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Financial Assistance Reference Guide
Essential tips for your NIST award
The Financial Assistance Reference guide provides information on the essential elements and most commonly asked questions of NIST financial assistance recipients. The guide contains a multitude of carefully selected topics designed to assist the NIST grant and cooperative agreement community from acceptance of the award to reporting requirements to amendments and prior approvals during the award to close-out procedures after award completion.
NIST is in the process of updating this Guide to reflect the revisions to 2 CFR 200 that go into effect on October 1, 2024.
In the interim, recipients should be aware of the following significant threshold changes in 2 CFR 200 and contact the Grant Specialist listed on their Award documents with any questions:
- Single Audit threshold increased from $750,000 to $1,000,000.
- De minimis indirect cost rate increased from 10% to 15%.
- Equipment threshold increased from $5,000 to $10,000.
