GAFM is responsible for adhering to procedures in compliance with the University, the State of Florida, and the funding source's rules, guidelines, and regulations. Audits conducting by agencies, state, and federal auditors require GAFM to maintain sound fiscal and internal controls. Further, ORSP is responsible for certifying that project activities are in the best interest of the University and enhance its academic mission. Therefore, the GAFM area is guided by federal, state, agency, and university specific guidelines:
The Office of Management and Budget leads the development of government-wide policy to assure that federal funds are managed properly and that federal dollars are spent in accordance with applicable laws and regulations. The OMB established such policies through circulars and common rules.
OMB Circular A-21 (Principles for Determining Costs Applicable to Grants, Contracts, and Other Agreements with Educational Institutions): Defines the financial framework for administering federally sponsored research; describes the basis for calculating facilities and administrative (F&A or indirect costs); and provides a reference section for determining how to charge specific, common costs. OMB Circular A-110 (Uniform Administrative Requirements for Grants and Agreements with Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations) Establishes standards for obtaining consistency and uniformity among federal agencies in the administration of grants and other agreements. OMB Circular A-133 (Audits of States, Local Governments, and Non-Profit Organizations): Establishes standards for obtaining consistency and uniformity among federal agencies for audits. Code of Federal Regulations The Code of Federal Regulations (CFR) is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government. It is divided into 50 titles that represent broad areas subject to Federal regulation. Federal Acquisition Regulations The Federal Acquisition Regulation (FAR) is the principal set of rules in the Federal Acquisition Regulations System. That system consists of sets of regulations issued by agencies of the Federal government of the United States to govern what is called the " acquisition process," which is the process through which the government purchases ("acquires") goods and services.
GAFM must comply with several university established guidelines for processing expenditures, purchasing commodities and services, and processing documents.
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