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OMB’S New Grants Management Proposals: A Briefing for Recipients and Subrecipients

Webinar • Wednesday, February 19, 2020 • 2:00-3:30 p.m. ET

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$249.00 OMB’S New Grants Management Proposals: A Briefing for Recipients and Subrecipients (02.19.20) (On-Demand Recording)

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Webinar Details

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

The Office of Management and Budget is making good on a promise made when it rolled out its grants management overhaul in 2014. A provision of the Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (2 CFR 200) committed the agency to review the hefty document within five years of issuance. The results of that review showed up on January 22, when OMB proposed extensive revisions to the regulation. And alongside are proposed changes to two other existing regulations affecting federal assistance awards and a new rule affecting grant projects performed overseas.

Recipients, subrecipients and independent auditors began asking for clarifications and revisions to the regulation almost as soon as it became effective. So OMB issued FAQs and sanctioned multiple delays in implementation of the regulation’s procurement standards. Then Congress got involved with statutory enactments that have triggered the need for plenty of regulatory “housekeeping.”

What OMB is now proposing goes beyond simply aligning the rule with those policies. Proposed provisions have been formulated to place even greater emphasis on recipient and subrecipient performance and to champion numerous Trump Administration policy priorities — including some controversial ones. Interested stakeholders have until March 23 to comment.

This webinar briefing will analyze and evaluate the recent OMB proposals. You’ll hear about proposals to:

  • Upgrade merit review procedures for all discretionary federal assistance awards
  • Maximize “Buy American” preferences in grant-funded procurements
  • Promote free speech at institutions receiving federal grants
  • Standardize financial transaction terminology involving time periods and obligations
  • Allow federal agencies to use risk-based analyses to impose less-restrictive conditions on deserving organizations
  • Prohibit federal agencies from using non-authoritative policies in award terms and conditions
  • Emphasize machine readable formats in the collection of grant-related data
  • Extend required closeout time periods for recipients to accommodate subrecipient closeouts
  • Allow for broader use of the de minimis indirect cost rate
  • Modify and add definitions of key terms, and rework the numbering

The “Super Circular” or uniform guidance is the critical mass of requirements affecting your federal grants. Join Bob Lloyd, principal of Federal Fund Management Advisor™, for this timely briefing about how those requirements may change in the months ahead.

WHO SHOULD ATTEND:

  • Grant and contract managers
  • Sponsored programs administrators
  • Grant project directors
  • Chief executives
  • Finance directors
  • Accounting staff
  • Legal counsels
  • 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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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!

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