“The approved budget for the Federal award summarizes the financial aspects of the project or program as approved during the Federal award process. It may include either the Federal and non-Federal share or only the Federal share, depending upon Federal awarding agency requirements. It must be related to performance for program evaluation purposes whenever possible.” (2 CFR §200.308(a))

That’s what the Office of Management and Budget and its federal agency colleagues have to say about your federal grant budget in the uniform grant policy document, sometimes called the “Super Circular.” What they don’t say as clearly is how that budget should be prepared and supported, how it will be reviewed and approved by awarding agencies, and how it must be managed during post-award.

This webinar will provide you practical advice about how to effectively construct, oversee and manage federal grant budgets and present best practices for responding to the federal requirements.

You will learn:

• How to use the standard Application for Federal Assistance (SF-424) to your advantage
• How to employ the federal cost principles in “wordsmithing” budget justifications
• What performance-related “buzz words” you should employ in project narratives
• What costs require prior approval, and how and when to obtain it
• What the feds mean by “advance understandings,” and how to arrange for these when necessary
• How to present information about matching or cost sharing
• How awarding agencies conduct cost analysis of grant budgets
• The procedures that make sense for post-award budgetary control
• How to implement the so-called “10 % rule” on budget modifications
• The rules about cost transfers among separate federal awards
• Specific audit risks associated with budget management

Bob Lloyd, principal of Federal Fund Management Advisor™, will present this informative session. His 40 years of experience with federal grant implementation includes serving as a longtime instructor on cost analysis of grant budgets under contract to HHS. He will use that unique insider exposure to help you exercise maximum budgetary control throughout the entire grant process.

Who Should Attend?

• Grant and contract managers
• Sponsored projects administrators
• Finance directors
• Accounting staff
• Principal research investigators
• Grant project directors
• 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