Instructions from the Office of Management and Budget to federal agencies implementing grants authorized under the massive CARES Act — the Coronavirus Aid, Relief, and Economic Security (CARES) Act — set high expectations for balancing somewhat conflicting objectives. Among those are “expediency” and “accountability.”
The expediency piece means that federal officials have been getting grant funds out the door as quickly as possible to positively impact the economy. And they’ve been doing so by providing some welcome administrative flexibility. But the accountability piece still looms. For organizations that pass grant funds on to others, that accountability will still largely be accomplished through careful subrecipient monitoring.
Oversight of federal subawards by pass-through entities is difficult enough under normal circumstances. But the current high volume of CARES Act subawards and the diminished capacity to conduct in-person visits because of the COVID19 pandemic are combining to make that job even more challenging.
But the monitoring requirement is not going away. If anything, now more than ever, pass-through entities are expected to exercise effective oversight of their subrecipients. This webinar is designed to help you meet this objective. You’ll learn how to:
- Organize your current expanded subrecipient universe
- Understand the importance of the pre-award risk assessment as a monitoring tool
- Consider appropriate revisions to your templates for subaward agreements
- Create compliance incentives for subrecipients
- Determine what sources of “third party” information could inform your monitoring
- Render effective up-front technical assistance
- Investigate options pass-through entities have for imposing financial and performance reporting
- Process and use subrecipient single audit reports
- Interact effectively when site visits are unworkable
- Implement lessons learned from the current monitoring approaches of federal agencies
Conducting subrecipient monitoring from a distance requires creative use of the applicable federal policies and smart resource allocation. Sign up for this timely and informative session to strengthen your oversight skills and practices. It will be presented by Bob Lloyd, principal of Federal Fund Management Advisor.™
WHO SHOULD ATTEND:
- Grant and contract managers
- Sponsored projects administrators
- Finance directors
- Accounting staff
- Program managers
- Principal investigators
- 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