“We’ll help you if you help yourself.” The sentiment is as old as philanthropy. One way that it manifests itself these days is in the form of federal requirements for recipients (and perhaps subrecipients) to provide a non-federal share of the resources needed to carry out a grant program or project.
Requirements that limit federal participation in the total cost of a federal award mean that awardees have to find and use non-federal resources that meet a variety of underlying conditions. Failure to do so can have what the auditors call a “direct and material effect” on how much federal money you’ll get to keep when your grant or subgrant is settled up.
So, understanding how to handle your non-federal share is a critical element of grants management success. This webinar will help with this task and update you on the relevant policy changes that show up in the new “Super Circular” (2 CFR 200) issued by the Office of Management and Budget.
You’ll get answer to these questions:
- Matching or cost sharing — what’s the difference?
- “Hard match” vs. “soft match”; “Cash vs. in-kind” — What do these terms really mean?
- When does the term “leveraging” enter the picture?
- What conditions have to be met so that non-federal resources are acceptable?
- Which management policies apply to use of the non-federal share? Which ones don’t?
- What are the standards for documenting matching or cost sharing?
- What tools can we use to value third party in-kind contributions?
- How do requirements for maintenance of effort or earmarking affect the non-federal share?
- What are the consequences if we mess up?
- Can a shortfall be fixed and, if so, how?
Join Bob Lloyd, principal of Federal Fund Management AdvisorÔ, for this timely, in-depth briefing.
Who Should Attend?
- Grant and contract managers
- Sponsored projects administrators
- Finance directors
- Accounting staff
- Program managers
- Principal investigators
- Internal auditors
- External auditors
Hand-out Materials:
Attendees will receive presentation slides as well as access to background materials.
Allowable Charges
The costs of webinars sponsored by Federal Fund Management Advisor™ are allowable charges to your federal grants and subgrants. The cost principles issued by OMB under its uniform guidance (and applicable to all types of awardees) state, “The cost of training and education for employee development is allowable” (2 CFR 200.472).
Attend this Live Webinar and Earn up to 1.5 CPE Credits