fbpx
Whitepaper: The Audit World's Biggest Myths
Download Now
Whitepaper: The Audit World's Biggest Myths
Download Now

Navigate Federal Grant Compliance with Confidence

Fill out the form below or call 855-227-3343 to connect with our team

Federal Grant Compliance 

Capital Edge is a grant consulting firm that combines our team’s experience in consulting, public accounting, industry, and government to provide you with unmatched Federal Grant Compliance Training expertise. Our government grant consultants provide government contractors and nonprofit organizations with a wide variety of services focused on overcoming their most difficult compliance challenges. We are committed to helping organizations overcome these challenges so that they can focus on what is most important, which is the successful implementation of their Federal award.

Federal Award Consultants

At Capital Edge, our Federal award consultants specialize in providing comprehensive support to grant and cooperative agreement recipients who are left navigating the complexities of the Federal regulatory framework. Our team brings a wealth of experience and expertise, offering services that cover the entire grant lifecycle. From assisting with budget development during the pre-award phase, to establishing Federal award compliant policies and procedures, to assisting with award reporting and close-out, and everything in between, our experts will provide you with customized services that address your entity’s specific needs. 

With our support, Capital Edge will work to overcome challenges faced by our clients, while minimizing risk, optimizing program efficiency, increasing potential cost recovery, and ultimately allowing our clients to focus more of their attention on the industries, communities, and individuals that they serve

To learn more about our federal grant compliance training, contact us today.

Pre-Award Phase
Award Phase
Post-Award Phase

The pre-award phase represents the beginning of the grant lifecycle, which includes important considerations regarding the pricing of the award and maximizing cost recovery efficiency over the full award term. This phase is also the organization’s opportunity to ensure that it is capable of complying with the compliance requirements associated with the new award.

The award phase is the shortest in the grant lifecycle but perhaps one of the most important for recipients. Recipients should pay close attention to negotiations occurring during this phase as the agreements reached will impact the entire award term.

  • Agreement Negotiations
  • Business Systems Design
  • Change Management
  • Temporary Staff Augmentation
  • Indirect Cost Rate Proposal Development
  • ERP Optimization
  • Procurement Excellence

The post award phase is where the rubber meets the road. Recipients must deliver on all of the promises made during the award phase. Capital Edge thrives in the post award phase and can provide tremendous value to organizations that are struggling to manage the Federal award in compliance with Federal statutes, regulations, and specific terms and conditions. Recipients can expect to be audited each year for compliance with Uniform Guidance (2 CFR 200) and awarding agency supplements.

  • Indirect Rate Structure Assessment
  • Periodic Compliance Monitoring Support
  • Annual Federal Grant Compliance Training
  • Audit Support & Risk Assessment
  • Audit Findings Remediation
  • Outsourced Compliance Department
  • Policy and Procedure Development
  • Internal Controls Assessment
  • Forensic Accounting & Investigations
  • Outsourced Cost Reporting
  • Grants Closeout Support
  • Contractor Purchasing System Review (CPSR) Preparation & Support

What is Federal Grant Compliance?

Grant compliance is the process of ensuring that all federal grants are properly reported to the government. There are different standards for each type of program, but most programs will have some sort of set of rules and requirements, documentation, progress, impact, and reporting of data.

GET HELP WITH Grant COMPLIANCE

Indirect Cost Recovery for Grantees

Uniform Guidance introduced sweeping changes to administrative requirements, cost principles, and audit requirements for Federal awards to non-Federal entities. These changes brought new responsibilities and opportunities to non-Federal entities. Unfortunately, most publicly available guidance focuses primarily on helping non-Federal entities cope with the added responsibilities, leaving little consideration to the new opportunities that are now available. The most overlooked of these opportunities is the ability, but more importantly the right, to Indirect Cost Recovery.

If your organization has never had a Federally negotiated indirect cost rate or if you have elected to use the “de minimis” rate, please provide us the opportunity to show you how much money you could be recovering for your organization. Capital Edge Consulting is actively offering federal grant compliance and working with Federal grantees all over the country to develop and negotiate Federal indirect cost rate agreements. Our industry experts will guide you through the calculation, proposal, and negotiation of indirect cost rates.

To the right-hand side, you will find some upcoming training courses and thought leadership. If you’d like to learn more about our approach, experiences, and solutions, we hope to see you at one of the following training sessions or contact us directly.

