The Office of Management and Budget (OMB) recently released new rules regarding the expenditure of federal funds. These new rules apply to all SILCs – nonprofit and government entities alike. These new rules, commonly referred to as Uniform Guidance, combine and update the old OMB circulars (110, 122, and 133) for nonprofits, along with guidance for other federal grantees. Understanding the new Uniform Guidance is critical to spending federal funds appropriately. Continuing to operate and spend under the previous guidelines could cause real problems. Upon completion of this webinar, participants will have knowledge and resources that will enable them to: • Describe OMB’s new Uniform Guidance and how it relates to SILCs; • Identify which aspects of the new Uniform Guidance have changed and how to address the new requirements at their SILC; • Understand key prohibitions in Uniform Guidance to ensure federal expenditures are reasonable, necessary, allowable, and allocable; and • Identify resources for further information to implement necessary changes to comply with Uniform Guidance.