No More Delays on Federal Grant Procurement

Webinar • Tuesday, February 6, 2018 • 2:00-3:30 p.m. ET

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$249.00 No More Delays on Federal Grant Procurement (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, Auditing (including Government Auditing)

Program Knowledge Level: Basic

Advanced Preparation: None

There probably isn't any feature of the “super circular” issued by the Office of Management and Budget that has caused more angst than the rules on procurement of goods and services using federal grant funds. For starters, some of the policies were modeled on those that apply to the federal government itself, and frankly, those features do not fit most recipient and subrecipient organizations very well.

Beyond that, there are other subtle and not-so-subtle departures from familiar requirements that could introduce new audit vulnerabilities. That is why there has been broad resistance to the revised policies and why OMB made unprecedented decisions to allow an extended grace period before implementing them. Well, the grace periods are over.

Recipient and subrecipient organizations must get with the program NOW by aligning their policies and procedures with the key changes including:

  • New guidance on determining whether a relationship is with a subrecipient or a contractor
  • Ramped-up code of conduct and mandatory disclosure instructions
  • More directions about effective procurement planning
  • Expanded discussion of the acceptable methods of purchasing, and when to use each
  • Tighter requirements surrounding use of sole source purchasing
  • Revised principles that must be used to assess allowability of costs that go into contract prices
  • Confusion about the micro-purchase threshold for research and other activities
  • Special rules for procurement of your annual single audit

The new rules are not just about how to buy supplies and equipment, where there are likely to be lots of suppliers. They must also be used when engaging professional services, collaborating on research projects and selecting service providers under social service programs. The marketplaces for these types of procurements are very different.

Join Bob Lloyd, principal of Federal Fund Management Advisor™, for this webinar that will get you up to speed on how to adjust your purchasing manual to the new requirements and how to handle grant-related purchases going forward.

Who Should Attend?

  • Grant and contract managers
  • Sponsored projects administrators
  • Finance directors
  • Purchasing agents
  • Procurement Grant project directors
  • Principal investigators
  • Legal counsels
  • 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
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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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