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Practical Subrecipient Monitoring

Webinar • Thursday, November 30, 2017 • 2:00-3:30 p.m. ET

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Webinar Details

Subject: Grants Development & Management

Prerequisites: Some knowledge of federal grant management and audit requirements is helpful

Recommended Field of Study: Specialized Knowledge and Applications, Accounting (including Government Accounting)

Program Knowledge Level: Basic

Advanced Preparation: None

Credit Information

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State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417.

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When recipients of federal grants turn around and award some of the funds they receive to other organizations, the federal government expects that they will exercise prudent oversight of the subrecipients. Those expectations got a real boost when the Office of Management and Budget recently revised and embellished policies for how that oversight is to be conducted in what has been dubbed the “Super Circular.”

Because so many federal grant programs involve extensive subaward activity, it’s not surprising that OMB would weigh in so emphatically. In the new reality, federal subrecipient monitoring policies now exist at the intersection of compliance and internal control.

While there are some steps that have to be conducted for every subrecipient regardless of the size of the subaward, there are others where judgment has to be exercised about whether and to what extent these steps need to be carried out. For most so-called “pass-through entities,” that means tailoring an approach and balancing risk and resources.

This webinar is intended to help organizations craft a practical and effective subaward outcome. Participants will learn:

  • How to stratify subrecipient organizations based on award size and risk.
  • How to craft subaward agreements with post-award monitoring in mind.
  • All about FFATA, and what it says about subrecipient reporting responsibilities.
  • What subaward monitoring steps are “non-negotiable.”
  • How to create procedures for assuring subrecipient audit compliance.
  • How to draft “management decisions” on subrecipient audit findings.
  • The federal expectations for timely tracking of corrective actions.
  • What role agreed-upon procedure audits of subrecipients should play.
  • How to determine whether a site visit is necessary, and what outcomes are desirable.
  • How to balance effective oversight with supportive technical assistance.
  • What to expect from auditors who will assess pass-through entity procedures.

Join Bob Lloyd, principal of Federal Fund Management AdvisorÔ, for this thorough review of a key federal grants management responsibility.

Who Should Attend?

  • Grant and contract managers
  • Sponsored projects administrators
  • Finance directors
  • Accounting staff
  • Program managers
  • Principal investigators
  • Audit liaisons
  • 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

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Get practical grants management guidance that blends age-old conventional wisdom
with the historic changes in OMB’s uniform guidance:
Add A Practical Guide to Federal Grants Management -
From Solicitation Through Audit, 2nd Edition
to your order!

This comprehensive resource blends age-old conventional wisdom with the historic changes in OMB’s uniform guidance. You'll benefit from the advice of experts on time and effort reporting, procurement under grants, direct charging certain costs, single audit preparations, subrecipient monitoring and much more. The 500+ page softbound book is a valuable management guide, compliance document and training tool for busy grants managers, program directors, financial officers and auditors at nonprofit organizations, educational institutions, and state and local governments.

This valuable resource will help you and your grants management team:

  • Understand the differences between direct and indirect costs
  • Make the subrecipient vs. contractor determination
  • Realize the full impact of OMB’s emphasis on internal controls
  • Understand which familiar elements of time and effort reporting have been retained in the uniform guidance ... and which are new
  • Know the nuances of requirements for subrecipient assessment and monitoring
  • Understand contract clauses in agreements for procurement under grants
  • Apply the general tests of allowability
  • Understand special issues confronting pass-through entities contracting with foreign organizations
  • Know which clauses flow down when crafting a subaward
  • Understand what is meant by a 10% de minimis indirect cost rate
  • Audit the vulnerabilities in your grants management operation
  • Understand what is meant by audit "resolution"
    ...and much more

A Practical Guide to Federal Grants Management is the best insurance policy there is for limiting your organization’s risk of disallowed costs, loss of federal funding and public relations nightmares. Add it to your order today!

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