Fundamentals of Federal Assistance Governing Requirements Training by Tonex
This course provides participants with a comprehensive understanding of the fundamentals of federal assistance governing requirements. Participants will explore key principles, compliance standards, and regulations surrounding federal assistance programs. The course covers essential topics such as grant management, cost principles, administrative requirements, and audit processes, helping professionals navigate the complexities of federal assistance and ensure compliance with federal regulations.
Learning Objectives:
- Understand the foundational principles of federal assistance governing requirements.
- Learn the regulatory frameworks governing federal assistance programs.
- Explore cost principles and allowability under federal grants.
- Gain insights into administrative requirements and compliance measures.
- Understand audit requirements and processes for federal programs.
- Apply best practices to manage and monitor federal assistance programs effectively.
Target Audience:
- Federal agency professionals managing assistance programs.
- Grant managers and administrators.
- Compliance officers and auditors.
- Nonprofit and public sector employees involved in federal grant management.
- Financial managers and accountants handling federal assistance funds.
- Individuals seeking to enhance their knowledge of federal regulations and compliance.
Course Outline:
Introduction to Federal Assistance Programs
- Overview of federal assistance.
- Types of federal awards.
- Key regulatory bodies and legislation.
- Understanding the role of OMB Circulars.
- Federal funding mechanisms.
- Terminology and definitions in federal assistance.
Federal Assistance Governing Regulations
- Overview of the Uniform Guidance (2 CFR 200).
- Understanding federal cost principles.
- Administrative requirements under federal law.
- Responsibilities of recipients and sub-recipients.
- Special terms and conditions in federal awards.
- Reporting and recordkeeping obligations.
Cost Principles for Federal Awards
- Allowable vs. unallowable costs.
- Direct vs. indirect costs.
- Cost allocation principles.
- Timekeeping and personnel costs.
- Budget modifications and cost-sharing.
- Monitoring cost compliance in grants.
Administrative Requirements for Federal Programs
- Pre-award processes and application requirements.
- Award management and compliance strategies.
- Subrecipient monitoring and risk assessment.
- Procurement standards and procedures.
- Property management under federal grants.
- Post-award reporting and record retention.
Audit and Compliance in Federal Assistance
- Overview of federal audit requirements.
- Single Audit process.
- Corrective actions and audit findings.
- Internal controls for compliance.
- Common audit challenges and solutions.
- Preparing for audits and assessments.
Best Practices in Managing Federal Assistance
- Risk management strategies.
- Building strong internal control systems.
- Effective communication with federal agencies.
- Training staff on federal compliance requirements.
- Performance measurement and evaluation.
- Continuous improvement in federal grant management.
Join Tonex for this essential training course and elevate your understanding of federal assistance governing requirements. Gain the expertise needed to ensure compliance, manage risk, and excel in managing federal assistance programs. Sign up today to enhance your career and protect your organization from regulatory pitfalls!