- Pub Code: WG309-11WEB
- Originally held on April 18, 2013
Subaward Management and Monitoring: Doing It Right — Now and Into the Future
April 18, 2013 Webinar - Listen On-Demand or Get a CD!
Regardless of how OMB’s proposed federal grant management policy changes play out, subrecipient monitoring is going to continue to represent a challenge that requires balancing risk, multiple techniques of differing effectiveness, and available resources. This webinar is offered to help meet that current challenge and what are likely to be the future ones.
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.
Subaward Management — Current and Likely Future Requirements
If your organization is like many others that receive federal grants and cooperative agreements, you’re probably in the subgrant business. Some of the funding you receive from the federal government gets packaged up and subawarded to other organizations to help them carry out their programs. In fact, you could argue that this is where a lot of the action is these days, because “pass-through entities” are expected to make sure that their subrecipients spend the federal money properly. And, if you look closely at the proposals that the Office of Management and Budget has floated recently to reform federal grant management, you’d receive plenty of reinforcement for that view.
In addition to consolidating all of its existing diverse guidance about subrecipient management and monitoring in a single location, OMB plans to relieve lots of organizations (many of them subrecipients) from the need to have a single audit of their federal awards by raising the threshold that triggers that requirement. Nevertheless, OMB plans to continue to tell independent auditors to look closely at a pass-through entity’s compliance with subrecipient monitoring policies.
More than a few pass-through entities are already complaining that they’ll be between a rock and a hard place if those policy changes happen. But, regardless of how the proposed policy changes play out, the fundamental fact is that subrecipient monitoring is going to continue to represent a challenge that requires balancing risk, multiple techniques of differing effectiveness, and available resources.
This webinar is offered to help meet that current challenge and what are likely to be the future ones. You’ll learn:
- What OMB has in mind for future subrecipient management and monitoring policy
- What’s likely to change and what’s likely to stay the same
- How to use federal guidance for differentiating between subrecipients and vendors
- How to conduct pre-award due diligence that assesses risk and assures smart award decisions
- How to fashion subgrant agreements containing required features and strong controls
- How to organize your subrecipient “universe”
- What tools and techniques are effective for post-award monitoring
- How to assure that subrecipients perform required audits
- How to make effective decisions about subrecipient audit findings and track corrective action
- How to report subawards under the Federal Fund Accountability and Transparency Act (FFATA)
- How to roll subaward expenditures up onto your financial reports to awarding agencies
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?
- Sponsored programs administrators
- Program managers
- Resource development personnel
- Grants coordinators
- Principal investigators
- Finance directors
- 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
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