EDGAR and OMB Circular Tutorial for SEAs and LEAs
description
Transcript of EDGAR and OMB Circular Tutorial for SEAs and LEAs
EDGAR and OMB Circular Tutorial forSEAs and LEAsBonnie Little [email protected] & Manasevit, PLLCwww.bruman.comSpring Forum 2013
Brus
tein
& M
anas
evit,
PLL
C
1
Key Questions
1. What is the significance of EDGAR?2. Which OMB Circulars apply?3. What is the relationship to program regulations?4. What legal authorities do you rely on?
Brus
tein
& M
anas
evit,
PLL
C
2
Anatomy of EDGAR• Administrative Rules
SEAs/LEAs – Part 80Postsecondary – Part 74Nonprofits – Part 74State-Administered Programs – Part 76Direct Grants – Part 75Enforcement – Part 81Lobbying – Part 82Debarment/Suspension – Part 85FERPA – Part 99
Brus
tein
& M
anas
evit,
PLL
C
3
Cost Principles
• SEAs/LEAs – A-87• Postsecondary Institutions – A-21• Nonprofits – A-122
Brus
tein
& M
anas
evit,
PLL
C
4
Audit Principles
• SEAs/LEAs – A-133• Postsecondary Institutions – A-133• Nonprofits – A-133
Brus
tein
& M
anas
evit,
PLL
C
5
Roadmap
• Standards for Financial Management• How to Determine if a Cost is Allowable• Cash Management Controls and Obligations• Asset Controls• Procurement Controls• Selected Cost Items• Audits and Enforcement
Brus
tein
& M
anas
evit,
PLL
C
6
Roadmap of EDGAR and OMB Circulars Standards for Financial Management Systems
80.20(b) (p. 2) Allowable Costs
80.22 (p. 3) Basic Guidelines
A-87(p. 4-6)
Brus
tein
& M
anas
evit,
PLL
C
7
Roadmap of EDGAR and OMB Circulars Period of Availability of Funds
80.23 (p. 8) When Obligations are Made
76.707 (p. 9) When Certain Subgrantees May Begin to Obligate Funds
76.708 (p. 10) Obligations Made During Carryover Period
76.710 (p. 11)
Brus
tein
& M
anas
evit,
PLL
C
8
Roadmap of EDGAR and OMB Circulars Equipment
80.32 (p. 12) Procurement
80.36 (p. 14) Retention and Access Requirements for Records
80.42 (p. 22)
Brus
tein
& M
anas
evit,
PLL
C
9
Roadmap of EDGAR and OMB Circulars Records Related to Grant Funds
76.730 (p. 23) Monitoring and Reporting Program Performance
80.40 (p. 24) Enforcement
80.43 (p. 25)
Brus
tein
& M
anas
evit,
PLL
C
10
Roadmap of EDGAR and OMB Circulars Selected Items of Cost
Appendix B to A-87 (p. 26) Travel (p. 28) Advertising (p. 28) (outreach) Personnel Costs (p. 33) Meetings (p. 36)
Brus
tein
& M
anas
evit,
PLL
C
11
Roadmap of EDGAR and OMB Circulars
A-133 Single Audits _210 (p. 39) – Subrecipient and Vendor Determinations
Mitigating Circumstances 81.33 (p. 135)
Brus
tein
& M
anas
evit,
PLL
C
12
Questions?
Brus
tein
& M
anas
evit,
PLL
C
13
Disclaimer
This presentation is intended to solely provide general information and does not constitute legal advice. Attendance at the presentation or later review of these printed materials does not create an attorney client relationship with Brustein & Manasevit, PLLC. You should not take any action based upon any information in this presentation without first consulting legal counsel familiar with your particular circumstances.
Brus
tein
& M
anas
evit,
PLL
C
14