Which OMB Circular refers to administrative requirements for grants and agreements?

The Office of Management and Budget (OMB) Circular A-110 specifically pertains to administrative requirements for grants and agreements with institutions of higher education, hospitals, and other non-profit organizations. This circular outlines the policies and procedures for managing grants, detailing what is expected of recipients in terms of financial management, reporting, and compliance among other key areas.

Understanding the context of A-110 is crucial, as it sets forth uniform administrative requirements necessary for effective oversight of federal financial assistance, ensuring that funds are used appropriately and that accountability is maintained throughout the grant process. This circular is fundamental for organizations engaged in federal funding, as it provides a framework for the management of grants that supports transparency and efficient use of funds.

Other choices, while related to cost principles and administrative functions, do not focus specifically on the administrative requirements of grants and agreements. Therefore, A-110 stands out as the authoritative source governing the administration of these agreements, ensuring that grant recipients adhere to federal rulings and guidelines.