Not-for-Profit & Government Accounting Conference Agenda

1-A&APrepare for Significant Changes to OMB’s Uniform Guidance

The Office of Management and Budget (OMB) updated and revised guidance for federal financial assistance, including revisions to 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the federal regulations surrounding single audits). The changes are intended to strengthen and streamline administration of federal financial assistance and to help recipients of federal funding “focus more on the people they serve and to deliver results for their communities.”

In this session attendees will learn how these changes may impact your organization’s grants management policies and procedures. At the end of this session, you will be able to:

• Recall the upcoming changes to the Office of Management and Budget (OMB) updated and revised guidance for federal financial assistance 
• Recognize how to update grants management policies and procedures in response to the changes

1-OtherGrants Management Life Cycle

• Examine the grants life cycle, from request for proposal (RFP) through agreement, management and reporting
• Understand how the financial professional's involvement in each aspect of the grant process increases the likelihood for success
• Identify best practices for management and reporting of grants
• Recognize how political and economic factors impact current and future grants