OMB Circular A-21 is a Government circular that sets forth the rules governing the eligibility and calculation of costs in support of sponsored research, development, training and other works produced in agreement with the United States Federal Government, but does not attempt to identify or dictate agency or institutional participation in those works. The last revision is dated May 10, 2004.
This circular is divided into ten sections:
Read more about OMB Circular A-21: Purpose and Scope, Definition of Terms, Basic Considerations, Direct Costs, F&A Costs, Identification and Assignment of F&A Costs, Determination and Application of F&A Cost Rate(s), Simplified Method For Small Institutions, General Provisions For Selected Items of Cost, Certification of Charges
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“Loving a baby is a circular business, a kind of feedback loop. The more you give the more you get and the more you get the more you feel like giving.”
—Penelope Leach (20th century)