“We’ll help you if you help yourself.” The sentiment is as old as philanthropy. One way it manifests itself is in the federal requirements for recipients (and perhaps subrecipients) to provide a nonfederal 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 nonfederal resources that meet a variety of underlying conditions. Failure to do so can have what 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.
Understanding how to handle your nonfederal share is a critical element of grants management success. During this webinar you’ll gain knowledge of the key statutory and regulatory policies that address matching and cost sharing and how to use them to advantage. You’ll get answers to these — and other — questions:
- Matching or cost sharing … What’s the difference?
- “Hard match” vs. “soft match.” “Cash vs. in-kind.” What do these concepts really mean?
- How does the term “leveraging” impact your practices?
- What conditions must be met in determining acceptable nonfederal resources?
- Which management policies apply to use of the nonfederal share? Which ones don’t?
- What standards should be used for documenting matching or cost sharing?
- What tools are best used to value third party in-kind contributions?
- How do requirements for “maintenance of effort” or “earmarking” affect the nonfederal share?
- What are the consequences if you mess up?
- Can a nonfederal shortfall be fixed and, if so, how?
Join Bob Lloyd, Principal of Federal Fund Management Advisor™, for this timely, in-depth briefing.
WHO SHOULD ATTEND:
- Program managers
- Principal investigators
- Internal auditors
- External auditors
- Finance directors
- Grant and contract managers
- Sponsored projects administrators
- Accounting staff
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