Prior to Uniform Guidance, the ability to apply for and be awarded a negotiated indirect cost rate agreement (NICRA) was heavily dependent on the Federal awarding agency. Since December of 2014, non-Federal entities have to option to submit an indirect cost rate proposal and negotiate a rate based on the prior years cost information. Organizations owe it to their mission and to their stakeholders to take full advantage of and recover every dollar of funding that is available. As budgets become tighter and meetings become more difficult due to reductions in funding, organizations may find relief by recovering more indirect costs on their Federal grants.

GET HELP WITH Grant COMPLIANCE

Frequently Asked Questions

Here are the latest questions being asked about Federal Grant Compliance 

When Was the Last Revision to Uniform Guidance (2 CFR 200)?

On August 13, 2020, OMB published Final Guidance to revise Uniform Guidance for the first time since its initial release date in 2014. These revisions to the guidance are effective November 12, 2020, except for the amendments to §§200.216 (Prohibition on certain telecommunication and video surveillance services or equipment) and 200.340 (Termination), which are effective on August 13, 2020.

What Revisions to Uniform Guidance (2 CFR 200) Should Organizations Be Aware Of?
The following two provisions are most impactful to recipients:

1. §200.322 Domestic preferences for procurements. This new requirement emphasizes that an organization to the greatest extent practicable under a Federal award, provide a preference for the purchase, acquisition, or use of goods, products, or materials produced in the United States (including but not limited to iron, aluminum, steel, cement, and other manufactured products).

2. §200.320 Methods of procurement to be followed. Organizations may be eligible for a Micro-Purchase Threshold up to $50,000 if they meet the criteria set forth in this revised section.

What Compliance Area Will Be Most on Auditor's Minds During This Year's Single Audit?
Auditors are likely to have an increased focus on the adequacy of organizational policies and procedures due to the inclusion of an enhanced Internal Controls part in the August 2019 Compliance Supplement by OMB. The Compliance Supplement is a document that identifies existing important compliance requirements that the Federal Government expects to be considered as part of an audit required by the Single Audit Act Amendments of 1996 and 2 CFR part 200, subpart F. Part 6 titled “Internal Controls” in the 2019 Compliance Supplement contains illustrative control activities that an auditor can expect to find in an adequate set of policies and procedures. This new set of information that is being furnished to auditors will act as a benchmark against which auditee organizations may be measured.

How Do the PPP Loans and Other CARES Act Funds Impact Recovery on My Federal Grants?
On June 18th, 2020 OMB Issued Memorandum M-20-26 which rescinded M-20-17 and provided an extension for two of the flexibilities through September 30, 2020. When addressing the allowability of salaries and other project activities the memorandum said the following regarding the PPP loan and other CARES Act funding:

“Under this flexibility, payroll costs paid with the Paycheck Protection Program (PPP) loans or any other Federal CARES Act programs must not be also charged to current Federal awards as it would result in the Federal government paying for the same expenditures twice.”

Is CARES Act Funding Subject to compliance with 2 CFR 200 (Uniform Guidance)?
Yes, Fund payments are considered to be federal financial assistance subject to the Single Audit Act (31 U.S.C. §§ 7501-7507) and the related provisions of the Uniform Guidance, 2 C.F.R. § 200.303 regarding internal controls, §§ 200.330 through 200.332 regarding subrecipient monitoring and management, and subpart F regarding audit requirements. The CFDA number assigned to the Fund is 21.019.

Need Help Making Your Organization Compliant?

GET HELP NOW

Federal Grant Compliance Training

TRAINING & EVENTS

We have quite a few upcoming federal grant compliance trainings that could benefit you and your team as you work through Federal Grants. Check out our existing events or contact us about custom training for your business today!
CHECK OUT OUR EVENTS
federal grants compliance training

About Capital Edge Consulting

Capital Edge government contract consultants support Government Contractors and Federal Grant Recipients. Our consultants specialize in the regulatory compliance matters you need.

Stay In Touch

or

Call Us: (855) 227-3343

© 2024 Capital Edge. ALL RIGHTS RESERVED. SITE BY 828 MARKETING AND WEB
Whitepaper: The Audit World's Biggest Myths
Download Now
crossmenuchevron-down
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram Skip to content