Practical Solutions for Federal Grants Compliance: A Comprehensive Look at the New Uniform Guidance
Thursday, December 28, 2017
The Uniform Guidance replaced (8) OMB Circulars for all types of recipients of Federal grants and cooperative agreements. The transition period from the OMB Circulars to the Uniform Guidance is nearly over. Now is time to fully understand the implications of the new rules as it impacts your organization so that you will be compliant.
This all day course will provide you with 8 hours of the important Yellow Book credit.
Over the course of a day you will:
(First half of the day)
1. Be introduced to the Uniform Guidance, the Joint Interim Rule and agency deviations, the applicability and effective dates, and the role of the COFAR and their FAQs.
2. Obtain a comprehensive understanding of Subparts C & D, the compliance aspects of the pre and post-award requirements like the new procurement rules and the new section on sub-recipient monitoring.
3. Participate in a practical exercise in preparing a grant application budget and budget narrative.
(The second half of the day will be devoted to Subpart E - Cost Principles)
4. Understand what happens to indirect rates under the new rules.
5. Participate in an exercise to build an indirect rate for a nonprofit that has Federal awards.
6. Cover the 55 cost principles, by categorizing them in a list as allowable or unallowable, what has changed with time reporting, and other cost principles that most people use in their every day efforts.
*To obtain a real-world interpretation of the Uniform Guidance
*To walk away with a comprehensive working knowledge of the Uniform Guidance
*To engage in 2 practical exercises that continually challenge people's understanding and capability to prepare a compliant grant application budget and budget narrative and to prepare an indirect cost rate proposal for a nonprofit entity
* To reinforce your existing knowledge with the confidence that you have the skills to successfully operate within the stringent compliance requirements of the Uniform Guidance
*We will cover the following major areas: - COFAR and FAQs - Effective date, applicability and transition issues - The new changes to thresholds, what changed, what remains - Illustrative diagrams of the financial management system - New emphasis on internal controls, terms and conditions and incorporate the results of Single audits into risk analysis - Changes to time reporting - List of the cost principles categorized as allowable and unallowable
*New areas in the Uniform Guidance: - Conflict-of-interest - Disclosure of criminal conduct - Computing devices treated as supplies - Revised to 5 new methods of procurement: micro-purchases, small purchase procedures, sealed bids, competitive proposals and sole source - New section on sub-recipient monitoring - Internal controls - Period of performance - Fixed amount awards and sub-awards - 10% de minimus indirect rate - Extending existing negotiated indirect rates up to 4 years - The direct cost allocation principle - The direct charging of administrative personnel to awards - Unallowable costs plus interest refunded to agencies - How to handle negotiated indirect rates with unallowable costs - A new onerous certification