Federal Grants Expert to Detail Impact of OMB’s Reform Package on Cost Allowability for Governments, Universities and Nonprofits

Washington, DC (PRWEB) May 16, 2014

The May 29 program from Federal Fund Management Advisor’s webinar series on implementing OMB’s federal grants reform, “Cost Allowability 101: The Revised Course for Governments, Universities and Nonprofits,” will analyze and evaluate the consolidation of the three current OMB cost allowability circulars into a single policy document that applies to state and local governments, institutions of higher education and nonprofit organizations.

In 90 minutes of presentations followed by 30 minutes devoted to individual questions, participants will hear from Federal Fund Management Advisor Principal Bob Lloyd. Participants will learn:

• How the new cost principles are structured and why that’s important
• How implementation will occur for grants and cooperative agreements, and for contracts
• How an organization can take advantage of the changes 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/implementing-reform for more details and registration information about this program and the full series of webinars dedicated to strategies for implementing OMB’s federal grants reform, including an upcoming session on single audit readiness.

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.

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