- Pub Code: WG324-11WEB
- Originally held on Oct., 21, 2013
Developing Internal Controls Over Federal Programs — Your Key to Effective Grants Management
October 21, 2013 Webinar - Listen On-Demand or Get a CD!
Often, the reasons behind noncompliance in a federal grant program can be traced to deficiencies in the policies and procedures that the organization uses to manage the federal funds. This webinar provides practical tips about the control features your organization should put in place to protect its federal grant portfolio.
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.
Get Practical Help on Developing Effective Internal Controls Over Federal Grants
Noncompliance in a federal grant program is often a headline grabber. Organizations that stand accused of violating laws, regulations, or award terms and conditions can suffer both reputation damage and the financial hit that comes with having to pay back disallowed costs with nonfederal cash.
What rarely gets attention, however, are the reasons why the violations occurred. Invariably, these reasons can be traced to deficiencies in the policies and procedures that the organization uses to manage the federal funds — or what the auditors call “internal controls over federal programs.”
Longstanding federal grant policies require that recipients and subrecipients develop and maintain internal controls over federal programs that provide “reasonable assurance” that awards are being managed in compliance with all requirements; how these preventative controls are designed and implemented is left to the organizations themselves. That’s a double-edged sword.
The feds have wisely refrained from imposing a “one-size-fits-all” approach to internal controls on the many thousands of diverse grantees and subgrantees across the nation. But, they also offer only limited guidance about what control features will lead to the level of assurance they’re after.
This webinar will help fill that void. You'll receive practical tips about how to respond to the need for policies and procedures in these key grants management areas:
- Application preparation
- Financial management
- Cost allowability
- Property management
- Programmatic and budgetary changes
- Matching and cost sharing
- Program income
- Reporting and recordkeeping
- Subrecipient management and monitoring
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.
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?
- Grant and contract managers
- Sponsored projects administrators
- Organizational executives
- Finance directors
- Accounting staff
- Project directors
- Internal auditors
- External 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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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.
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*On-Demand recordings will be available within a week of the conference and CDs will be available within two weeks.
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