Course ID: UGFG-102

Navigating the Uniform Guidance – 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. Explore the 3-themes of the new rules: emphasis on internal controls, terms and conditions and the use of Single Audits to ensure compliance or corrective action plans to fix the problem grant systems and processes. 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. For any organization requesting this course material, we can adjust the citations to 2 CFR 200 or 45 CFR 75 for just HHS awards as HHS has a separate numbering scheme.


LEARNING OBJECTIVES
  • Understand how the Uniform Guidance is set up and how it works
  • Recall 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
  • Identify what happens to indirect rates under the new rules
  • Recognize commonly used cost principles

MAJOR TOPICS
  • Introduction to the Uniform Guidance & Federal Grants Compliance
    The Importance of Compliance – University War Story – What is unique about cost reimbursable grants – The difference between the Uniform Guidance and the FAR – Obligations and Authorizations – What is new and different – Who was the COFAR – What is the significance of the COFAR FAQ interpretations – What is the impact of the Joint Interim Rule
  • The Pre & Post Award (Subparts B. C and D)
    Subpart B – General Provisions – 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 – Property – Record retention and access to records – The requirements of a financial management system including diagrams and sample reports for illustration purposes – Accounting for Non-Labor Cost – Cost sharing and match – How to value match – Program income – Financial Reporting and Monitoring – Fixed Amount Awards – The new section on sub-recipient monitoring – The new procurement standards – How to prepare a corrective action plan – Budgeting and monitoring in the post award phase – Time reporting. Any helpful changes?
  • What Happens to Indirect Rates under the Uniform Guidance
    Direct and indirect cost definitions – Basic indirect rate mechanics – The de minimis 10% indirect rate – Extending existing negotiated indirect rates – Direct cost allocation principle – Direct charging of administrative personnel – Unallowable costs plus interest refunded to agencies – What to do with indirect rates with unallowable costs – New onerous certifications
  • Subpart E – Cost Principles under the Uniform Guidance
    Categorize the principles as allowable versus unallowable – Cost principles that have changed or been eliminated – 3 new cost principles – The more commonly used principles such as compensation and fringe benefits – Coverage of the common 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
8.0

LEVEL
Basic

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