A large number of individual federal grant programs involve transferring millions of dollars to assist dozens, scores or even hundreds of “lower tier” organizations to carry out funded projects. Funds are transferred via unique documents known as “subaward agreements.” These agreements impose stewardship requirements on the pass-through entity making the award as well as on the subrecipient receiving it.
Unfortunately, the instructions about what to do when subawarding federal funds are spread across numerous provisions of the Office of Management and Budget’s uniform guidance (2 CFR 200). However, OMB largely leaves the “how to do it” up to you.
This webinar pulls the requirements together into a cohesive whole to show you how to appropriately use the subaward agreement as your best management tool. We’ll answer these and other questions:
- What characteristics of a subaward are determined by agreement terms and conditions?
- How does the required risk assessment of subrecipients get reflected in the subaward agreement?
- Which requirements imposed on pass-through entities “flow through”?
- Which federal requirements don’t?
- What options exist for pass-through entities to impose “supplemental “requirements?
- How should monitoring procedures be documented in the subaward agreement?
- What accountability features are appropriate for subrecipients that are exempted from the single audit requirement?
- How should agreements for authorized fixed amount subawards differ?
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