OMB Circulars:
Guidelines for Administering Federal Funds and Contracts
Finance

Did you know that the Environmental Protection Agency (EPA) Inspector General has recommended disallowing approximately $1 million to tribally run EPA programs due to inadequate documentation of time logs and payroll expenses? In specific cases, the U.S. Department of Health and Human Services has disallowed the costs of in-kind contributions for similar reasons.

Get the most comprehensive and up-to-date information available on OMB guidelines for administering federal funds and contracts. Attend this two-day class and learn about new record-keeping requirements for employees, new limitations on council and board member stipends and requirements regarding the preparation of indirect cost proposals.

Significant changes, such as interest and selfinsurance costs that are now allowable, are all explored in-depth. The class also features a review of OMB Circular A-102, which stipulates hundreds of financial requirements for administering federal funds, as well as the Single Audit Act and related OMB circulars, such as A-50 and A-133. Your registration fee includes a CD with links to the OMB circulars covered in the class, links to key Web sites and useful financial resources.

Topics that will be covered include:

OMB A-87 — Revised Cost Principles for Taxes Allowable and allocable costs Unallowable charges Justifying questioned costs Allowable taxes to federal programs Indian Self-Determination Act provisions: Relating the new cost principle provisions of Section 106(k) to existing cost circulars OMB Circular A-102 Pre-award requirements Post-award financial management Changes in budget, property and sub-awards Sub-grants and sub-awards to debarred parties Monitoring, reports, records and retention Enforcement provisions Review exercises Interest and Insurance Costs Charging interest on your own funds Interest paid on capital projects Interest costs on capital equipment and buildings Allowability of general insurance costs Not insuring government-owned property Self-insurance funds Federal Assistance Forms Budget information: Non-construction programs Construction programs Federal Register 5 CFR, 1320: Controlling paperwork burden Drug-Free Workplace Applicability of drug-free workplace regulations Certifying a drug-free workplace Grants to individuals Sanctions for non-compliance

Debarment and Suspension Government-wide common rules Causes for debarment and suspension Applicability Compliance Expenditure of grant funds Non-compliance Appeals procedures Department of Labor Grant Appeals Procedures Agency review General Accounting Office Administrative vs. judicial review Judicial review Exhaustion of administrative remedies Limitations of judicial review Conflicts of interest: Bribery Illegal compensation Financial interest Administrative rules Appeals for administrative actions Department of Grant Appeals Board procedures Single Audit Act OMB Circular A-50 Audit follow-up Failure to have a required audit Audit costs Recordkeeping Report submission and release OMB Circular A-133 Hands-On Activities Class exercises Case studies