Federal Grants Expert to Explain Award Closeout Process in Oct. 8 Webinar

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Federal Fund Management Advisor principal Bob Lloyd will explain the federal grant award closeout process in an Oct. 8 webinar.

When federal grants awards come to either the end of a performance period or the expenditure of all of an award’s funding, the closeout process begins. Because of the unique features of each grant award, closeout has to be a “tailored” process. Nevertheless, there is pressure to get it done in a timely manner, particularly since OMB introduced a closeout deadline in its grants management guidance. “Closing Out Your Federal Grant — It’s All Over But (Hopefully) the Applause,” an upcoming webinar sponsored by Federal Fund Management Advisor, is designed to help organizations safely and effectively navigate through this process.

Led by Federal Fund Management Advisor principal Bob Lloyd, this Oct. 8 program will cover:

  • How OMB’s federal grant reform initiative affects closeouts going forward
  • 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
  • The 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 costs of closeout activities that occur after the performance period ends

After an hour-long presentation, generous time will be allotted for answering individual questions.

Visit http://federalfundmanagement.com/webinars/wg521_100815 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.

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