Good to Know: Federal Grants Management Fundamentals for Program Managers

Webinar • Tuesday, January 26, 2021 • 2:00-3:30 p.m. ET

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$249.00 Good to Know: Federal Grants Management Fundamentals for Program Managers (01.26.21) (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

By the time the “story” — such as “Audit Shows Federal Grant Mismanagement!” — airs, the narrative has taken hold: Somebody did something wrong with a federal grant. The reason these cases make news, though, is that they are uncommon. Most often, federal grant noncompliance is a product of honest misunderstandings about confusing and complex federal policies.

Federal funds belong to taxpayers, and recipient organizations have a responsibility to use the funds properly. That’s why preventing misunderstandings, particularly among program managers who are on the frontlines running federally funded projects, should be a high priority for recipient and subrecipient organizations.

This webinar will cover — in layman’s terms — the “critical mass” of federal grant requirements in order to give program managers the confidence that they are doing the correct thing and the judgment to know when to look for policy back-up. We’ll cover:

  • Types of federal awards, and why that’s important
  • Who does what during the life of a grant or subgrant
  • Sources of federal policy and what takes precedence
  • What’s inside grant award agreements
  • How to meet matching and cost sharing requirements
  • How to answer the question: “Can we charge this to our federal grant?”
  • Documenting grant expenses — timesheets and purchasing records
  • Reporting federal “claims” (and why the people in finance act like they do)
  • Who’s looking at you, and what they are looking for
  • What can go wrong, and what can happen if it does

Join Bob Lloyd — principal of Federal Fund Management Advisor™ and a respected authority on federal policies affecting the award, administration and audit of federal grants, contracts and subawards — for this session specifically tailored for program managers.


  • Federal program managers
  • Grant and contract managers
  • Sponsored programs administrators
  • Legal counsels
  • Finance directors
  • Purchasing managers
  • Principal investigators and other research staff
  • 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

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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:

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  • 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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