Course ID: UGFG-101

Navigating the Uniform Guidance (2 CFR 200) – The New Rules for Federal Grants Management

What is the Uniform Guidance? It is the new updated rule-book for Federal grants management and compliance sub-divided into 6 parts. We will review 5 of the 6 parts, excluding Subpart F – Audits. In a half-day, you will understand all of the major ramifications of the new regulation and its implications of Federal grants and cooperative agreements. Look for the 200-level courses that will provide a deeper knowledge and fine-tune your skills with practical applications for procurement, sub-recipient monitoring, indirect rate preparation, and developing application budgets and mechanisms to monitor your budget.


LEARNING OBJECTIVES
  • Understand how the Uniform Guidance is set up and how it works
  • Recall the latest theory and FAQ interpretations
  • Identify internal control areas that involve Federal awards
  • Understand the Government’s concerns per 3 repeating themes within the regulation

MAJOR TOPICS

Introduction to the Uniform Guidance

  • What is the Uniform Guidance
  • What is new and different
  • What was the short-lived COFAR
  • Subpart B – General Provisions
  • When do the rules become effective
  • How did the Federal agencies implement the new rules
  • What is the impact of the Joint Interim Rule

    Impact of the Last COFAR FAQ – July 2017

  • What are the newest interpretations
  • Update on the Uniform Guidance

    The Pre & Post Award (Subparts C and D)

  • Emphasis on new themes in Uniform Guidance: risk posed by applicant, internal controls, terms and conditions of award, and corrective action to Single audit findings
  • Macro rules vs. the micro terms and conditions
  • What is unique about cost reimbursable grants
  • Record retention and access to records
  • The requirements of a financial management system including diagrams and sample reports for illustration purposes
  • Fixed Amount Awards
  • Cost sharing and match – How to value match.
  • Program income
  • Equipment and supplies
  • New section on Sub-Recipient Monitoring
  • The new Procurement standards
  • Micro Purchase Threshold – Up to $3,000
  • Small Purchase Procedures – $3,000 to $150,000
  • Competitive Proposals – > $150,000
  • Proposals by Sealed Bid – > $150,000
    Sole Source Procurements

    Subpart E – The Cost Principles

  • What has changed with indirect rates
  • What are the new time reporting rules
  • A categorized list of the 55 cost principles

DESIGNED FOR
Public accountants that are involved with Single (old A-133) Audits; Consultants that need updated understanding of the new rules; All public accountants that require a refresher course that covers all of the critical elements; Executive Directors, COO, CFO, director of grants or finance that have a significant amount of Federal awards, grant administrators, Principal investigators (PI) and other program personnel charged with managing grants with nonprofits; hospitals; institutes of higher education; state and local, tribal units of government; Federal personnel; even commercial firms engaged with Federal awards

FIELD OF STUDY
Accounting (Gvmt)
Auditing (Gvmt)

PREREQUISITES
None

COURSE PRODUCER
Business Learning Institute

CPE CREDITS
4.0

LEVEL
Basic

This course is available for your group as:

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