Federal Grant Compliance Training
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.
To learn more about our federal grant compliance training, contact us today.
What is 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.
BREAKING: Federal Grant Compliance Updates
Is your organization leaving money on the table that could be critical to your mission?
Our Federal Grant Compliance Expert Dan Durst as he provides 5 reasons NOT to use the De minimis Rate.
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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.
- Market Entry Strategy Development
- New Project Feasibility Analysis
- Cost Allocation Structure Design
- Application Budget Development
- Budget Narrative Development
- Pre-Award Compliance & Capability Assessment
- Get the Pre-award Federal Grants Compliance Checklist – Click here
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
Federal Grant Compliance Training
Read the latest Federal Grants Compliance Blog
Over 200 Public Comments were Received on the Guidance for Grants and Agreements Proposed Rule by the Management and Budget Office on 01/22/2020.
Our team received an advanced copy of the final updates. We are in the process of performing a complete analysis of the changes, and will be sharing an update soon.
Capital Edge’s “Federal Grant Compliance Updates” are your best source for the latest developments impacting the administrative requirements, cost principles, and audit requirements relevant to your Federal grants and cooperative agreements.
Tune in for expert analysis and commentary from our team which actively works with some of the largest Federal award recipients in the nation. See calendar above and sign up for our NEWSLETTER!
Federal Grant Compliance Resources
Latest Questions Being Asked About Federal Grant Compliance
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.
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.
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.
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.”
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.
Downloadable Datasheets
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.