Logo of the Federal Transit Administration U.S. Department of Transportation
Federal Transit Administration
Financial Management Oversight Seminar 2005

Page 105 - OMB Circular A-87: Attachment A, Purpose and Scope

  1. Objectives
    • Purpose: cost determination, not level of funding
    • Designed to provide that Fed. Awards bear fair share of costs
    • Profit provision outside scope
  2. Policy guides
    • Fundamental premise: state/local govs responsible for administration of Federal Awards
  3. Application
    • All Fed. Agencies
    • Sub-awards
    • Guide for FP cost based contracts
    • CAS
  4. Definitions
    • awarding agency, approval, contracts, cog. Agency, cost, state/local gov., etc.


Page 104 | Page 106

Opening Page

Table of Contents

2005 - Federal Transit Administration