This all-day course covers 4 major areas:
(1) How Performance Raises the Bar on Compliance: The uniform guidance merged eight previously separate OMB grant circulars and incorporated other numerous changes to traditional grants administration, from pre-award to post-award, closeout and audit. One significant change that impacts oversight and accountability is the refocus from compliance to performance. This shift results from the priority to reduce waste, fraud, and abuse, and has wide-ranging implications for awarding agencies and their recipients. This presentation provides attendees with increased understanding how performance raises the bar on compliance, and how it impacts both federal agencies and nonfederal entities. This means heightened scrutiny on performance and results, and new expectations.
(2) Budget Preparation and Monitoring: We will cover the steps for preparing a Federal grant budget and budget narrative. We will go through a complete application budget model that includes the SF 424 summary, detailed backup for each line item budgeted, and the associated narrative. The session will include best practices in the development of a budget as well as monitoring tools such as budget vs. actual on a monthly and yearly basis using draw-downs.
(3) What Should Be in a Compliant Procurement Policy: In developing your procurement procedures, have you considered the following items?
a. Defining a contract
b. Difference between contracts and sub-awards
c. Acquisition of equipment and supplies
d. Prescribed levels of purchasing and statutory thresholds recently updated
f. Small purchase procedures
g. Procurement by competitive proposals
h. Pre-Award Evaluation
i. Competitive bids
j. Sole source
k. Post-award monitoring
l. What kind of forms are required
(4) Ten Top Audit Findings and Address Their Resolution:
Your next audit is just around the corner. You'll need to be mindful of the uniform guidance requirements, the annual compliance supplement, program statutes and federal agency regulations, as well as state and local regulations. Federal agencies, auditors and auditees have a lot to monitor and even more to manage. Despite best efforts, it seems the same audit findings habitually create challenges year after year among all recipients and programs. How can recipients better prepare and avoid findings? What are the consequences of noncompliance?
Delivery Method: Individual webcast
CPE Credit: Accounting (governmental), Auditing (governmental)
Program Level: Intermediate