Thompson Grants a division of CBIS

2016-Financial Management Under the Uniform Grant Guidance

Wednesday, July 13, 2016

Webinar Details

Subject: Grants Management

Prerequisites: None

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

Duration: 90 minutes

Location: Your office or conference room, per telephone connection

Course Description:

The Office of Management and Budget updated the financial management requirements for federal awards in the new Uniform Grant Guidance.

As part of its move from compliance to performance, OMB’s new rules strengthen the reporting, record-keeping and internal controls of financial management systems. Under the Uniform Grant Guidance those with poor financial management systems may be subject to audits, cost disallowances and special conditions.

Remember, OMB’s new regulations under the Uniform Grant Guidance are now in effect. Both federal and nonfederal entities must comply with these new rules!

Is your organization fully up to speed and prepared for these changes?

As part of its continued move from compliance to performance, OMB strengthened rules under the Uniform Grant Guidance in the areas of reporting, record-keeping and internal control of financial management systems.

Additionally, with increased focus on risk assessments, financial management systems and processes have come under greater scrutiny. Grant recipients with financial management systems that do not comply with the Uniform Grant Guidance could be subject to audits, cost disallowances and high-risk classifications.

Register now for for this must-attend webinar from Thompson Information Services covering these critical changes.

You'll benefit from the expertise of webinar leader Steven Spillan, from Brustein & Manasevit, PLLC, who specializes in grant management issues, including OMB’s Uniform Grant Guidance.

Reserve your space now and in this 90-minute webinar you will:

  • Increase your understanding of the background and structure of the Uniform Grant Guidance;
  • Gain knowledge about financial management requirements;
  • Identify ways to strengthen internal controls of federal awards; and
  • Raise awareness about the required written policies and procedures related to financial management.

Come prepared to ask tough questions and get the answers you need. During the live Q&A portion of the webinar, Mr. Spillan will field audience questions about the recent changes.

Finally, expect to walk away from Financial Management Under the Uniform Grant Guidance with increased knowledge of the new requirements to help ensure your organization is in compliance.

Why not take a minute to Register NOW? You'll be glad you did.

Who Will Benefit

  • Grants administrators
  • Grant program staff
  • Grant accounting and finance staff
  • Internal auditors
  • Independent auditors

Steven Spillan

Steven Spillan joined Brustein & Manasevit, PLLC in October 2005. Mr. Spillan assists clients with federal grants management under various federal education programs, including the Elementary and Secondary Education Act, the Carl D. Perkins Career and Technical Education Act, the Workforce Innovation and Opportunity Act, the Higher Education Act, the Federal Funding Accountability and Transparency Act, and the Family Educational Rights and Privacy Act.

Mr. Spillan also works with clients on the requirements contained in the Uniform Grant Guidance and other administrative regulations, such as the General Education Provisions Act (GEPA) and the Education Department General Administrative Regulations (EDGAR).

Mr. Spillan earned his Bachelor of Arts in Political Science from American University in 2005 and received his J.D. from the Catholic University of America’s Columbus School of Law in May 2011. Mr. Spillan is admitted to practice law in Maryland and the District of Columbia.

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This valuable resource will help you and your grants management team:

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  • Make the subrecipient vs. contractor determination
  • Realize the full impact of OMB’s emphasis on internal controls
  • Understand which familiar elements of time and effort reporting have been retained in the uniform guidance ... and which are new
  • Know the nuances of requirements for subrecipient assessment and monitoring
  • Understand contract clauses in agreements for procurement under grants
  • Apply the general tests of allowability
  • Understand special issues confronting pass-through entities contracting with foreign organizations
  • Know which clauses flow down when crafting a subaward
  • Understand what is meant by a 10% de minimis indirect cost rate
  • Audit the vulnerabilities in your grants management operation
  • Understand what is meant by audit "resolution"
    ...and much more

A Practical Guide to Federal Grants Management is the best insurance policy there is for limiting your organization’s risk of disallowed costs, loss of federal funding and public relations nightmares. Add it to your order today!

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