Oct. 15 Federal Fund Management Advisor Webinar Will Cover New OMB Policies on the Use of Facilities

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“‘Gimme Shelter’ — Charging the Cost of Space Occupancy Under OMB Grant Reform”, an upcoming webinar from Federal Fund Management Advisor, will review the various policies in OMB’s new federal cost principles on the use of facilities and related expenses, and the requirements necessary to maximize cost recovery.

No matter the purpose of a federal award — research and development, education, social services — there’s probably a major cost associated for the use of facilities and related expenses. The rules about allowability for those myriad charges are spread across the new federal cost principles from the Office of Management and Budget (OMB), and vary depending upon whether an organization is buying the facility, already owns it or is leasing it. There are even a few differences in the guidance depending on the type of organization receiving the award. “‘Gimme Shelter’ — Charging the Cost of Space Occupancy Under OMB Grant Reform”, an upcoming webinar from Federal Fund Management Advisor, will explain the various federal policies on the allowability of “space” under the new OMB guidance.

During the Oct. 15 program, Federal Fund Management Advisor principal Bob Lloyd will cover the following topics:

  • New capital facility acquisitions
  • Depreciation on owned facilities
  • Interest on facility-related debt
  • Rental costs
  • Alterations and renovations
  • Insurance
  • Relocation expenses
  • Idle capacity
  • Operation, maintenance and utility charges
  • Physical security costs

The webinar also will address acceptable methods of distributing facility-related costs when multiple awards are benefited and the applicability of the Davis-Bacon Act to federally assisted construction and renovation.

“‘Gimme Shelter’ — Charging the Cost of Space Occupancy Under OMB Grant Reform” will be presented by Bob Lloyd, 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.

Visit http://federalfundmanagement.com/webinars/wg522_101515 for more details and registration information.

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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