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This virtual training will review the major sections of 2 CFR Part 200 – Uniform Administrative Cost Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance, or UGG). The sections discussed in the training include the allowable cost principles, financial management, procurement, inventory management, time and effort, documentation and internal controls, and subrecipient monitoring. On August 13, 2020, the Office of Management and Budget (OMB) published revisions to the UGG that amended existing sections and added sections. The revisions became effective on November 12, 2020. This training will discuss the UGG as amended by these revisions.

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