Federal Grants Expert to Detail OMB’s Consolidated Cost Principles Under New Reform Package

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The Feb. 13 webinar from Federal Fund Management Advisor will analyze and evaluate the rules that govern what can be charged to federal awards and what can’t — from the recipient and subrecipient perspective.

OMB made some important changes when it consolidated its three cost principles circulars into one brand-new document. Instead of Circular A-21 for colleges and universities; Circular A-87 for state, local and tribal governments; and A-122 for nonprofits, there would be a single document that would treat all performers of federal cost-type awards the same. “OMB’s New Consolidated Cost Principles — The Question Remains: Can We Charge This to Our Grant?” the Feb. 13 webinar from Federal Fund Management Advisor, will analyze and evaluate the rules that govern what can and cannot be charged to federal awards — from the recipient and subrecipient perspective.

Principal of Federal Fund Management Advisor Bob Lloyd will present for 60 minutes and follow with 30 minutes dedicated to individual questions. Participants will learn:

  • How the principles are structured and why that’s important
  • How implementation will occur for grants and cooperative agreements and for contracts
  • How to use the changes to an organization’s advantage in the meantime
  • What important policy protections for recipients and subrecipients have been retained and which ones have been removed
  • Which selected items of cost have been added and deleted
  • Which selected items have language changes that are restrictive
  • Which selected items have language changes that broaden allowability
  • How to assert allowability when a cost is not specifically mentioned

Visit http://federalfundmanagement.com/webinars/omb-reform for more details and registration information about this program and the full series of webinars dedicated to the new OMB grant reform package, including February sessions on fixed obligation and performance-based grants, and single audit requirements.

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

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Shelly Beaird-Francois
Atlantic Information Services
+1 (202) 775-9008 Ext: 3064
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