| August 9, 2004 Vol.5, No.16:
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Uniform Financial Guidelines for Government Grants Proposed
A coalition of nonprofits has published draft Uniform Data Elements and Definitions for Grant Budgeting and Financial Reporting" for use by government grantees as part of the federal grant streamlining process. The coalition is seeking comments from nonprofits and their accountants by September 30. After the guidelines are modified to incorporate input a new version will be released for field-testing, and all grantees will be urged to try them.
The Uniform Guidelines Coalition includes OMB Watch, the Urban Institute, the National Council of Nonprofit Associations, the National Association of State Auditors, Comptrollers and Treasurers, and the Greater Washington Society of CPAs. Bill Levis of the Urban Institute serves as Project Manager.
The objective of the project is to facilitate creation of core summary budget data elements for use by both federal and state governments. Comments can be sent to Kay Guinane or Bill Levis. The OMB Watch website has more background information on government grant streamlining.