OMB’S New Grants Management Flexibilities: What You Need to Know Now

Webinar • Tuesday, April 13, 2021 • 2:00-3:30 p.m. ET

See Webinar Catalog › View Your purchased
on-demand webinar(s) ›
REGISTER NOW

Please enter your desired quantity.

On-Demand Recording
$249.00
(Available for viewing
until 04.13.2022)


$249.00 OMB’S New Grants Management Flexibilities: What You Need to Know Now (04.13.21) (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

The Office of Management and Budget (OMB) has rolled out a new set of grants management flexibilities to implement the American Rescue Plan Act (ARPA), the recent $1.9 trillion response to the continuing public health and economic fallout from the COVID-19 pandemic. OMB is permitting so-called “class deviations” from some significant existing federal assistance regulations and has told grantor agencies to take full advantage of authority they already have to make case-by-case exceptions to others.

Further, the new combination of waivers, time extensions, and cost-related changes can be applied to all federal grant programs not just those COVID-19-related awards under ARPA. Thus, OMB is allowing federal agencies to step away from some of the more constrictive requirements contained in the uniform guidance. But, it’s up to the agencies to actually implement the flexibilities — and it’s up to recipients to know what they are and to try to obtain them.

OMB’s broad moves replicate similar action it took in March 2020, with two key differences. First, the new flexibilities are not all specifically time-limited. And, perhaps more importantly, OMB plans to monitor the agencies to see that they actually use the flexibility they’ve been given. 

This timely webinar will provide you with the tools to pursue administrative relief from a recipient perspective. You’ll learn:

  • What flexibilities are available
  • How they are supposed to operate
  • How to seek and obtain their inclusion in your federal grant awards
  • How to balance flexibility and accountability

Join Bob Lloyd, principal of Federal Fund Management AdvisorTM and a respected authority on federal assistance policies, for this thorough and practical examination of OMB’s latest major grants policy initiative.

WHO SHOULD ATTEND:

  • Grant and contract managers
  • Sponsored programs administrators
  • Project directors
  • Executives
  • Finance directors
  • Legal counsels
  • Accounting staff
  • 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

Select to add to your shopping cart.

Add the 2nd edition of A Practical Guide to Federal Grants Management for just the price of shipping!


Finally! A practical guide to grants management.

Get practical grants management guidance that blends age-old conventional wisdom
with the historic changes in OMB’s uniform guidance:
Add A Practical Guide to Federal Grants Management -
From Solicitation Through Audit, 2nd Edition
to your order!

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!

Federal Fund Management Advisor

About Us
Manage Account

Contact

 1.888.265.0600
 service@federalfundmanagement.com