2 CFR Part 200

2 CFR Part 200 is a set of rules that govern how organizations, especially those receiving federal funds, manage and report their spending. It ensures funds are used appropriately, transparently, and efficiently for intended projects. The regulations cover budgeting, accounting, internal controls, and reporting requirements, promoting accountability and preventing misuse of taxpayer money. Essentially, it provides a standardized framework for managing federal grants and cooperative agreements across various organizations.