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What Coronavirus Relief Fund Subrecipients Need To Know About Federal Grant Requirements

Webinar • Tuesday October 27, 2020 • 2:00-3:30 p.m. ET

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$249.00 What Coronavirus Relief Fund Subrecipients Need To Know About Federal Grant Requirements (10.27.20) (09.29.20) (CD Only)
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

The Coronavirus Aid Relief and Economic Security (CARES) Act created massive funding streams that were distributed quickly. The purpose: to inject cash into the economy and pay for the extraordinary expenses brought on by the COVID-19 pandemic. With those objectives in mind, the federal agencies administering the funds sought to avoid placing unduly burdensome requirements on primary recipients while still demanding accountability.

A prime example is the Treasury Department’s $150 billion Coronavirus Relief Fund (CRF). Funds from that program have been allocated to each state and to large local governments. These jurisdictions are turning around and providing literally thousands of subawards to “lower tier” local governments, nonprofit organizations and commercial firms.

Treasury imposed only three requirements on primary recipients under the Office of Management and Budget uniform guidance (2 CFR 200): internal controls, subrecipient management and monitoring, and audit. However, those policies have broad implications, particularly since primary recipients were given flexibility in how they address them and flow them through to subrecipients.

But sooner or later — probably sooner because of the program’s spending deadline of December 31, 2020 — someone, or several someones, will be asking whether federal accountability has been maintained.

This webinar offers a close look at what to expect from upcoming oversight of this unprecedented funding — from a subrecipient perspective:

  • Subrecipient award versus procurement contract: the implications
  • Federal requirements for subaward agreement terms and conditions
  • Pass-through entity prerogatives
  • Eligible activities and cost allowability
  • Payment procedures
  • Imposition of management systems
  • Indirect cost recognition
  • Back-up documentation and records requirements
  • Financial and performance reporting
  • Single audit compliance

Join Bob Lloyd, principal of Federal Fund Management Advisor,™ for this timely and practical session.

WHO SHOULD ATTEND:

  • Grant and contract managers
  • Sponsored projects administrators
  • Principal investigators
  • Program managers
  • Finance directors
  • Accounting staff
  • Department heads
  • Governing body members
  • Executives
  • 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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  • Understand special issues confronting pass-through entities contracting with foreign organizations
  • Know which clauses flow down when crafting a subaward
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