Thompson Grants a division of CBIS

Cost Allowability in 2017: Understanding OMB’s Federal Award Cost Principles

Tuesday, April 4, 2017 • 1:00 pm ET/12:00 pm CT/11:00 am MT/10:00 am PT

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OnDemand Recording
$249.00
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$249.00 Cost Allowability in 2017: Understanding OMB’s Federal Award Cost Principles (OnDemand)
Webinar Details

Subject: Grants Management

Prerequisites: None

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

Uniform Grant Guidance (UGG) requirements took effect in 2014. Today, confusion—particularly over cost allowability—continues to put federal grant recipients at risk for recovery audits and other potentially devastating enforcement actions.

With the UGG’s focus on accountability, federal agencies seek to expose any instance of fraud, waste or abuse. That’s why you must be certain costs are not only allowable, but that they meet 2017 standards for being reasonable, necessary and properly allocated.

Let an expert show you exactly where cost allowability stands today—and what you can do to avoid having costs disallowed.

Register now for Cost Allowability in 2017: Understanding OMB’s Federal Award Cost Principles.

In this 90-minute webinar, Mike Bender of Brustein & Manasevit, PLLC, shows federal grant recipients and auditors why—and how—to approach cost allowability differently this year. You’ll review the basic cost requirements under UGG as well as further guidance released by agencies. Step by step, you’ll learn how to make sure costs are allocable, reasonable, necessary and allowable.

Real-world examples.  From examples drawn from actual situations, you’ll get practical insights and troubleshooting advice on how nonfederal entities can protect themselves from having costs disallowed.  Plus, you’ll have the chance to ask your own questions during the Q&A portion of the webinar.

Reserve your space now and take the guesswork out of how OMB’s federal cost award principles are now being applied, including:

  • The structure and format of the UGG (and why it matters)
  • Allowability requirements under the UGG
  • Guidance released by federal agencies since the release of the UGG
  • Ways to educate employees on common allowability issues
  • Key examples of "Selected Items of Cost" that are important under UGG
  • How to prepare locally to protect allowability

Remember, understanding OMB’s federal award cost principles is the front-line defense against disallowances, recovery audits … and worse! It’s also the front line for agencies’ efforts to reduce fraud, waste and abuse. Don’t miss this opportunity to update your understanding of how OMB’s award cost principles affect your own grants.

Register now for Cost Allowability in 2017: Understanding OMB’s Federal Award Cost Principles.

Who Will Benefit

This webinar is of value to all federal granting agencies, federal grant recipients and everyone who works with federal grants, especially government agencies, institutions of higher education and nonprofit organizations. Attendees who will benefit most include:

  • Grant administrators
  • Grant program managers
  • Accounting and finance staff
  • Internal auditors
  • Independent auditors

YOUR EXPERT(S):

Michael Bender

Michael Bender joined Brustein & Manasevit, PLLC in April 2013.  Mr. Bender assists clients with federal grants management and various federal education programs, including the Elementary and Secondary Education Act, the Carl D. Perkins Career and Technical Education Act, the Workforce Investment Act and the Higher Education Act.

Mr. Bender graduated from the University of Richmond with a Bachelor’s Degree in Business Administration with a concentration in Accounting in May 2004 and received his J.D. from the University of San Diego in May 2010.  Mr. Bender is a member of the bars of the District of Columbia, Maryland, and Virginia.  

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Finally! A practical guide to grants management.

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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
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    ...and much more

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