2024 version of Guidance for Federal Financial Assistance can be found here. 

Sections of Guidance for Federal Financial Assistance  

• Preamble - OMB detailed responses to public comments. This is an important read as it also explains the rationale and intent behind changes, as well as for changes not made.
• Chapter 1, Parts 25, 175, 180, 182, 183
• Chapter 2, Part 200 (i.e., Uniform Guidance) 

Key Points: 

• Implementation date: October 1, 2024
• Implementation guide coming soon.
• UI implementation update coming soon.  Awaiting information from the Office of Management and Budget and Federal agencies.   

Key Changes in the 2024 version

• Equipment threshold moving from $5,000 to $10,000. The date of this change is to be determined.
• Subawards threshold moving from $25,000 to $50,000. The date of this change is to be determined.
• Supply threshold moving from $5,000 to $10,000. The date of this change is to be determined.
• Increase in de minimis indirect cost rate from 10% to 15% for subrecipients without a federally negotiated rate. 

Key changes in definitions for: 

• Key Personnel
• Participant
• Participant Support Cost