Office of Management and Budget officials started their comprehensive review of the “Uniform Guidance with an ambitious deadline: complete the task in 2023. But wading through hundreds of detailed comments they received and deciding what to do about them has caused OMB to hit the reset button. Now, they’re targeting release of a new version during the first quarter of 2024. 

Predicting the future may be risky, but trolling through those comments can provide some good evidence about what likely will be forthcoming. Based on an analysis and evaluation of the comments, this webinar will highlight the features in the Uniform Guidance that are likely to emerge. And we’ll offer “readiness steps” for recipients and subrecipients to start crafting in anticipation of federal grants management rules that they’ll be living with for the foreseeable future.

The webinar will cover:

• Revised dollar thresholds:
  • Single audit coverage
  • Equipment and supplies
  • Fixed amount awards
  • Modified total direct cost base
• Asserted burden reduction measures:
  • Overhaul of prior approvals
• Updated definitions
• Needed clarifications of existing policies:
  • Subrecipient and contractor determinations
  • Incurring closeout costs
• Challenges to controversial proposals

Bob Lloyd, principal of Federal Fund Management Advisor™, will lead this discussion. Bob has been tracking OMB grants management and audit policies since starting his management consulting practice in 1982. Importantly, he has also been effectively providing insight about them to federal agencies, recipients, subrecipients and their professional advisors. Join us for this timely and thorough “prep talk.”

WHO SHOULD ATTEND:

• Grant and contract administrators
• Sponsored programs specialists
• Grant program managers
• Executives
• Finance directors
• Legal counsels
• Human resource 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 1.8 CPE Credits