Thompson Grants a division of CBIS

Purchasing Using Federal Grants: Understanding the Uniform Guidance Requirements

Wednesday, April 12, 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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until 04.12.2018)


$249.00 Purchasing Using Federal Grants: Understanding the Uniform Guidance Requirements (OnDemand)
Webinar Details

Subject: Grants Management

Prerequisites: None

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

The Uniform Guidance made significant changes in what is and isn’t acceptable in using federal grants to make purchases.  The changes were so significant that the Office of Management and Budget gave grant recipients a generous grace period for bringing policies and procedures into line with the new requirements and standards.

Now, that grace period is expiring.

With so much on the line, both grant recipients and auditors must make certain they’ve updated all the aspects of procurement that have been altered—first by the Uniform Guidance and then by OMB’s additional changes to those requirements. Here’s how to do it.

Register now for Purchasing Using Federal Grants: Understanding the Uniform Guidance Requirements.

In this 90-minute webinar, Troy Rector uses his expertise with federal grants, audits and assurance to alert both funding recipients and auditors to changes that must be made to procurement practices. From how the Uniform Guidance changes procurement standards to OMB’s new suggestions for auditing procurement, you’ll learn where updates are needed to comply with requirements.

Don’t guess what has changed. Learn exactly where and how to edit existing policies and procedures. In addition, to procurement standards, the webinar maps out how OMB suggests auditors approach procurement in the Single Audit. Plus, you’ll have the chance to ask your own questions during the Q&A portion of the webinar.

Reserve your space now to know how to bring procurement practices into full alignment with Uniform Guidance requirements, including:

  • Procurement standards under the Uniform Guidance
  • OMB’s recent (and pending) changes to those standards
  • Common edits necessary to bring procurement policies and procedures based on OMB circulars into alignment with Uniform Guidance requirements
  • OMB’s suggested audit procedures for testing procurement in a Single Audit

Remember, grace periods are expiring.  Don’t miss this opportunity to get expert guidance on how to update both procurement and audit procedures to comply with Uniform Guidance requirements.

Register now for Purchasing Using Federal Grants: Understanding the Uniform Guidance Requirements.

Who Will Benefit

This webinar is of value to all non-federal entities and auditors performing Single Audits. Attendees who will benefit most include:

  • Chief financial officers
  • Controllers and other finance staff
  • Grants administrators and other grant staff
  • Independent auditors

YOUR EXPERT(S):

Troy Rector

Troy Rector is a principal in the Not-For-Profit and Governmental Services Group at Clark Nuber and has spent his career serving Not-For-Profit and Governmental organizations. He specializes in performing audits of social service, healthcare, low income housing and other organizations receiving federal assistance. He serves on the firm's Technical Issues Committee and leads their Single Audit practice and federal grant compliance training and consulting. Troy serves on the WSCPA Not-For-Profit Conference Planning Committee and is the board chair of a local not-for profit organization. Troy holds a bachelor’s degree in business administration-accounting concentration from Indiana University.

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Finally! A practical guide to grants management.

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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:

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  • 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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