Recent Revisions to OMB's Uniform Guidance

After more than a year of intense review and revision, the Office of Management and Budget has released its long-awaited overhaul of  Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 C.F.R. Part 200). When work began on the hefty collection of grants guidancepolicies, OMB committed to resolving previous interpretation arguments, filling policy gaps, eliminating low-value procedural steps, and delivering on burden reduction. 

It was a pretty tall order, but it looks like OMB might actually have achieved some of those objectives. The extensive comments OMB received on its draft proposal provided the roadmap to craft revisions released on April 4 that:

• Update dollar thresholds for single audit coverage and management of grant-acquired property
• Reduce the need for future policy “band-aids” like long lists of Frequently Asked Questions
• Provide clearer guidance about how to differentiate between subrecipients and contractors and what to do next
• Clean up the previously disjointed standards for procuring goods and services
• Reinforce policies assuring fairer indirect cost recovery 
• Drop numerous prior approval requirements, and clarify how to document those that remain

This webinar will alert you to what’s changed and what hasn’t, and provide tips to kick start your implementation of the new rules.

Throughout his 40-year career dealing with federal grant implementation, presenter Bob Lloyd has tracked OMB's policymaking and federal agency responses in ways that will provide a broad and practical perspective about what's ahead for your organization.

Who Will Benefit:

• All leaders and staff members who have program or administrative responsibilities for the federal grants and subawards received by their organizations.

This webinar is being hosted in partnership with Federal Fund Management Advisor.