Upcoming Federal Fund Management Advisor Webinar to Discuss OMB’s New Uniform Requirements on “Flow-Through” to Subawards

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In a Feb. 26 webinar, participants will learn how a pass-through entity should proceed — and what a “lower tier” entity should expect — when applying OMB’s new subaward requirements.

OMB has adopted reform policies that better direct the subaward process, but details remain unclear. “What Flows Through? — How to Apply OMB’s New Uniform Requirements to ‘Lower Tier’ Organizations,” the Feb. 26 Federal Fund Management Advisor webinar, will outline the specifics of “flow-through” and help sort through the confusion on how a pass-through entity should proceed — and what a “lower tier” entity should expect — going forward.

In 60 minutes of presentations followed by 30 minutes devoted to individual questions, Federal Fund Management Advisor Principal Bob Lloyd will provide answers to these and other questions:

  • What federally required data elements must be included in the agreement?
  • How should the requirements of OMB’s uniform guidance be communicated?
  • What features of individual federal agency implementing regulations should be added?
  • What role do the federal Statements of Assurances (SF 424B, SF 424D) play?
  • What options exist for required recognition of subrecipient indirect costs?
  • How are “flow-through” policies adjusted for fixed-amount awards?
  • What best practices should pass-through entities follow to avoid imposing unnecessary and costly burdens on subrecipients while assuring their accountability?
  • How much room is there for negotiation?

Visit http://federalfundmanagement.com/webinars/wg505_022615 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 A Guide to OMB Grant Reform and several other 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.

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