New Bob Lloyd E-Strategy Provides Details on OMB’s Efforts to Reform Federal Grants Management

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Federal grants expert Bob Lloyd lays out the proposed timetable for comments for and the release of revised Office of Management and Budget circulars and provides detailed information on some of the subject areas that may see change.

Bob Lloyd of Federal Fund Management Advisor is pleased to announce an exclusive e-strategy, OMB-Driven Grants Management Reform — Coming Soon to Your Town. For more details and to read the free e-strategy visit http://federalfundmanagement.com/e-strategies/omb-driven-grant-management-reform.

Working off a February 2011 executive order on regulatory flexibility issued by President Obama, the Office of Management and Budget is getting ready to go public with renewed efforts to reform federal grants management.

According to OMB officials, a public notice will be posted in the Federal Register by the end of this month soliciting ideas from affected organizations about what changes are needed to OMB’s audit and cost principles circulars. The notice will lay out some specific areas of interest that have been developed by task forces largely composed of federal grants management officials and representatives of inspectors general and the Government Accountability Office.

The notice will ask for grantee and subgrantee input on those topics, as well as seek suggestions about other areas that should be tackled.

The e-strategy lays out the proposed timetable for comments and the release of revised circulars. In addition, it provides detailed information on some of the subject areas that may see change including:

  • Single Audit Threshold
  • Possible Biennial Audit Cycle
  • Compliance Criteria To Be Audited
  • Audit Resolution
  • Indirect Cost Rate Calculation Options
  • Time and Effort Reporting Methods

Read the full e-strategy at http://federalfundmanagement.com/e-strategies/omb-driven-grant-management-reform.

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 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.

Federal Fund Management Advisor is a new organization that sponsors Federal Funding Webinars and delivers free Federal Funding E-Strategies.

Visit http://federalfundmanagement.com for more details and to sign up to receive free e-strategies.

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