Back to Basics –Intro to Federal Grants Allowability
The allowability of federal expenditures is one of the more common but complex issues that grant personnel face. This presentation will provide participants with the knowledge to avoid disallowances by ensuring that all federal grant expenditures are consistent with the UGG’s Part 200 cost principles and selected items of cost. It will also provide an overview of the required grants management system requirements that must be in place to ensure costs are tracked and documented in an allowable manner. This includes a compliant and well documented financial management system, procurement system and inventory management system.
Who Will Benefit?
This webinar is of value to all federal granting agencies, federal grant recipients, and everyone who works with federal grants, including:
- Grant and program administrators
- Grant program staff
- State, district and school personnel
- Program monitors
What Will You Learn?
By the end of the webinar, attendees will:
- Obtain an enhanced understanding of what makes a cost necessary, reasonable, and allocable.
- Acquire new methods to ensure the allowability of costs.
- Learn essential details of common selected items of cost provided through real-life examples.
- Gain a greater understanding of the grants management system requirements.
- Understand the records retention requirements and vulnerabilities under 2 CFR Part 200.
Brustein & Manasevit, PLLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education (CPE) on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.learningmarket.org.