Yosemite Community College District (YCCD) provides services to ensure program and
financial compliance with the awarding agencies (Federal, State, & Other Agencies).
These sponsored programs (grants) placed in restricted account and are subject to
various terms, conditions, and regulations under the Office of Management and Budget Circulars, and the related agency regulations. As the recipient institution of various federal
sponsored programs, we are accountable for ensuring that costs charged to a sponsored
program are allowable, allocable, and reasonable under cost principles. These services
collectively support YCCD, Modesto Junior College (MJC), and Columbia College (CC).
Below are major federal and state regulations that address the financial compliance
and administrative guidelines related to sponsored programs.
I. Office of Management and Budget (OMB)
Office of Management and Budget Circular A-21: Addresses the subject of cost determination
applicable to grants, contracts, and other agreements with educational institutions.
Office of Management and Budget Circular A-110: Sets forth standards for obtaining
consistency and uniformity among Federal agencies in the administration of grants
and agreements with institutions of higher education, hospitals, and other non-profit
organizations.