Uniform Administrative Requirements 2014 YouthBuild Webinar Series Topics of the session: Definition and Sources Standards of financial management Training and resources It is critical that you know all of the applicable requirements of your program. You play an important role in ensuring those grants dollars are well spent. WIA Statute WIA Regulations 20 CFR 662 et. al. Uniform Administrative Requirements 29 CFR Part 95 and 97 OMB Circulars 2 CFR Part CFR Part CFR Part 215 These are only a portion of the regulatory documents available. The Uniform Administrative Requirements were written to bring uniformity to the management of federal awards. Uniform Standards Standards of Financial Management Policies and Procedures Financial reporting Accounting records Internal Controls Budget Controls Allowable cost Source Documentation Cash Management Uniform Standards Payments Advances Reimbursement Allowable Costs More in detail under OMB Cost principles Period of Availability of funds No new expenditures after period of performance has ended Matching or cost sharing Match only if required by program Share cost must be documented via Cost Allocation plan Uniform Standards Program Income Must be used before grant funds Non-Federal Audit Required A-133 audit Changes Programmatic Changes Budget realignments Real Property Only applicable to States Federal Equity Uniform Standards Equipment Federal Threshold is $5,000 Equipment Management System Inventory with required elements Management and Dispositions procedures Supplies Copyrights Federal government has the rights to reproduce anything developed Subawards to debarred and suspended parities Uniform Standards Procurement Strong procurement polices and procedures Full and open competition Four Methods of procurement Competitive Sealed bids Sole Source Small purchases Uniform Standards Subgrants Monitoring and Reporting Financial Reporting Retention and Access to records Enforcement Termination for convenience Closeout Disallowances and adjustments Collections Training and Resources Check out GPO website for regulations! 13 Review the online tutorials available at: etareporting.workforce3one.org Review key guidance documents One-Stop Training Assistance Guide Part IITAG_PartII_July2011.pdf Share information with others supporting the grant Questions