Last week, the U.S. Treasury updated its guidance and Frequently Asked Questions regarding the Coronavirus Relief Fund to clarify ongoing questions surrounding the treatment of payroll and benefits of public employees and administrative costs.
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The changes are in a number of areas specifically geared toward aligning with the work already underway as part of the President’s Management Agenda. OMB accepted many of NASACT’s suggestions, particularly clarifications regarding the use of “must” and “may.”
OMB reminds federal agencies of their financial assistance requirements for award description data quality and controls.