Managing Grant - Acquired Property

Webinar • Thursday, March 28, 2019 • 2:00-3:30 p.m. ET

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$249.00 Managing Grant - Acquired Property (03.28.19) (On-Demand Recording)

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$249.00 Managing Grant - Acquired Property (03.28.19) (CD Only)
Webinar Details

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

Recommended Field of Study: Specialized Knowledge and Applications

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 award funds. And now there’s a new wrinkle: the Trump Administration is floating the idea of 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 the kind of property involved — equipment, supplies, real estate or intellectual property. Across the board, compliance with the applicable requirements is readily auditable and findings of noncompliance almost always demonstrate deficiencies of internal control. Small wonder, then, that auditors spend time looking at what they know is fertile territory.

With grant-acquired property so much in the cross-hairs, it makes sense to gain a solid understanding of the applicable requirements, particularly those that were changed or clarified in OMB’s “Super Circular.” This webinar will update you on what’s required and what actions you need to take 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 Trump Administration proposals;
  • Link purchasing actions with property management best practices;
  • Define various types of grant-acquired assets;
  • Sort through the confusing policies about copyrights, patents and other intellectual property;
  • 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; and
  • Recognize areas of audit vulnerability.

Join Bob Lloyd, principal of Federal Fund Management Advisor™, for this fast-paced and thorough session.

WHO SHOULD ATTEND:

  • Finance directors
  • Purchasing agents
  • Inventory managers
  • Facilities managers
  • Accounting staff
  • Grant and contract specialists
  • Sponsored projects administrators
  • 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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