- Pub Code: WG305-11WEB
- Originally held on March 5, 2013
- Course Instructors
- Bob Lloyd
- Jonathan Breul
- Sefton Boyars, CPA, CGFM
OMB’s Reinvention of Federal Grants Management: What Recipients and Subrecipients Need to Know
March 5, 2013 Webinar - Listen On-Demand or Get a CD!
To help federal fund recipients and subrecipients fully understand the historic Office of Management and Budget grants management reform proposal, and prepare for the comment process, Federal Fund Management Advisor presents this intensive three-hour webinar that addresses the key elements of the comprehensive package.
The On-Demand recording will be available immediately upon purchase* as a link within a PDF file of the accompanying written materials. CDs and printed materials are shipped via USPS.
Everything You Need to Know About OMB’s Federal Grants Reform
Nearly a year after sending up trial balloons about major changes to all of its federal grants management circulars, on Feb. 1 OMB issued a 244-page proposal that, if fully implemented, would radically change both the form and the substance of federal policy on how federal grants and cooperative agreements are administered and audited.
Once the comment period (extended to June 2) has ended and those comments are digested, OMB plans to issue a final uniform document that would represent the most significant change in federal fund management policy since the early 1970s. The proposed “guidance” would:
- Overhaul how solicitations for grant applications will be done;
- Establish uniform procedures for pre-award review of those applications;
- Standardize federal grant award terms and conditions;
- Reconstitute policies concerning how subawards are managed and monitored;
- Change the documentation requirements for time and effort reporting;
- Adjust procedures for indirect (facility and administrative) cost recovery, particularly for organizations that don’t have a direct relationship with the federal government;
- Raise the threshold of federal fund expenditures that triggers the requirement for an independent single audit; and
- Revise the single audit compliance testing requirements to concentrate on higher risk programs and requirements.
This information-packed three-hour webinar is designed for recipients and subrecipients alike. The program includes:
- Overhauling the Administrative Requirements
- Rewriting the Cost Principles
- Streamlining the Audit Requirements
Among the topics you will learn about:
- A new structure for federal grant rules (or, “goodbye OMB circulars”)
- Positive policies extended to all sectors of the recipient community
- The streamlining of time and effort reporting
- Changes that may not be good for grantees
- Revisions in rules for indirect cost recovery
- Upping the single audit threshold and the implications for oversight
- Revised types of compliance testing in single audits
- Clearer subrecipient monitoring guidance
- Better coordination of audit findings resolution
Prerequisites: Some knowledge of federal grants management is helpful but not necessary
Advanced preparation: None
Attendees will receive presentation slides as well as access to background documents.
Receive valuable insights from this panel of seasoned federal fund practitioners:
Bob Lloyd, Principal of Federal Fund Management Advisor and a recognized authority on policies and practices affecting the award, administration and oversight of federal grants and contracts, who has served under contract to 16 major federal award-making agencies, and to recipient and subrecipient organizations located in all 50 states and 18 foreign countries.
Jonathan Breul, former Senior Advisor at the U.S. Office of Management and Budget, who was lead staff member on development of the original common rule “Uniform Administrative Requirements for State, Local, and Tribal Governments” and on implementation of the Government Performance and Results Act (GPRA).
Sefton Boyars, CPA, CGFM, former regional inspector general for audit at the U.S. Department of Education, who worked extensively on the government-wide procedures for review and reliance on audits prepared under the Single Audit Act and on ED’s Cooperative Audit Resolution Initiative that has served as a model for OMB’s proposals for more effective audits.
Who Should Attend?
- Sponsored Program Administrators
- Grant and Contract Administrators
- Federal Program Managers
- Principal Investigators
- Internal Auditors
- External Auditors
- Finance Directors
The costs of webinars sponsored by Federal Fund Management Advisor are allowable charges to your federal grants and subgrants. Each of the sets of federal cost principles issued by OMB for federal awards administered by state, local, and tribal governments, colleges and universities, and nonprofit organizations explicitly states that the costs of training for employee development and vocational effectiveness are allowable. For your records, the specific citations are:
- OMB Circular A-21 (2 CFR 220), Appendix A, Paragraph J.51—Colleges and Universities
- OMB Circular A-87 (2 CFR 225), Appendix B, Paragraph 42—State, Local and Tribal Governments
- OMB Circular A-122 (2 CFR 230), Appendix C, Paragraph 49(a)—Nonprofit Organizations
CDs (and accompanying written materials) are shipped via UPS. Please give us your street address when you order (UPS does not deliver to PO boxes). You should receive your order within two weeks.* Shipping and handling cost is $12.
The On-Demand Recording will be delivered as a link within a PDF file of the accompanying written materials. Shipping will NOT be charged for this item.
- If you order the On-Demand Recording before the conference date (by itself or in combination with the live Webinar), you will be sent an email with the PDF file attached once the recording is available.*
- After the On-Demand Recording is available*, if you order on this website through our secure shopping cart, you will receive an email, immediately after submitting your order, with a link directing you to download the PDF file. If you order through our customer service department (by phone, mail, fax or email), you will be sent an email with the PDF file attached.
Rush Orders: Please call us at 800-521-4323 to place a rush order.* We will overnight your order for an additional charge of $30, or you can give us your FedEx or UPS account number and we will charge the shipping to your account. Rush orders placed after 3:00pm EST will not be shipped out until the next business day.
*On-Demand recordings will be available within a week of the conference and CDs will be available within two weeks.
For more information regarding refunds, complaints, and/or program cancellations, please contact AIS’s Customer Service team.