Manage Fixed Obligation and Performance-Based Grants
One of the really big changes resulting from the federal government’s recent grant reform initiative is broad authorization for use of fixed amount awards and subawards. While a few federal agencies have “experimented” with these types of arrangements in the past, the U.S. Office of Management and Budget has spread the word government-wide that the method is an acceptable way to award and administer federal assistance.
OMB has also made it clear in a number of ways that it wants to see in the grants arena at least as much attention devoted to performance as to compliance. It’s asserting that these fixed amount awards are one way to achieve that. But the new policies involved represent such a significant departure from the traditional model of awarding assistance that many federal agencies, pass-through entities and recipients are having a tough time getting their arms around how these awards are supposed to work.
This webinar will analyze the applicable federal policies and address the many questions that have arisen. It will explore the advantages and disadvantages of fixed amount awards from the perspective of federal awarding agencies and pass-through entities, as well as from a recipient or subrecipient viewpoint.
You will learn about:
- What circumstances lend themselves to the use of fixed amount awards and subawards
- How federal agencies are addressing pass-through entity authority to permit fixed amount awards
- How the new federal cost principles should be used to arrive at actual fixed amounts
- How payment procedures should be structured to leverage performance
- What administrative procedures will apply to the expenditure of funds
- When and how fixed amount awards will be audited
Opportunities to make fixed amount awards and to receive them are multiplying in the current federal assistance environment. Whether you are already involved with these new instruments or you want to be ready when these types of awards arise, this webinar will position you well.
Presenter Bob Lloyd, principal of Federal Fund Management Advisor, has many years of experience dealing with detailed interactions between recipients, subrecipients and federal grantor agencies.
Prerequisites: Some knowledge of federal grant management and audit requirements is helpful
Advanced preparation: None
Attendees will receive presentation slides as well as access to background documents.
BOB LLOYD is a respected authority on policies and practices affecting the award, administration and oversight of federal grants, contracts and subawards. Mr. Lloyd has more than 40 years of experience in federal award implementation. Prior to starting his management consulting practice in Washington, D.C., in 1982, he served as the executive director of the Grants Management Advisory Service and held staff positions in two large federally funded organizations. Since then, he has been a consultant, trainer or advisor to award and audit units in 16 federal award-making departments and agencies, and to recipient and subrecipient organizations and their professional advisors located in all 50 states, the District of Columbia, several U.S. territories and 18 foreign countries. He is the principal author of A Practical Guide to Federal Grants Management — From Solicitation Through Audit and several other reference works on federal grants management and audits, and currently serves as contributing editor to Federal Grants News, published by Atlantic Information Services. He also is a Charter Life Member of the National Grants Management Association and served on its Board of Directors for five years.
Who Should Attend?
- Grant and contract managers
- Sponsored projects administrators
- Finance directors
- Accounting staff
- Legal counsels
- Principal investigators
- Internal auditors
- External auditors
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).