TAALA FUND TRAINING ANNOUNCEMENT OMB’s New Uniform Guidance: Administering Federal Funds and Contracts DATE: September 16 – 17, 2014 LOCATION: Quinault Beach Resort and Casino, Ocean Shores, WA HOTEL: Quinault Beach Resort and Casino, (room rates are $99 ocean view, $89 non-view and $15 upgrade fee to their new 4th floor rooms.) Call 1-888-461-2214 or visit online @ QUINAULTBEACHRESORT TUITION: $400.00 (savings compared to $650-$795 out of state training offers and no airfare) TRAINER: John Friel, Director of Tribal Finance with Falmouth Institute, and he works closely with a number of local tribes in developing their Indirect Cost Agreements. In December 2013, OMB released its long-anticipated Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, popularly known as the “Super Circular.” This final guidance supersedes and streamlines requirements from OMB Circulars A-21, A-87, A-110, and A-122; Circulars A-89, A-102, and A-133; and the guidance in Circular A-50 on Single Audit Act follow-up. The Super Circular is intended to reduce unnecessary regulatory and administrative burdens. But, for those who work with grants, contracts, audits, etc, wading through and understanding these changes will be a burden in and of itself. In addition to walking you through these changes, this course will also provide you with a comprehensive overview of guidelines for administering federal funds and contracts. TOPICS The New Super Circular Cost Principles Debarment & Suspension How it is organized? ○ Allowable and allocable costs ○ Causes for debarment & What’s Changes? ○ Unallowable charges suspension ○ Administrative requirements ○ Justifying questioned costs ○ Applicability ○ Post-award requirements ○ Allowable taxes to fed prog. ○ Compliance ○ Pass-through of negotiated rates ○ Indian Self-Determination Act ○ Expenditure of grant fund ○ Subrecipient monitoring provisions ○ Non-compliance ○ Performance measurement ○ Where the new cost principle ○ Appeals procedures Requirements provisions of Section 106k ○ Cost-sharing are found in the super Circular Single Audit Act ○ Negotiated and flat rates ○ OMB Super Circular ○ Single Audit Compliance Grants and Coop Agreement ○ Audit follow-up Requirements with State & Local Gov. ○ Failure to have a required ○ Requirements for making your ○ Pre-award requirements audit Financial statements public ○ Post-award financial mgt ○ Recordkeeping ○ New standards for providing ○ Changes in budget, property ○ Report submission & Funding opportunities and sub-awards release ○ Post award grant extensions ○ Sub-grants & sub-awards to ○ New small purchase threshold debarred parties Interest and Insurance Cost ○ Change to audit threshold ○ Monitoring, reports, records ○ Charging interest on your ○ Merit review standards for retention own funds Evaluating your grant proposal ○ Enforcement provisions ○ Interest paid on capital ○ New family friendly travel policies ○ Review exercises equipment and bldgs. ○ Central service cost allocation plans ○ Allowability of general ○ Additional prior approval requirements insurance costs ○ Converting to full accrual for payroll ○ Not insuring gov-owned ○ Indirect cost on contract health costs property
Posted on: Tue, 03 Jun 2014 22:06:29 +0000
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