Western Grants Forum: OMB Super Circular Training and Cost Principles Deep Dive

Learn how to better manage your Federal grants and subawards during the 2018 Western Grants Forum: Super Circular Training & Cost Principles Deep Dive.  The Uniform Grants Guidance (a.k.a. the Omnicircular or Super Circular) has detailed rules, including cost principles, that govern how grant funds are to be managed and spent.  Failure to follow the Super Circular's requirements can lead to enforcement actions, ranging from disallowances and repayment of funds to loss of funding.  Grant-funded organizations need to understand and adhere to the Super Circular's applicable requirements. 

By attending the Western Grants Forum 2018 in Seattle on April 5-6, you will learn what you need to know about the Super Circular to comply with current grants requirements.  You will learn about the administrative requirements, audit standards, cost principles, and procurement rules, and how they relate to one another.  During this special edition of the Western Grants Forum, you will also take a "Cost Principles Deep Dive," to learn more about direct, indirect, and specific costs.

Topics

During this special, two-day training, you will go beyond the Super Circular's basic requirements to learn more about managing your Federal grants and subawards. The topics that you will explore include the following:

• Administrative requirements under the Super Circular;
  
• Unified cost principles under the Uniform Grants Guidance (Super Circular) and issues encountered in navigating the revised cost principles;
• General rules for allowability;
• Meanings of reasonableness, necessity, and allocability;
• Direct and indirect cost fundamentals and negotiation of indirect cost rates;
• Changes affecting indirect costs (including the de minimis indirect cost rate, requirements for subawards, and extension of current rates);
• Procurement rules and the relationship with the cost principles;
• Recovery of facilities costs;
• Equipment and other capital expenditures;
• Limitations on allowability of specific items of cost;
• Time and effort reporting requirements;
• Fringe benefits and employee welfare costs (including "employee morale");
• Treatment of travel-related costs;
• Cost of insurance, losses, and claims;
• Allowability of training, conferences, and similar costs;
• Prior written approval requirements;
• Exceptions to the Uniform Grants Guidance's cost principles;
• Effects of recent developments in grants management;
• Audits under the Uniform Grants Guidance;
• Fighting fraud, waste, and abuse; and,
• Answers to frequently asked questions about the cost principles.
  

In addition to receiving the detailed information necessary to understand the Uniform Grants Guidance's requirements, you will also have multiple opportunities throughout both days to ask and get answers to your individual questions about indirect, direct, and specific costs, as well as the Super Circular in general.