During the recent holidays, you probably heard someone proudly announce that a tasty dish was made “from scratch.” In other words, it didn’t come “ready-made” or “from a box”! Well, grant recipients that are passing federal funds through to subrecipients would be wise to apply the “scratch made” concept to the subaward agreements that they use to transfer those funds.
It has been shown, time and again, that poorly drafted and defective subaward agreements are a common underlying cause for noncompliance, control weaknesses and questioned costs. So, whether your organization is venturing into subawards for the first time or has been making them for years, a timely, zero-based examination of what “ingredients” need to go into those agreements is a smart move.
This webinar will help you craft sound subaward agreements that properly:
- Document your “federal assistance intent”
- Perform the required duties of a pass-through entity
- Assure accurate reporting of subaward obligations under the Transparency Act
- “Flow-through” the correct requirements from the primary grant award
- Leave out elements that don’t belong in a federal assistance subaward
- Consider use of “special” requirements for higher risk subrecipients
- Review and properly recognize subrecipient indirect cost recovery rates
- Incorporate the subaward work program and performance expectations
- Identify and include prudent award management clauses
- Craft subaward closeout instructions
- Alert subrecipients and their auditors about required single audit coverage
The “recipe” for subaward agreements contained in the federal “uniform guidance” (2 CFR 200) provides only limited instructions for how to prepare these key documents. Join Federal Fund Management Advisor for this timely and practical session that will help you craft sound and complete agreements.
WHO SHOULD ATTEND:
- Chief financial officers
- Legal counsels
- Grant and contract specialists
- Sponsored projects administrators
- Accounting staff
- Grant project directors
- 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