The spending of any funds awarded by the federal government to Harvard is
governed by federal Circular A-21,
Cost Principles for Educational Institutions, published by the Office of Management
and Budget (OMB). This Circular includes four Standards promulgated by the
Cost Accounting Standards Board that apply to colleges and universities. Harvard
is also subject to OMB Circular A-110,
Uniform Administrative Requirements for Grants and Agreements with Higher
Education Institutions, for certain administrative requirements and documentation
standards. Finally, anyone spending federal funds should be aware of key requirements
of the Federal
Sentencing Guidelines.
