Grant recipients have reason to be skeptical when they hear that a new federal policy is going to reduce grants management burden. That may explain why so few primary grantees have taken advantage of an instrument that the Office of Management and Budget (OMB) slipped into the Uniform Guidance a few years ago — the fixed amount subaward.
This involves making up-front decisions that certain subaward activities lend themselves to pared down agreements that can eliminate many of the post-award features involved in traditional cost-reimbursable agreements. When the federal awarding agency approves a fixed amount subaward, there’s “no expected routine monitoring of the actual costs incurred” and “no financial reporting required.” And when project activities are completed in accordance with the subaward terms and conditions, “the subrecipient is entitled to any unexpended funds.”
So where do you sign up and what do you do next? Right this way, as this webinar will provide direction on how to arrange for and implement this streamlined grants management tool. You’ll learn:
- What’s been the positive experience with fixed amount subawards
- The guidance must federal agencies follow when approving their use
- The types of program activities that lend themselves to fixed amount subawards
- How to build fixed amount subawards into federal grant applications
- How to formulate performance-based narratives describing program activities
- How to craft the budget that serves as the basis for the fixed amount
- Which subaward features are expressly waived
- The general Uniform Guidance policies still apply
- What’s left to audit
WHO SHOULD ATTEND:
- Resource development personnel
- Grant project directors
- Sponsored projects administrators
- Grant and contract managers
- Subrecipient monitors
- Finance directors
- 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 1.8 CPE Credits