What is the Significance of 2 CFR Part 200 - Uniform Guidance Update?

You may not be aware but there is a standard document that will provide you the essential guidance needed to successfully ensure compliance with grant funds and avoid a monitoring finding.   

Did you guess right? 2 CFR Part 200 (code of federal regulation), is the go-to regulation for managing federal grant funds effectively.  It provides a comprehensive framework covering Uniform Administrative Requirements, Cost Principles and Audit Requirements to ensure compliance and accountability in federal awares management. 

What is 2 CFR 200 Important?

Why is this important? 2 CFR 200 also know as the Uniform Guidance, is crucial for nonprofits because it establishes standardized rules and requirements for managing federal grants.  

Ok, so how can it help you?

1. Streamlines Grant Management

2. Ensures Compliance & Accountability

3. Maximizes Federal Grant Efficiency

4. Reduces Administrative Burden e.g. simplifies processes for subrecipients to include monitoring and risk assessment, making it easier for the primary recipient to focus on operations with assurance "pass through funds" are being managed responsibly. 

5. PROTECTS AGAINS FRAUD and MISUSE! Strong internal controls, audit requirements and transparency safeguard grant funds from mismanagement, helping nonprofits build credibility and trust with funders.

Ready to Strengthen Your Grants Strategy and Compliance System?

Want to ensure you avoid "de-obligation of funds?" Whether you’re navigating a new award, building internal capacity, or preparing for your next big opportunity, Joint‑Source Consultants is here to help. Contact us today to schedule a consultation and take the next step toward confident, compliant grant management.