Making good on a required commitment for timely review of its Uniform Administrative Requirements, Cost Principles and Audit Requirements (2 CFR 200), the Office of Management and Budget published revisions to this comprehensive regulation in the Aug. 13 Federal Register. The revisions update the “uniform guidance” as necessary by statutes enacted and executive orders and administration policies issued since the guidance took effect in 2014. The update also provides needed clarifications.
To get here, OMB sorted through hundreds of public comments they received earlier this year. Not every stakeholder will be satisfied with the results. The new policies take effect 90 days following publication and will impact how federal agencies, pass-through entities, recipients and subrecipients operate going forward.
So, what do recipients, subrecipients and independent auditors need to know now — and do going forward? This webinar will provide the answers. You’ll learn about:
- Clarification of key concepts like “performance period” and “budget period” and their impact on cost charging
- Actions federal agencies must take to enhance program performance and results
- Revisions to dollar thresholds for grantee procurements to align with statutory requirements
- “Buy American” policies for acquisitions of supplies, equipment and services
- Expanded use of the de minimis method for the recovery of indirect costs
- The adjusted role of pass-through entities in recognizing subrecipient indirect costs
- Public posting of portions of federally negotiated indirect cost rate agreements (NICRAs)
- Broader federal agency authority for termination of grant awards
- Changes to award closeout procedures intended to improve timeliness
- Numerous “down in the weeds” but all important definitional changes
- Open stakeholder issues that were left unresolved
Bob Lloyd, principal of Federal Fund Management Advisor™ and an acknowledged authority on policies and practices affecting the award, administration and audit of federal grants, will conduct this comprehensive and timely briefing.
WHO SHOULD ATTEND:
- Sponsored projects administrators
- Accounting staff
- Grant and contract administrators
- Grant project directors
- Principal research investigators
- Executives
- Finance directors
- Purchasing agents
- 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 2 CPE Credits