- Pub Code: WG306-11WEB
- Originally held on March 19, 2013
How to Construct and Manage Your Federal Grant Budget
March 19, 2013 Webinar - Listen On-Demand or Get a CD!
The skills needed in formulating a grant budget are a combination of financial acumen, effective wordsmithing, and knowledge of key federal grant concepts and requirements. This webinar will help you hone your skills to construct a budget that is of sufficient size and flexibility to get the job done.
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.
Your Federal Grant Budget — Tips for Constructing and Managing It
“The budget plan is the financial expression of the project or program as approved during the award process.” So says the Office of Management and Budget when describing your federal grant or subgrant budget.
If OMB wanted to introduce a real dose of reality, it would have put the word “plan” in bold type. Because that word captures the fact that the grant budget should be formulated based on your best estimates about how things should work and what things should cost and how things should be managed according to what things did happen and what things do cost.
The skills needed in formulating a grant budget are a combination of financial acumen, effective wordsmithing, and knowledge of key federal grant concepts and requirements. Properly applied, the skills can lead to a budget that is of sufficient size and flexibility to get the job done.
This webinar will help you hone your budget skills in order to:
- Craft budget submissions that will be acceptable to federal grant awarding agencies;
- Know when budgets will need to be amended and how; and
- Understand how to manage budget components to maximize cost recovery and program effectiveness.
Where appropriate skills are not applied, the result can be a budget that hamstrings program accomplishments and is defined by administrative burden and delay, particularly when changes are necessary.
In this webinar, you’ll learn:
- How to use the design of the grant application budget forms to your organization’s advantage;
- Tips for handling budget submissions that include matching, cost sharing or program income;
- How to employ language from the federal cost principles and other resources to develop convincing budget justifications;
- How federal awarding agencies conduct cost analysis of grant budgets and how to avoid the “red flags” that they are looking out for; and
- Ways to accomplish effective budget management oversight for program and administrative staff members.
Prerequisites: Some knowledge of federal grant management and audit requirements is helpful but not necessary
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 several reference works on federal grants management and audits, and currently serves as contributing editor to Federal Grants News and Federal Auditing News, published jointly by Atlantic Information Services and NACUBO. 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?
- Resource development personnel
- Grants coordinators
- Sponsored programs administrators
- Program managers
- Principal investigators
- Finance directors
- Budget administrators
- Accounting staffers
- Internal auditors
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.