Dec. 16 Webinar Offers a How-to Guide for Pre-Award Review of Subrecipients

Participants will learn how to conduct due diligence when subgranting federal funds in the latest webinar from Federal Fund Management Advisor.

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Washington, DC (PRWEB) December 05, 2013

When a grantee becomes a grantor, as happens in the case of a subgrant, it takes on a role that parallels what the federal government does when it awards direct grants and this can introduce considerable angst. Unfortunately, there isn’t much guidance from the feds about how to conduct the kind of due diligence necessary to relieve that angst. In the upcoming Federal Fund Management Advisor webinar, “Pre-Award Review of Subrecipients — A ‘How-to’ Session for Pass-Through Entities,” federal grants expert Bob Lloyd will provide guidance on how grantors should conduct a pre-award review of subrecipients.

Participants of the Dec. 16 webinar will learn:

  • The applicable requirements in federal administrative and audit policies for pre-award reviews of subrecipients
  • The kinds of questions that should be asked of subrecipient applicants during the pre-award stage
  • Various documents that should be part of the subgrant application submission
  • Elements of a subrecipient management system that should be in place before a subgrant is awarded
  • Policies and procedures on cost allowability that a prime recipient will want to see before awarding a subgrant
  • Best practices for reviewing a subgrant application budget to focus on cost necessity, reasonableness and benefit
  • Factors used to designate a potential subrecipient as “high risk”
  • Accountability tools available in case a subgrant must be awarded to a “high risk” subrecipient
  • Features of a more “robust” system for subrecipient management and monitoring that the Office of Management and Budget is proposing in its grant reform effort

Visit http://federalfundmanagement.com/webinars/wg329_121613 for more details and registration information.

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, published by Atlantic Information Services. 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, “Be the ‘Prudent Person’ When Charging Your Federal Grants and Subgrants.”


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