Federal Grants Expert Bob Lloyd to Provide Guidance on Sorting Out Federal Grant Subawards

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An upcoming Oct. 7 webinar from Federal Fund Management Advisor will provide guidance on subawarding federal grant funds and classifying the different types of awards.

In an upcoming Oct. 7 Federal Fund Management Advisor webinar,”Subrecipient or Contractor? Sorting Out the Subaward of Federal Grants Using the Right Tools,” federal grants expert Bob Lloyd will review all of the current and proposed guidance on the subaward of federal grant funds and chart a clear path for “pass-through entities” going forward.
There has been much confusion in the federal grants community concerning what to call subawards of grants and cooperative agreements. Under the Single Audit Act and Office of Management and Budget Circular A-133, “subawards” to subrecipients are subject to audit, and “subawards” to vendors are not. And now, as part of its current grant reform effort, OMB has re-entered the discussion with an attempt to revise terminology and help clarify the situation.

Participants of the Oct. 7 webinar will hear a thorough analysis of how to properly differentiate subawards, including:

  • The statutory difference between “assistance” and “procurement” — and why that matters
  • The myriad definitions contained in current and proposed federal rules
  • The differing required clauses that must be included in agreements
  • The award features that make something look like a subgrant and those that don’t
  • The oversight activities that are required for each type of subaward and those that are “nice to do”
  • The required reporting under the Federal Funding Accountability and Transparency Act (FFATA)
  • OMB’s plans for a more “robust” system for subrecipient management and monitoring

Visit http://federalfundmanagement.com/webinars/wg323_100713 for more details and registration information.

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.

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, “When Spending Federal Grant Funds, Don’t Forget ‘The Washington Post Test’.”

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Shelly Beaird-Francois
Atlantic Information Services
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