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Subrecipients Risk Assessment — What’s Required and What Else Makes Sense?

Webinar • Tuesday, April 26, 2022 • 2:00-3:30 p.m. ET

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$249.00 Subrecipients Risk Assessment — What’s Required and What Else Makes Sense? (04.26.22) (On-Demand Recording)
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

So much federal grant activity these days centers on subawarding. The massive federal programs enacted in response to the pandemic, as well as programs that have been in place for years, are designed to turn primary recipients into pass-through entities that subgrant funds to a broad collection of government, nonprofit and commercial subrecipients.

The applicable federal rules in the Office of Management and Budget’s “Uniform Guidance” (2 CFR 200) require that pass-through entities must “evaluate each subrecipient’s risk of non-compliance with federal statutes, regulations and the terms and conditions of the subaward.” While the evaluation is mandatory, the rules only suggest a few factors that should be taken into account. They don’t hint about what other questions to ask before making a subaward, nor do they specify what you should do once you’ve gathered the information.

This practical webinar will help you fill those big gaps and craft an effect process for assessing subrecipient risk. You’ll learn about:

  • Resources to assess a subrecipient’s past performance
  • How to check a subrecipient’s audit history, and what to do next
  • Features of management systems that subrecipients should have in place
  • How to judge the qualifications of a subrecipient’s administrative and program personnel
  • The transition to Uniform Entity Identifier (UEI) numbers for subrecipients
  • Revised requirements for reporting under the Federal Funding Accountability and Transparency Act (FFATA)
  • Program features that lend themselves to use of fixed amount subawards, and how to obtain needed permission
  • Appropriate steps for imposing special subaward agreement conditions on “higher risk” subrecipients
  • How to exercise “differential accountability” by varying post-award monitoring techniques

If your organization is in the business of subawarding federal grant funds, this webinar is for you. Join presenter Bob Lloyd, principal of Federal Fund management Advisor,™ for this timely session aimed at building your risk assessment capacity.

WHO SHOULD ATTEND:

  • Grant and contract managers
  • Sponsored projects administrators
  • Grant project directors
  • Executives
  • Finance directors
  • Subaward coordinators
  • 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

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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:

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  • 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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