It’s about Time: Pre-award Costs, Tydings, Liquidation, Extensions, and More
With unprecedented amounts of new, federal funding in response to the pandemic, grantees are under pressure to spend quickly, but also wisely. This session will discuss issues related to timely spending. What does it mean to obligate the funds? Can we transfer prior costs to federal funding sources? How long can we stretch programs / services past the period end date? When must obligations be liquidated? Can we extend our period of performance?
Who Will Benefit?
This virtual training is of value to all federal granting agencies, federal grant recipients, and everyone who works with federal grants, including:
- Grant and program administrators
- Grant program staff
- State, district and school personnel
- Program monitors
What Will You Learn?
Attendees will learn:
- Which written policies and procedures are required by the federal rules
- Best practices for reviewing and revising policies and procedures
- Relationship between timeliness and allowability
- Important definitions, such as obligation, liquidation, budget period, period of performance, carryover period, and no cost extension
- Considerations in charging pre-award costs to grants
- Discussion of frequently asked questions
Brustein & Manasevit, PLLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education (CPE) on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.learningmarket.org.