Circular A-136
The Office of Management and Budget (0MB), with input from the financial management community, has updated 0MB Circular A-136, Financial Reporting Requirements. This update streamlines reporting requirements and reflects current Federal generally accepted accounting principles.

What are OMB documents?

PURPOSE: OMB Circulars and Bulletins are major tools used by the Executive Office of the President to exercise managerial and policy direction over Federal agencies. Circulars and Bulletins generally promote government effectiveness by providing uniform guidance to agencies.

What is OMB Circular A 76?

OMB Circular A-76 for the performance of recurring commercial services by federal agencies, stating that the policy of the “federal government has been to rely on the private sector for needed commercial services,” and that those “commercial activities should be subject to the forces of competition.”

What is OMB Circular No A 123?

OMB Circular No. A-123 defines management’s responsibility for internal control in Federal agencies. The policy changes in this circular are intended to strengthen the requirements for conducting management’s assessment of internal control over financial reporting.

What replaced OMB Circular A 21?

Supersession. The Circular supersedes Federal Management Circular 73 8, dated December 19, 1973. FMC 73 8 is revised and reissued under its original designation of OMB Circular No. A 21.

What replaced OMB Circular A 122?

The Cost Principles for Nonprofits (OMB Circular A-122, codified at 2 C.F.R. Part 230), State Local and Tribal Governments (OMB Circular A-87, codified at 2. C.F.R. Additionally, the provisions of OMB Circular A-133, Audits of States, Local Governments and Non-Profit Organizations, are superseded by the Supercircular.

What replaced OMB Circular A-133?

On December 26, 2013, OMB Circular A-133 was superseded by the issuance of 2 CFR part 200, subpart F. Among other things, those changes increased the audit threshold to $750,000 for auditee fiscal years beginning on or after December 26, 2014 and made changes to the major program determination process.

What is the a 76 process?

An A-76 study is a competition of government-operated activities and the private sector to determine whether commercial activities can be done more economically and efficiently by contract or an in-house workforce. A-76 studies fall into two categories – streamlined competition or standard competition.

What is Max a 11?

MAX A-11 Data Entry (MAX) is a computer system used to collect and process most of the information required for preparing the budget. MAX compiles the budget data using a series of schedules, or sets of data, within the MAX database. Each schedule describes a view of the President’s Budget.

Is OMB Circular A-133 still in effect?

On December 26, 2013, OMB Circular A-133 was superseded by the issuance of 2 CFR part 200, subpart F. Among other things, those changes increased the audit threshold to $750,000 for auditee fiscal years beginning on or after December 26, 2014, and made changes to the major program determination process.

What is the purpose of the OMB Circular A-4?

This Circular provides the Office of Management and Budget’s (OMB’s) guidance to Federal agencies on the development of regulatory analysis as required under Section 6 (a) (3) (c) of Executive Order12866, “Regulatory Planning and Review,” the Regulatory Right-to-Know Act, and a variety of related authorities.

When did the OMB issue Circular A-119?

OMB Circular A-119, Federal Participation in the Development and Use of Voluntary Consensus Standards and in Conformity Assessment Activities (01/27/2016 – 43 pages, 506 KB) OMB Circular A-119, Transmittal Memorandum, Federal Participation in the Development and Use of Voluntary Standards (02/10/1998)

How many pages are in OMB Circular A-21?

OMB Circular A-21, Cost Principles for Educational Institutions (05/10/2004) (109 pages, 263 KB) OMB Circular-025, Transmittal Memorandum #1, User Charges (07/08/1993) OMB Circular A-34, Instructions on Budget Execution (Rescinded 6/27/2002; superseded by OMB Circular No.

How to get circulars from Office of Management and Budget?

These are expected to have a continuing effect of two years or more. To obtain circulars that are not available on-line, please call the Office of Management and Budget’s information line at (202) 395-3080. Choose from one of two options: Circulars arrayed by numerical sequence; or Circulars indexed by major category.