Basic understanding of governmental generally accepted accounting principles and common grant provisions.
Those responsible for the oversight, accounting, and financial reporting for grants; as well as auditors of governmental financial reports and providers of federal funds Single Audit and grant program audit services to governments.
One of the most profound changes introduced by the Office of Management and Budget (OMB) Uniform Guidance covering federal grants relates to the reporting on, and the monitoring requirements for, subrecipients.
This two-hour internet training will discuss the new requirements, provide strategies on how to meet the reporting and monitoring obligations, and determine the appropriate documentation procedures. GFOA’s best practices on establishing an effective grants policy, grants administration, and establishing a centralized grant oversight committee, along with other aspects of compliance with OMB Uniform Guidance will also be discussed.
Those who successfully complete this seminar should be able to:
• Identify your responsibilities as a grantee for subrecipient monitoring;
• Understand the Uniform Guidance compliance requirements for subrecipient monitoring;
• Understand and be able to apply GFOA’s best practices for grants.