Thousands of federal grant awards have been targeted for termination by the Trump administration, with help from the Department of Government Efficiency (DOGE), headed by Elon Musk. Most of the termination notices are terse, and the stated bases for the terminations are often purposely ambiguous.
Many recipients and groups representing them have become plaintiffs in lawsuits seeking to slow down or stop the adverse actions. Unfortunately, however, some terminations are proceeding, and many of the subsequent grant terminations are being conducted under duress.
New provisions, effective October 2024, of the Office of Management and Budget’s “uniform guidance” (2 CFR 200) concern the allowability of closeout costs regardless of the reason for ending the grant. Unfortunately, these provisions also leave many questions unanswered.
This webinar will analyze and evaluate closeout procedures and tie them to the applicable cost principles so your organization can effectively support and maximize your equitable claims, especially in times of stress. You’ll learn about:
- A word or two about appeals and lawsuits
- Allowability and timing of closeout costs
- How to perform the mandated steps of closeout
- Reconciliation of claims and cash
- Charging indirect costs
- Timing and content of final reports
- Disposition of grant-acquired property
- Identifying cancellable obligations
- Identifying and defending non-cancellable obligations
- Special rules affecting:
- Subawards
- Space occupancy
- Paid time off
- Severance pay
- What matters are not affected by closeout?
- Continuing accountability
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 1.8 CPE Credits