Cost principles applicable to federally funded grants and subgrants are set forth in Office of Management and Budget (OMB) Circulars and Code of Federal Regulations as follows:

The Governor’s Office has also established “Cost Principles for State and Local Governments and Other Affected Entities” as set forth in the Uniform Grant Management StandardsMS Word (UGMS).  These standards apply to 1) state and local governments (excluding school districts, colleges and universities and special districts), 2) subrecipients of federal block grants, and 3) any other entity that is required by contract to follow these rules.

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