Washington, DC (PRWEB) September 05, 2014
Because of the unique features of each grant award, closeout has to be a “tailored” process. But there is enormous pressure to get it done in a timely manner and OMB’s grant reform initiative could add new twists. “Closing Out Your Federal Grant—It’s All Over But (Hopefully) the Applause,” the Sept. 16 Federal Fund Management Advisor webinar, will help recipients and subrecipients close out their federal grant awards, especially as the end of the federal fiscal year approaches on Sept. 30.
In 60 minutes of presentations followed by 30 minutes dedicated to individual questions, Federal Fund Management Advisor principal and federal grants expert Bob Lloyd will cover:
- The rules for so-called “no cost” extensions
- The routine and “not-so-routine” closeout tasks
- What financial, performance and property reports are required
- How to settle up on obligations incurred and cash received
- Practical procedures for retaining or disposing of grant-acquired property
- How closeout of individual awards aligns with the single audit requirement
- All about the records access and retention requirements
- How to charge closeout costs that occur after the performance period ends
- How OMB’s federal grant reform initiative will affect closeouts going forward
Visit http://federalfundmanagement.com/webinars/wg425_091614 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, 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 provides recipients and subrecipients of federal funds with accurate, responsible and practical advice concerning the acquisition, administration and oversight of federal grants, cooperative agreements and contracts. Through management, compliance and best practices webinars, and a wide variety of technical assistance capabilities, this advisory service can help organizations navigate effectively in today’s highly charged federal fund accountability atmosphere. Visit http://www.federalfundmanagement.com.