Federal Grants Expert to Provide Strategic Briefing of OMB’s Grant Reform From the Recipient, Subrecipient Perspective

Federal Fund Management Advisor principal Bob Lloyd will capture the key information organizations need to know right now, and provide experienced advice, on OMB’s new federal grants policies.

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Washington, DC (PRWEB) January 08, 2014

The Office of Management and Budget (OMB) released its long-awaited comprehensive overhaul of federal grant administrative, cost accounting and audit policies late last month. Federal Fund Management Advisor will host “OMB’s Grant Reform Package — What You Need to Know Now: A Strategic Briefing From the Recipient and Subrecipient Perspective,” on both Jan. 16 and Jan. 23 to provide participants with key information their organization needs to know right now about how OMB’s new guidance revises policies in critical areas.

With 40 years of federal award implementation experience on the recipient side of the table Federal Fund Management Advisor principal, Bob Lloyd will discuss how the new policies are organized, what has actually changed and what hasn’t. During this timely and informative briefing on how to comply with the new policy regime, participants will learn:

  • The regulatory structure of the requirements and why that’s important
  • The implementation schedule and what organizations should look out for
  • The key revised policies on:
o Pre-award review of grant applications
o Time and effort reporting
o Defining subrecipient and contractor relationships
o Subrecipient management and monitoring
o Indirect cost recovery
  • Important changes to cost allowability standards
  • Revisions to the single audit threshold and testing scope

Visit http://federalfundmanagement.com/webinars for more details and information on registering for either the Jan. 16 or Jan. 23 session.

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, 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 2 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, “On Federal Grants Reform, You Don’t Have to Be a ‘Sooner’.”


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