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Recent Revisions to OMB’s Uniform Guidance

Webinar • Tuesday, April 23, 2024 • 2:00-4:00 p.m. EDT

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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

Credit Information

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State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417.

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After more than a year of intense review and revision, the Office of Management and Budget has released its long-awaited overhaul of  Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 C.F.R. Part 200). When work began on the hefty collection of grants guidancepolicies, OMB committed to resolving previous interpretation arguments, filling policy gaps, eliminating low-value procedural steps, and delivering on burden reduction. 

It was a pretty tall order, but it looks like OMB might actually have achieved some of those objectives. The extensive comments OMB received on its draft proposal provided the roadmap to craft revisions released on April 4 that:

  • Update dollar thresholds for single audit coverage and management of grant-acquired property
  • Reduce the need for future policy “band-aids” like long lists of Frequently Asked Questions
  • Provide clearer guidance about how to differentiate between subrecipients and contractors and what to do next
  • Clean up the previously disjointed standards for procuring goods and services
  • Reinforce policies assuring fairer indirect cost recovery 
  • This webinar will alert you to what's changed and what hasn't, and provide tips to kick start your implementation of the new rules.

This webinar will alert you to what’s changed and what hasn’t, and provide tips to kick start your implementation of the new rules.

Throughout his 40-year career dealing with federal grant implementation, presenter Bob Lloyd has tracked OMB's policymaking and federal agency responses in ways that will provide a broad and practical perspective about what's ahead for your organization.

Who Will Benefit:

  • All leaders and staff members who have program or administrative responsibilities for the federal grants and subawards received by their organizations.

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 2.4 CPE Credits


YOUR EXPERT(S):

Bob Lloyd

BOB LLOYD is a respected authority on policies and practices affecting the award, administration and oversight of federal grants, contracts and subawards. Mr. Lloyd has nearly 40 years of experience in federal award implementation. Prior to starting his management consulting practice in Washington, D.C., in 1982, he served as the executive director of the Grants Management Advisory Service and held staff positions in two large federally funded organizations. Since then, he has been a consultant, trainer or advisor to award and audit units in sixteen federal award-making departments and agencies, and to recipient and subrecipient organizations and their professional advisors located in all 50 states, the District of Columbia, several U.S. territories and 18 foreign countries. He is the principal author of A Guide to OMB Grant Reform and several other reference works on federal grants management and audits, and currently serves as contributing editor to Federal Grants News, published by Thompson Grants. He also is a Charter Life Member of the National Grants Management Association and served on its Board of Directors for five years. Contact Bob Lloyd at consultlloyd@aol.com or 864-235-8680.

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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, 3rd Edition
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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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