Washington, DC (PRWEB) November 20, 2012
The U.S. Department of Health and Human Services Inspector General recently announced that a key emphasis area for its FY2013 audits will be to see how colleges and universities are meeting their cost-sharing obligations. Federal grants expert Bob Lloyd will provide advice on what is required in this important area during “Demystifying Federal Grant Cost Sharing and Matching,” a Dec. 3 webinar sponsored by Federal Fund Management Advisor.
Meeting cost-sharing or matching levels is one of the most critical compliance challenges facing a recipient or subrecipient, and it’s readily auditable. Independent auditors performing work under Office of Management and Budget Circular A-133 are required to test whether non-federal share requirements have been met and to question federal costs that are not properly matched as agreements require. However, federal policies on the subject are not the clearest, and the terminology that is often thrown around to describe what’s going on is frequently misused or misunderstood.
During this Dec. 3 webinar, attendees can expect to learn:
- The difference between cost sharing and matching, and why it matters
- What’s really a “cash match” and what’s an “in-kind contribution”
- How to effectively document third-party in-kind contributions
- If there are any incentives to “overmatch”
- What “leveraging” is and how it gets reported and verified
- How maintenance of effort relates to matching and cost sharing
- Real audit vulnerabilities and the consequences of violations
Visit http://federalfundmanagement.com/webinars/wg229_120312 for more details and registration information on “Demystifying Federal Grant Cost Sharing and Matching.”
The webinar will be presented by Bob Lloyd, 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.
Attendees of the Live Webinar Can Earn Up to 1.5 CPE Credits
Federal Fund Management Advisor is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.learningmarket.org.
About Federal Fund Management Advisor
Federal Fund Management Advisor is an organization that sponsors Federal Funding webinars and delivers free Federal Funding E-Strategies. Go to http://www.FederalFundManagement.com to read the latest E-Strategy, “Tips for Managing FEMA Disaster Assistance Funds.”