Gain a better understanding of the basics of the federal award management expectations defined in the Uniform Guidance, 2 CFR 200.
Many organizations are recipients of federally funded grants, grants made to accomplish public purposes that benefit society. When accepting grants we agree to manage those funds consistent with federal requirements. This topic will provide a high-level overview of the basics of the federal award management expectations defined in the Uniform Guidance, 2 CFR 200. As part of the topic you will receive a printable copy of 2 CFR 200 for reference. This information will benefit leadership professionals and officers responsible for organizational operations and compliance, individuals directly responsible for project management, and financial management and accounting staff responsible for award expenditure approval and financial reporting. Failing to understand and comply with federal award terms and conditions can have serious repercussions, which can include repayment of funds, the potential for civil and criminal penalties and treble damages. Understanding 2 CFR 200's award management requirements is critical to ensuring responsible management of organizational funds and the organization's reputation.
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Post Federal Award Requirements - Infrastructure
- Financial and Program Management Standards
- Property Standards
- Procurement Standards
- Performance and Financial Monitoring and Reporting
- Subrecipient Monitoring and Management
- Record Retention and Access
- Award Closeout
Cost Principles - Budgeting and Charging
- Basic Considerations
- Direct Costs
- Indirect Costs
- Selected Items of Cost
- Allowable
- Unallowables
- Prior Approval Requirement
Responsible Stewardship - Wrap up
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on October 28, 2019.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty

Kris Rhodes
About The Money
- Managing director, About The Money | ATM-Grants
- Practice emphasizes all aspects of federal award management, the establishment of internal controls, policies, procedures, compliance monitoring, risk mitigation, and training
- 30 plus years’ experience in university and nonprofit grant management
- Conducts regular seminars and workshops on grant management
- B.A. degree in public administration; M.S. degree in agriculture and statistics
- Can be contacted at 606-202-1026 or [email protected]
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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