Managing Grant-Acquired Property
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Webinar • Thursday, April 26, 2018 • 2:00-3:30 p.m. ET

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$249.00 plus $12 S&H

$249.00 Managing Grant-Acquired Property [2018] (CD Only)
Webinar Details

Subject: Post-award

Prerequisites: Some knowledge of federal grant management and audit requirements is helpful

Recommended Field of Study: Specialized Knowledge and Applications, Accounting (including Government Accounting)

Program Knowledge Level: Basic

Advanced Preparation: None

The Office of Management and Budget and its federal awarding agency colleagues have been on a mission — to assure that federal grant recipients and subrecipients “establish and maintain effective internal control” over the property acquired with the funds made available to them. But now there’s an additional wrinkle: The Trump Administration has floated some new requirements about recovery and disposition of federally funded assets as part of its proposed infrastructure rebuilding program.

The rules for use, management, reporting and disposal of that property are already complicated. And they vary depending on what kind of property is involved — equipment, supplies, real estate or intellectual property. But a couple of things are certain across the board. Compliance with the applicable requirements is readily auditable, and findings of noncompliance almost always demonstrate deficiencies of internal control. So, it’s little wonder that auditors spend so much time looking at what they know is fertile territory.

With grant-acquired property so much in the crosshairs, it makes sense to gain a solid understanding of the applicable requirements now, particularly those that were changed or clarified in OMB’s recently issued “Super Circular.” This webinar will enable you to understand the requirements and discharge your responsibilities effectively to safeguard these federally funded assets.

You’ll learn how to:

  • Differentiate between “government-furnished” and “grant-acquired” property, and why that’s important — particularly in light of new Trump Administration proposals
  • Link purchasing actions with best property management practices
  • Define various types of grant-acquired assets
  • Determine cost allowability for computing devices
  • Choose among acceptable accounting methods for withdrawal of assets already in stock
  • Create necessary property records with required data elements
  • Craft compliant policies related to authorized use and prudent maintenance
  • Decide about disposition of assets at the conclusion of a grant project or program
  • Address property issues at award closeout and afterward
  • Recognize areas of audit vulnerability

Join Bob Lloyd, principal of Federal Fund Management AdvisorÔ and a respected authority on federal grants management policies, for this fast-paced and thorough session.

Who Should Attend?

  • Grant and contract managers
  • Sponsored projects administrators
  • Executives
  • Finance directors
  • Purchasing agents
  • Procurement directors
  • Human resources professionals
  • Federal program managers
  • Principal investigators
  • Accounting staff
  • 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

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Finally! A practical guide to grants management.

Get practical grants management guidance that blends age-old conventional wisdom
with the historic changes in OMB’s uniform guidance:
Add A Practical Guide to Federal Grants Management -
From Solicitation Through Audit, 2nd Edition
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This comprehensive resource blends age-old conventional wisdom with the historic changes in OMB’s uniform guidance. You'll benefit from the advice of experts on time and effort reporting, procurement under grants, direct charging certain costs, single audit preparations, subrecipient monitoring and much more. The 500+ page softbound book is a valuable management guide, compliance document and training tool for busy grants managers, program directors, financial officers and auditors at nonprofit organizations, educational institutions, and state and local governments.

This valuable resource will help you and your grants management team:

  • Understand the differences between direct and indirect costs
  • Make the subrecipient vs. contractor determination
  • Realize the full impact of OMB’s emphasis on internal controls
  • Understand which familiar elements of time and effort reporting have been retained in the uniform guidance ... and which are new
  • Know the nuances of requirements for subrecipient assessment and monitoring
  • Understand contract clauses in agreements for procurement under grants
  • Apply the general tests of allowability
  • Understand special issues confronting pass-through entities contracting with foreign organizations
  • Know which clauses flow down when crafting a subaward
  • Understand what is meant by a 10% de minimis indirect cost rate
  • Audit the vulnerabilities in your grants management operation
  • Understand what is meant by audit "resolution"
    ...and much more

A Practical Guide to Federal Grants Management is the best insurance policy there is for limiting your organization’s risk of disallowed costs, loss of federal funding and public relations nightmares. Add it to your order today!

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