It’s safe to say that no part of the Office of Management and Budget’s grant reform package (the so-called “Super Circular”) has met with more criticism than the revised policies for purchasing supplies, equipment, services and construction with federal grant funds. And with good reason!
Despite two lengthy rulemaking periods when few commenters cited prior requirements as needing overhaul, OMB proceeded to introduce a host of detailed and confusing rules that were readily condemned as unnecessary, unrealistic and overly prescriptive. Groups representing recipients and subrecipients initially weighed in to such an extent that OMB took the unprecedented step of allowing affected organizations to delay full implementation, first for one year, then for two!
OMB’s rules were still so objectionable that those groups finally took their complaints to Capitol Hill. And Congress has responded. Two separate pieces of legislation have been passed and signed by the president that dial back changes related to so-called micro-purchases. And now, OMB is reportedly reviewing the entire text of its Uniform Administrative Requirements, Cost Principles, and Audit Requirements to identify other topics that may need adjustment, particularly in light of the incoming Trump Administration’s promises of across-the-board deregulation.
Now is a good time to get your arms around this fluid situation and understand what’s actually required as well as what might be forthcoming, including as a result of recent congressional action. When you look at your grant budget, the line items for purchasing actions can add up to a considerable chunk of change. Your auditors will use the more formal term — they’re “material”!
This webinar will help you understand the existing requirements and the current state of flux. You’ll learn answers to questions like:
- What are the acceptable procurement methods going forward?
- What has OMB said about justifications for sole source procurement?
- What is the status of the OMB policy allowing implementation delays?
- What are the new dollar thresholds for micro and small purchases?
- What conditions must be met to use the new thresholds?
- What role will the federal government’s “simplified acquisition threshold” continue to play?
- What are the required features of your procurement code of conduct?
- Have any federal agencies issued supplemental conflict of interest rules?
- What does OMB mean by records of the “significant history of the procurement”?
- What kind of contractor oversight is required?
- What rule changes are likely to get a second look in the new administration?
Join Bob Lloyd, principal of Federal Fund Management AdvisorÔ, for this up-to-date examination of these key federal requirements. Bob has tracked the rules all the way from the proposal stage and will provide you with practical advice about smart implementation.
WHO SHOULD ATTEND?
- Finance directors
- Purchasing agents
- Grant and contract managers
- Sponsored projects administrators
- Federal program managers
- Principal research investigators
- Accounts payable staff
- Legal counsels
- Internal auditors
- External auditors
Attendees will receive presentation slides as well as access to background materials.
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.