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Assessing Subrecipient Management Capacity

Webinar • Thursday, July 22, 2021 • 2:00-3:30 p.m. ET

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$249.00 Assessing Subrecipient Management Capacity (07.22.21) (On-Demand Recording)
Webinar Details

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

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

The massive amount of grant funding that the federal government has rolled out in response to the pandemic means that many direct grant recipients are entering the “subaward business” for the first time. Others with experience making subgrants are now dealing with many more subrecipients — and a lot more money.

So, it’s not surprising that there’s plenty of nervousness in the air. Federal officials have made some efforts to simplify grants administration, yet are still issuing regular warnings about accountability for the funds. One way that “pass-through entities” are required to assure accountability is by performing risk assessments of subrecipients. The applicable federal rules, however, provide little guidance about when and how to judge whether a particular subrecipient represents a real risk of noncompliance.

This webinar will fill the gap. Starting with how to use the information sources that pass-through entities should access to assess subrecipients, and covering additional assessment tools, this session will help you draw sound conclusions and respond with appropriate actions. You’ll learn:

  • What information sources pass-through entities are required to tap into
  • The critical information to gather from subrecipients at their application stage
  • When it’s appropriate to vary the depth of the assessments for selected subrecipients
  • How to evaluate subrecipient financial and program personnel credentials
  • How to gauge staff understanding of current federal grant requirements
  • What gaps in subrecipient management policies spell trouble
  • How to judge the financial capacity of subrecipients, and why that’s important
  • How to verify and use previous subrecipient single audits
  • What other oversight tools are, or may be, available
  • What responses to subrecipient weaknesses make sense

Bob Lloyd, principal of Federal Fund Management Advisor™, will conduct this authoritative session. Remember, as “an ounce of prevention is worth a pound of cure,” being efficient and effective in assessing subrecipient management capacity will strengthen your confidence about your subrecipient universe.

WHO SHOULD ATTEND:

  • Grant managers
  • Sponsored projects administrators
  • Project directors
  • Subaward monitors
  • Finance directors
  • Accounting staff
  • Legal counsels
  • Internal auditors
  • External auditors

Join Bob Lloyd, principal of Federal Fund Management Advisor™, for this unique session.

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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  • 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
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