Washington, DC (PRWEB) February 20, 2013
Earlier this month, the Office of Management and Budget issued a 244-page proposal that, if fully implemented, would radically change both the form and the substance of federal policy on how federal grants and cooperative agreements are administered and audited. “OMB’s Reinvention of Federal Grants Management: What Recipients and Subrecipients Need to Know,” an intensive three-hour March 5 webinar from Federal Fund Management Advisor, will address the key elements of the comprehensive package.
The final uniform document OMB issues would represent the most significant change in federal fund management policy since the early 1970s. The proposed “guidance” would consolidate policies from eight current OMB circulars into a master document that the federal agencies will adopt in codified regulations, and fold together familiar but often confusing and conflicting administrative requirements, cost principles, and audit policies affecting the full range of recipients and subrecipients — state and local governments, colleges and universities, hospitals and other nonprofit organizations.
The March 5 webinar will be split into three hour-long parts, each including a question-and-answer session. Some of the planned discussion topics are:
- A new structure for federal grant rules (or, “goodbye OMB circulars”)
- Positive policies extended to all sectors of the recipient community
- The streamlining of time and effort reporting
- Changes that may not be good for grantees
- Revisions in rules for indirect cost recovery
- Upping the single audit threshold and the implications for oversight
- Revised types of compliance testing in single audits
- Clearer subrecipient monitoring guidance
- Better coordination of audit findings resolution
Visit http://federalfundmanagement.com/webinars/wg305_030513 for more details and registration information.
About the Speakers
Bob Lloyd is principal of Federal Fund Management Advisor and a respected authority on policies and practices affecting the award, administration and oversight of federal grants, contracts and subawards. Prior to starting his management consulting practice 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 across the United States and in 18 foreign countries. He is a Charter Life Member of the National Grants Management Association and served on its Board of Directors for five years.
Jonathan Breul is a former senior advisor at the U.S. Office of Management and Budget, who was lead staff member on development of the original common rule “Uniform Administrative Requirements for State, Local, and Tribal Governments” and on implementation of the Government Performance and Results Act (GPRA).
Sefton Boyars, CPA, CGFM, is the former regional inspector general for audit at the U.S. Department of Education, who worked extensively on the government-wide procedures for review and reliance on audits prepared under the Single Audit Act and on ED’s Cooperative Audit Resolution Initiative that has served as a model for OMB’s proposals for more effective audits.
Attendees of the Live Webinar Can Earn Up to 3.5 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 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, “Can They Cut Off Your Federal Grant at the Next ‘Cliff’?”