Why Should I Attend?
Receiving financial assistance from Federal funding agencies require that grantees (tribes and tribal organizations) must comply with Federal rules governing the receipt and use of Federal funds. The Office of Management and Budget (OMB) is responsible for oversight on the use of Federal funds by grantees. OMB issues rules such as OMB Circular A-87 which sets the policy for cost principles and prescribes the proper use of Federal funds. OMB prescribes rules in Circular A-133 that governs the Annual Single Agency Audits. Through these rules, OMB makes sure grantees comply with the rules and sets forth penalties for violation of the rules. Federal agencies are required to carry out the rules in OMB Circulars and have the responsibility to make sure grantees are in full compliance. Federal agencies like the Bureau of Indian Affairs will sanction grantees that fall out of compliance including withholding Contract Support Costs and assuming control of federal programs.
New OMB Guidance. On December 26, 2013, OMB released the long awaited new guidance on grant reform, consolidating and revising eight (8) circulars on federal grants administration, cost allowability, and audits, in order to incorporate other government-wide policies. Circulars affected include A-21, A-87, A-110, A-122, A-89, A-102, A-133. The new Code of Federal Regulations at 2 CFR Chapter I, and Chapter II Part 200 et. al, contains Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Federal agencies now have months to develop conforming regulations to implement the new requirements in their respective agencies by December 26, 2014.
Who Should Attend?
Elected tribal officials, tribal boards and commissions, tribal administrators, program managers, finance and accounting staff, grants and contracts staff, tribal attorneys, CPAs, Federal contracting staff including awarding officials, AOTRs and Federal line officers will benefit from this course.
You Will Learn...
• Which requirements remain the same, which requirements have changed, and what the impacts will be on your organizations and your Federal awards.
• How to navigate in the new Code of Federal Regulations.
• How to transition your organization to meeting and complying with the new requirements.
- An overview of uniform administrative requirements, the cost principles, and auditing requirements; and how these requirements apply to your existing federal awards such as Public Law 93-638 contracts and compacts, and other federal grants.
- Instruction on Administrative Requirements (Government-Wide Common Rule in implementing Circular A-102, Circular A-110, Circular A-89).
- Instruction on Reforms to Cost Principles (Government-Wide rule in implementing Circular A-21, Circular A-87, Circular A-122).
- Instruction on Reforms to Audit Requirements (Government-Wide rule in implementing Circular A-133 and Circular A-50).
- And much more!