March

Subaward Indirect Cost Threshold and Accounts
Effective October 1, 2024, the Office of Management and Budget (OMB) revised the Uniform Guidance (2 CFR 200) to increase the Modified Total Direct Cost (MTDC) threshold applicable to subawards from $25,000 to $50,000. Application of the increased threshold is permitted only after it is reflected in an institution’s current Negotiated Indirect Cost Rate Agreement (NICRA).