Time to Get Your Local Grants Policies in Order

October 23, 2014 | By Jerry Ashworth | Post a Comment

note-and-pen-1429039-mFederal awarding agencies are preparing their regulations to integrate the Office of Management and Budget’s uniform grant guidance, which OMB will release in December, but that’s no reason for you as a grant recipient to sit back and wait for the changes. You should get your local policies in order. But where to start? Thompson’s here to help.

Why should you have internal grant policies? Written local policies provide “reasonable assurance” that your organization can safeguard the expenditure of federal funds while advancing compliance and performance. These policies can improve your organization’s internal controls by creating enforceable rules, which reduce the instance of fraud, waste and abuse. Having these policies established now can show that you are ready for your grant program to comply with new guidance and help improve performance.

To learn more about local policies and assist in developing them, Thompson will host a webinar tomorrow starting at 1 p.m. Eastern Time that can help attendees learn more about local policies and how to develop them. The webinar will point out particular references in the uniform guidance where OMB has identified the need that specific policies be in place, and establish ways to update your policies to better align with the uniform guidance, including the use of an outline or template to develop policies.

The webinar will be led by Sandra Swab, a grants consultant with years of grants experience while serving with the Office of Management and Budget and the Recovery Accountability and Transparency Board. She is a member of the Association Government Accountants and the National Grants Partnership, and serves on Thompson’s Grants Editorial Advisory Board.

This webinar should be extremely interesting and helpful for all attendees. It’s not too late to reserve your spot for it. In addition, Thompson will host a webinar entitled “Indirect Costs and the OMB Uniform Grants Reform Guidance: What to Expect,” on Nov. 12 at 1 p.m. Eastern Time. Go to ThompsonInteractive.com to find out more.

 

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