A Practical Guide to Grant and Cooperative Agreement Complia

Apr 17 - Apr 18

A Practical Guide to Grant and Cooperative Agreement Complia9:00 am - 4:00 pmEach year the Federal government issues more funding as grants and cooperative agreements than contracts. This trend has accelerated in the past two years and has seen increased media attention due to the COVID-19 crisis and the race for a vaccine and other treatments. In this course, we will introduce you to federal grant funding and discuss the relevant compliance considerations and requirements. This 2-day course consists of 8 sessions. Sessions include: Session 1: Basics of Grant Management
Program Description: In this session, we will examine the key characteristics that define grants and cooperative agreements. We will also navigate the various regulatory frameworks that govern grants and cooperative agreements, including 2 CFR 200 (Uniform Guidance).
Learning Objectives: By the end of this session, students will understand the regulatory framework and key characteristics that separate contracts, grants, and cooperative agreements. They will also have an understanding of the roles and responsibilities related to grants management. Session 2: Cost Allowability and Allocability
Program Description: In this session, we will examine the 2 CFR 200, Subpart E Cost Principles and identify the factors that affect allowability of costs charged to federal grants. We will take a deep dive into types of costs that cause significant disallowances for federal grant recipients and discuss the exceptions to unallowable cost.
Learning Objectives: By the end of this session, students will have an understanding of allowability, allocability, and reasonableness as it pertains to costs charged to a federal grant. Students will also learn to identify exceptions to unallowable cost when present. Session 3: Preparing an Indirect Rate Structure and Cost Proposal Rates
Program Description: In this session, we will lead students through the indirect cost rate proposal process and provide examples of compliant cost structures for recovery of indirect costs. We will discuss common indirect cost rate negotiation tactics and provide best practices for indirect cost proposal development.
Learning Objectives: By the end of this session, students will be able to develop a compliant cost allocation structure and prepare, submit, and negotiate an indirect cost rate with a federal cognizant agency. Session 4: Timekeeping and Labor Accounting for Federal Grants
Program Description: In this session, we will focus on the cost principle behind timekeeping, generating quality supporting documentation, and what’s expected under Uniform Guidance. You’ll learn about what audit procedures you are likely to face and how organizations that have received findings could have avoided trouble.
Learning Objectives: By the end of this session, students will be familiar with the timekeeping requirements associated with federal grants and the best practices for implementing a compliant timekeeping system. Session 5: Subrecipient Monitoring
Program Description: In this session, we will address subrecipient monitoring best practices and how to avoid pitfalls. The Uniform Guidance introduced significant new responsibilities for pass-through entities and audit findings have shown that many are still struggling to keep up. If your organization issues subawards this is a can’t miss session. We will cover pass-through entity responsibilities, risk assessments, monitoring best practices, and common pitfalls and how to avoid them.
Learning Objectives: By the end of this session, students will be familiar with subrecipient monitoring best practices and how to manage subrecipient relationships as a pass-through entity. Session 6: Billing / Drawdown and Payment; Documentation and Record Retention Issues
Program Description: In this session, we will discuss cash management and why it is critically important to federal grants management due to the availability of advance funding. Federal grant recipients will need to manage federal cash when billing/drawing down funds and making payments in a manner that is consistent with the regulatory requirements.
Learning Objectives: By the end of this session, students will understand the cash management requirements associated with advance funding on federal grants and be ready to implement best practices for billing/drawdown processes. Session 7: Policy & Procedure and Internal Controls for Grants
Program Description: In this session, we will discuss the requirements associated with internal controls in 2 CFR 200. We will review the COSO Framework and examine example controls over grants management.
Learning Objectives: By the end of this session, students will have an understanding of the requirements associated with internal controls in 2 CFR 200 and how to implement an adequate system of internal controls in their organization. Session 8: Preparing for Compliance Audits and Final Accounting Under Grants and Cooperative Agreements
Program Description: In this session, we will examine subpart F of 2 CFR 200 and discuss the audit requirements associated with grants and cooperative agreements. We will review the most common audit procedures used and discuss how an organization can prepare in advance to help ensure a successful compliance audit. Classroom / Arlington, VA / American Management Association Learn More »

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Apr 17 - Apr 18

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