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Creative Subawarding of Federal Grants

Webinar • Thursday, April 8, 2021 • 2:00-3:30 p.m. ET

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$249.00 Creative Subawarding of Federal Grants (04.08.21) (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

Even before the coronavirus pandemic swelled the size of existing federal aid programs, the structural design of those programs called for awards to primary recipients who, in turn, are expected to subaward to dozens or, at times, even hundreds of subrecipients. Subawarding federal grant funds is certainly not a cottage industry.

It’s not surprising, then, that requirements for managing and monitoring subrecipients occupy such a prominent place in the federal rule book. Unfortunately, though, that has led many primary recipients to assume that the subawards they make and the procedures they use for overseeing them have to look the same. Burdensome consequences abound.

A closer look at the rules, however, shows that there is room for considerable flexibility — and even creativity — in crafting accountable and compliant subawards. During this webinar, we’ll delve into:

  • Creative program design strategies
  • Up-front due diligence to reduce non-compliance risk
  • Stratifying your subaward “universe” to place management emphasis where needed
  • How to fashion stronger subawards for high-risk subrecipients
  • Finding ways to loosen the reins on subrecipients that can manage well
  • Convincing federal awarding agencies to permit fixed-amount subawards
  • Features of fixed amount subawards that can actually reduce burden
  • Building prior approvals and advance understandings into subaward documents
  • Cost sharing and program income approaches to maximize resources
  • Reporting flexibilities that can still produce transparency
  • Sensible and differential monitoring techniques
  • Reliance on subrecipient single audit reports and management letters

“One size fits all” seldom works in any endeavor. It’s also true in federal grants management. Instead, join Bob Lloyd, principal of Federal Fund Management Advisor,™ to learn how to use the government’s own rules to creatively tailor your subaward portfolio to balance performance and accountability.

WHO SHOULD ATTEND:

  • Project directors
  • Principal investigators
  • Grants managers
  • Sponsored projects administrators
  • Executives
  • Resource development staff
  • Compliance officers
  • 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 1.5 CPE Credits

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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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