On-Demand
2 CFR 200: Federal Grant Uniform Guidance
Federal Grant Uniform Guidance: Cost Rates, Audit Thresholds, and Procurement
Rex L. Porter
FormatSelf-Paced | On-Demand
Sessions1
Per session90 Minutes
CertificateIncluded
Understand how the Uniform Guidance under 2 CFR 200 affects federal grant administration, from managing grant funds and procurement to closing out awards and maintaining compliance. This training examines important regulatory updates and the steps organizations can take to review their policies, procedures, and internal controls.
Before You Start
What to Expect
Federal grant administration involves understanding applicable cost rules, managing procurement and closeout, and maintaining controls that support compliance. This training examines key provisions of 2 CFR 200 and the implications for grant-related financial oversight and organizational procedures.
WHAT YOU'LL BUILD
Knowledge of Grant Rules and Thresholds
Review key figures and provisions addressed in the training.
- De minimis rate increase from 10% to 15%
- Single Audit threshold increase from $750,000 to $1,000,000
- Equipment threshold increase from $5,000 to $10,000
- Procurement standards and related provisions
WHAT YOU'LL ELIMINATE
Gaps in Compliance and Closeout Planning
Recognize areas that warrant attention when administering federal awards.
- Uncertainty about closeout costs
- Overlooked compliance and audit risks
- Gaps in understanding procurement provisions
- Uncertainty about grant-related policies and procedures that may need review
WHAT YOU'LL GAIN
Direction for Reviewing Internal Controls
Connect federal grant provisions to organizational oversight and reporting.
- Review the COSO internal control steps discussed in the training
- Identify departments that may be affected by policy and procedure updates
- Understand related topics involving data systems, evaluation costs, performance reporting, and labor-related reporting
- Recognize federal agency practices involving community consultation, plain language, and accessibility in funding announcements
Outcomes
What You'll Walk Away With
- Identify the rate and threshold changes covered in the training, including the de minimis rate, Single Audit threshold, and equipment threshold.
- Recognize procurement and closeout considerations, compliance and audit risks, and organizational policies, procedures, and internal controls that may require review.
- Recognize how data systems and evaluation costs relate to performance reporting.
What We'll Cover
Course Outline
2 CFR 200 Major Update: Federal Grant Uniform Guidance
- Rates and thresholds: De minimis rate from 10% to 15%; Single Audit threshold from $750,000 to $1,000,000; equipment threshold from $5,000 to $10,000.
- Procurement: Procurement provisions, contractor labor standards, labor agreements, and hiring preferences.
- Related grant topics: Data systems, evaluation costs, performance reporting, labor-related reporting, and federal agency funding announcement practices involving community consultation, plain language, and accessibility.
- Closeout and risk: Closeout costs, compliance considerations, and audit risks.
- Policies and internal controls: COSO steps, policy and procedure updates, and affected departments.
Meet the Expert
Rex L. Porter
Rex is principal and founder of Porter Group LLC, a premier national federal grant funding and compliance consulting service, bringing a 25-year career in federal grants management to the work. He has served as a federal grants official, grant-funded organization executive director, and local government project manager. His current practice supports nonprofits and local governments stay compliant with the complex world of federal grant rules. Rex is a retired Air Force officer, and earned an MBA, a MS in Systems Management, and Certificates in Nonprofit Management, and Program and Contract Management.
Who Should Attend?
Training Includes
The 2 CFR 200: Federal Grant Uniform Guidance course includes the following:
Two Year Course Access
Access your course through your customer dashboard
- Course access for 2 full years
- All live sessions include access to the on-demand recording post live session
Class Experience
Live sessions are small and focused to support questions and discussion. Self-paced on-demand courses allow you to move through the material on your own schedule.
Resources
Downloadable course materials to support learning
Attendance Certificate
All sessions include an Attendance Certificate
