text-idx?SID=ed90f54836feb6a994f657188eb05e33&node=2:1.1.2.2.1&rgn=div5 Council on Financial Assistance Reform - COFAR https://cfo.gov/cofar/ HSC Contract Grant Accounting http://hsc.unm.edu/financialservices/cga/
HEALTH SCIENCES CENTER Definitions Should vs Must Must = REQUIRED Should = Best practices or recommended approach University's Policies Currently have a team reviewing current policies and editing and updating for compliance with Uniform Guidance.
HEALTH SCIENCES CENTER Subrecipient Monitoring 200.331 This section provides detailed monitoring procedures such as reviewing financial and programmatic reports, performing on-site reviews, and engaging external auditor to perform agreed-upon-procedures for Subrecipient monitoring. Risk Assessment and documentation of subrecipient Reviewing financial and programmatic reports as required by UNM. It is the responsibility of the PI to ensure the programmatic requirements are met prior to approving invoices. Subrecipient invoice payments must be made with 30 days.
HEALTH SCIENCES CENTER Subrecipient Monitoring Taskforce Subrecipient Invoice Approval UNM is Prime New Workflow will be created PI will document they have received and reviewed all required reports when approving subaward invoices for payment.` Department is always responsible for retaining these progress reports Subrecipient Reports UNM Sub PIs are responsible for monitoring deadlines and completing process reports timely
HEALTH SCIENCES CENTER Subrecipient Monitoring Taskforce Subrecipient Closeout Exiting Workflow will be revised PIs must be diligent in monitoring the receipt and approval of Subrecipient final invoices for processing with closeout deadlines.
HEALTH SCIENCES CENTER Subrecipient Monitoring Taskforce Subrecipient Closeout Exiting Workflow will be revised Monitoring and timing of final invoice is important
HEALTH SCIENCES CENTER Questions Jason Galloway 505-272-0163 jgalloway@salud.unm.edu
