“We’ll help you if you help yourself.” The sentiment is as old as philanthropy. One way that it manifests itself these days is in the form of federal requirements for recipients (and perhaps subrecipients) to provide a nonfederal share of the resources needed to carry out a grant program or project.
Requirements that limit federal participation in the total cost of a federal award mean that awardees must find and use nonfederal resources that meet a variety of underlying conditions. Failure to do so can have what the auditors call a “direct and material effect” on how much federal money you’ll get to keep when your grant or subgrant is settled up. So, understanding how to handle your nonfederal share is a critical element of grants management success.
This webinar will help you gain that knowledge and update you on the relevant policy changes that show up in the new “Super Circular” (2 CFR 200) issued by the Office of Management and Budget. You’ll get answer to these — and similar — questions:
- Matching or cost sharing … what’s the difference?
- “Hard match” vs. “soft match”; “cash” vs. “in-kind” — What do the terms really mean?
- How does the term “leveraging” enter the picture?
- What conditions must be met so that nonfederal resources are acceptable?
- Which management policies apply to use of the nonfederal share? Which ones don’t?
- What are the standards for documenting matching or cost sharing?
- What tools can we use to value third-party in-kind contributions?
- How do requirements for maintenance of effort or earmarking affect the nonfederal share?
Join Bob Lloyd, principal of Federal Fund Management Advisor™, for this timely, in-depth briefing.
WHO SHOULD ATTEND?
- Grant and contract managers
- Sponsored projects administrators
- Program managers
- Finance directors
- Accounting staff
- 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
Federal Fund Management Advisor™ is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.