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Revised OMB Uniform Grants Guidance: What You Need to Know Now

Webinar • Thursday, August 27, 2020 • 2:00-4:00 p.m. ET

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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

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

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  • 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
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  • Understand what is meant by audit "resolution"
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