Nonprofit Accounting Basics

Federal Awards

Activities Allowed or Unallowed

The specific requirements for activities allowed or unallowed are unique to each Federal program and are found in the laws, regulations, and the provisions of contract or grant agreements pertainin

Allowable Costs/Cost Principles

These principles describe the cost accounting requirements associated with federal awards.

Best Practice: Federal Grant Compliance Program

A "best practice" is the most effective way to achieve the desired outcome applicable to most organizations.  Our goal is to develop a compliance program for federal grants applicable to nonpr

Cash Management

When entities are funded on a reimbursement basis, program costs must be paid for by entity funds before reimbursement is requested from the Federal Government.

Compliance Audits for Federal Awards

The Office of Management and Budget (OMB) issued a compliance supplement to its Circular A-133i.

Davis–Bacon Act

The Davis-Bacon Act requires that wages for "laborers and mechanics" employed by contractors (including subcontractors) of federally-funded construction in excess of $2,000 be paid in accordance wi


Eligibility specifies the criteria for determining the individuals, groups of individuals, or subrecipients that can participate in the program and the amounts of assistance for which they qualify.

Equipment and Real Property Management

Equipment and real property management provides standards for the use and disposition of equipment and real property purchased with federal funds.

Great New Resource for Federal Grantees

As part of its ongoing commitment to educated organizations that receive federal awards, the Governmental Audit Quality Center (GAQC), part of the American Institute of Certified Public Accountants

Introduction to OMB Circular A-133

The A-133 compliance supplementi describes 14 types of compliance requirements and related audit objectives and procedures to be considered in performing audits subject

Matching, Level of Effort, and Earmarking

Matching, level of effort, and earmarking are the:

OMB Circular A-110

What is OMB Circular A-110?

OMB Circular A-110 ("A-110") is officially named "Uniform Administrative Requirements for Grants and Agreements With Institutions of Higher Education, Hospitals,

OMB Circular A-122

What is OMB Circular A-122?

OMB Circular A-122 ("A-122") is officially named "Cost Principles for Non-Profit Organizations".

Period of Availability of Federal Funds

Federal awards may specify a time period during which the non-federal entity may use the federal funds.

Procurement and Suspension and Debarment


States, and governmental subrecipients of states, shall use the same state policies and procedures used for procurements from non-federal funds.

Program Income

Income generated from a federal program must be recorded correctly and used as a deduction from outlays, as an addition to the project budget, or to meet matching requirements.

Real Property Acquisition and Relocation Assistance

The Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, as amended, (URA) provides for uniform and equitable treatment of persons displaced by federally-assisted progr

Special Tests and Provisions

Special tests and provisions are the special provisions related to each federal program.

Subrecipient Monitoring

Subrecipient monitoring requires recipients to monitor the activities of subrecipients relative to their federal awards.

An award recipient is responsible for:

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