Washington, DC (PRWEB) February 03, 2012
Federal Fund Management Advisor is pleased to announce its February 16 webinar, Sorting Out the Limitations on Your Federal Grants: Matching, Cost Sharing, Leveraging, Level of Effort, and Earmarking. See webinar details at http://federalfundmanagement.com/webinars/wg204_021612.
The federal legislation that authorizes grant programs is often loaded with incentives and disincentives. For example, Congress frequently tries to make sure that recipients and subrecipients have some nonfederal financial “skin in the game” through matching and cost-sharing requirements. They also frequently want to see that spending federal funds creates some synergy, causing other worthwhile expenditures or commitments to materialize. And they usually don’t want awardees to dial back on their own efforts and expenditures for the services or programs that are going to receive some federal support. Finally, it isn’t uncommon to see requirements that impose minimum or maximum percentages related to certain types of expenditures. Of course, requirements related to these kinds of limitations then land in grant and subgrant agreements, and can go on to represent significant compliance challenges.
But how these limitations work is not always the subject of clear federal policies. Some of the problem arises because of confusing terminology. Other confusion surfaces because of how awarding agencies and recipient and subrecipient organizations respond to such requirements. Not surprisingly though, the limitations are not only readily auditable but compliance with them is required to be examined under OMB Circular A-133.
This webinar will help participants sort out all of this. During the program, participants will learn:
- What’s the difference between matching and cost sharing?
- What’s really a “cash match” and what’s an “in-kind contribution”?
- How do we effectively document third-party in-kind contributions?
- Are there any incentives to “overmatch”?
- How does “leveraging” get reported and verified?
- How does maintenance of effort get monitored?
- What’s the impact of percentage cost limitations?
- What are the real audit vulnerabilities?
- What are the consequences of violations?
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 nearly 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 sixteen 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, NACUBO and NCURA. He also is a Charter Life Member of the National Grants Management Association and served on its Board of Directors for five years.
After a 60-minute presentation, a concluding 30-minute question-and-answer session will allow webinar participants to pose individual questions to Mr. Lloyd.
Visit http://federalfundmanagement.com/webinars/wg204_021612 for more details and registration information.
Federal Fund Management Advisor is a new 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, “Federal Grant Internal Control Requirements Lack Details “and more in the E-Strategy Archives.