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Effectively Closing Out Your Federal Grant Awards

Webinar • Tuesday, August 23, 2022 • 2:00-3:30 p.m. ET

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$249.00 Effectively Closing Out Your Federal Grant Awards (08.23.22) (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

Federal grantor agencies have grown impatient with tardy grant closeouts. After the Government Accountability Office (GAO), the investigative arm of Congress, took a hard look at why grant accounts with billions of dollars in undisbursed funds were still awaiting closeout, things got serious. Not surprisingly, when GAO asked for answers, the federal agencies said much of the fault lied with steps not taken by recipients and subrecipients.

So there is much pressure on nonfederal entities to closeout awards in a timely manner. And you can be sure that the end of the federal fiscal year on Sept. 30 will mark a crunch time for a lot of awards. In this environment, it’s clear that you’re going to need to take effective steps to conduct what will continue to be a high-profile activity, and you’ll need to be fully aware of the responsibilities that live on after closeout is accomplished.

This webinar will focus on how best to accomplish timely and effective grant closeout. You’ll get answers to these questions:

  • What are likely to be the closeout pressure points?
  • How has OMB ramped up the required closeout procedures?
  • What are the routine and “not-so-routine” closeout tasks?
  • Which financial, performance and property reports will be due — and when?
  • What is the best way to settle up obligations incurred and cash received?
  • What prerogatives exist for retaining or disposing of grant-acquired property?
  • What do the rules say about closeout of subawards?
  • How does closeout of individual awards align with the single audit requirement?
  • What continuing records retention and access responsibilities remain after closeout? 
  • How are closeout activities charged after the performance period ends?

The heat has been turned up on grant closeout. Attend this timely session to make sure you’re ready. Join Bob Lloyd, principal of Federal Fund Management Advisor™.

WHO SHOULD ATTEND:

  • Grant and contract managers
  • Sponsored projects administrators
  • Grant project directors
  • Principal investigators
  • Finance directors
  • Accounting staff
  • Property managers
  • 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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  • Know which clauses flow down when crafting a subaward
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