OMB Circular A-110: Overcoming Post-Grant Challenges

Leveraging Key Cost Reimbursement Principles for Non-Profits Accepting Federal Grants

Recording of a 110-minute CPE webinar with Q&A


Conducted on Wednesday, July 25, 2012

Recorded event now available

or call 1-800-926-7926
Program Materials

This teleconference will prepare advisors to non-profits to effectively meet the costing principals, management procedures and creation of internal controls required when a non-profit receives a federal grant.

Description

Once a non-profit receives a coveted federal grant, the NPO and its advisors must make sure to work within the cost-assignment principles, internal controls and other procedures required under the federal Office of Management and Budget Circular A-110.

NPOs getting grants directly from a federal agency, or as a sub-award through a state or local government, have much to manage under OMB Circular A-110: expenditure periods, special grant conditions, recordkeeping and financial management standards, and cost-sharing rules.

Practical experiences from seasoned non-profit accounting advisors can help NPOs and their advisors deal with the potential non-compliance implications and develop the consistent management practices required by the circular.

Listen as our panel of experienced consultants explores the material terms and practical realities of compliance with federal grants under Circular A-110.

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Outline

  1. Covered awards
    1. Grants vs. procurement contracts
    2. Cost-reimbursable grants
  2. Terms of Circular A-110
    1. Special grant conditions
    2. Recordkeeping standards
    3. Procurement procedures
    4. Required financial management and accounting
    5. How costs are allocated and shared
  3. Practical compliance experiences often faced by non-profits
    1. Emphasis on staying compliant with A-110, keeping grant

Benefits

The panel will probe these and related topics:

  • Dealing with grant conditions and pre-award survey certifications.
  • Recordkeeping, financial management and accounting requirements for NPO grant recipients.
  • Special rules for cost-sharing and matching contributions.
  • Monitoring and reporting program performance.

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

Denes Tobie
Denes Tobie

Partner
Wipfli

She is attached to the firm's Non-Profit and Government Practice and presents frequently on Circular A-110 compliance....  |  Read More

Michael Vernick
Michael Vernick

Partner
Hogan Lovells

He practices primarily in the areas of government contracts and federally sponsored research, working with colleges,...  |  Read More

Rachel Flanders
Rachel Flanders
Partner
Clifton Larson Allen

She works with non-profit clients and and serves as a quality liaison for the firm, specializing in federal grant...  |  Read More

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