Thompson Grants a division of CBIS

2017 Compliance: How the GONE & DATA Acts Affect Grant Recipients and Subrecipients

Thursday, December 15, 2016 • 1:00 pm ET/12:00 pm CT/11:00 am MT/10:00 am PT

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:

During 2017, federal granting agencies and grantees will both need to comply with new grant management requirements.

For starters, spending information reported to Treasury, OMB and the General Services Administration must be aligned with government-wide data standards. That information will also become publicly available on the website. Plus, with agencies facing new requirements to close out expired grants, grantees can expect new responsibilities.

Don’t wait until reports are due to figure out what has changed! Get the expert help you need to start integrating necessary changes now.

Register now for 2017 Compliance: How the GONE & DATA Acts Affect Grant Recipients and Subrecipients

In this 90-minute webinar, Jack Reagan—an audit partner in Grant Thornton’s Global Public Sector Practice—explains how two recent federal regulations will make fundamental changes in grants management, starting in 2017: The Grants Oversight and New Efficiency (GONE) Act and the Digital Accountability and Transparency Act (DATA).

Know what changes you need to make. Grantors, recipients and subrecipients will all come away with a practical understanding of where and how grants management practices need to change. You’ll also know key dates, including when agencies must begin reporting standardized spending information and all-new grant closeout information. Plus, you’ll have the chance to ask your own questions during the Q&A portion of the webinar.

Reserve your space now to be ready for 2017 changes in how you report spending information and close out expired grants, including:

  • Specific requirements of the DATA Act and the GONE Act
  • How to apply these requirements to your grants management function
  • Key implementation milestone dates for the DATA Act and the GONE Act
  • “Leading practices” changes you may need to implement the DATA and GONE acts into everything from tracking expenses to what must be reported—and in what format

Remember, significant new requirements take effect soon! Take this opportunity to get out in front of what you need to do to integrate these changes into your grants management process effectively.

Register now for 2017 Compliance: How the GONE & DATA Acts Affect Grant Recipients and Subrecipients.

Who Will Benefit

This webinar is of value to all federal-grant recipients, new federal agency program managers and everyone who works with federal grants. Attendees who will benefit most include:

  • Grant administrators
  • Grant program staff
  • Grant accounting and finance staff
  • Internal and external auditors
  • Organizational leaders responsible for implementation

Jack Reagan

Jack Reagan is an audit partner in Grant Thornton's Global Public Sector practice. Mr. Reagan has more than 28 years of dedicated industry experience working within the federal government, state and local government, health care, not-for-profit, and higher education sectors. Prior to joining Grant Thorton, he was a partner in the Public Sector Practice at CliftonLarsonAllen LLP for almost 2 years and in the Public Sector Audit practice at KPMG LLP for over 20 years. He has extensive experience performing financial statement and regulatory compliance audits, as well as a variety of advisory services projects. Mr. Reagan also spent 2 years in the national Department of Professional Practice at KPMG LLP, where he attended monthly GASB meetings and provided accounting and auditing guidance to engagement teams whose clients were required to follow GASB. Mr. Reagan has participated in numerous GASB and AICPA publications, and he is a widely sought after speaker on GASB and single audit issues.

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Finally! A practical guide to grants management.

Get practical grants management guidance that blends age-old conventional wisdom
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Add A Practical Guide to Federal Grants Management -
From Solicitation Through Audit, 2nd Edition
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This comprehensive resource blends age-old conventional wisdom with the historic changes in OMB’s uniform guidance. You'll benefit from the advice of experts on time and effort reporting, procurement under grants, direct charging certain costs, single audit preparations, subrecipient monitoring and much more. The 500+ page softbound book is a valuable management guide, compliance document and training tool for busy grants managers, program directors, financial officers and auditors at nonprofit organizations, educational institutions, and state and local governments.

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

  • Understand the differences between direct and indirect costs
  • 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