In-Depth Review of OMB Circulars

May 10-12, 2011  |  Indianapolis, IN  |  888.876.4992

 Why Attend

Financial management and compliance are the two most important areas facing federally funded programs. It is important that agencies be in compliance with federal administrative requirements and cost principles. This requires an organization to be committed to understanding the regulations and the importance of being in compliance with them. Organizations out of compliance risk losing their grants, having grant funding reduced, or the potential for having to repay disallowed costs.

At this training, Janet S. Johnson, Denes L. Tobie, and John Hemming will provide you with an in-depth training relating to financial management and administration, and practical ways to apply the most current information to your program operations. Wipfli’s nonprofit experts have been presenting the highest quality of training for more than 40 years. Participants declare Wipfli training “empowering”, “outstanding,” “meaningful,” “invaluable” and “relevant.” 

Trainers

Janet S. Johnson, CPA
Senior Manager, Nonprofit and Government Practice
Wipfli LLP

Denes L. Tobie, CPA
Partner, Nonprofit and Government Practice
Wipfli LLP

John Hemming, CPA
Partner, Nonprofit and Government Practice
Wipfli LLP

Training Seminar Outline

Day 1: Administrative Requirements

After an introduction and discussion of the laws and regulations, there will be a discussion of the administrative requirements (OMB Circular A-110, 45 CFR Part 74, and the Common Rule, 45 CFR Part 92). We’ll review all of the administrative requirements (how a program operates), and focus on these key areas:

• Standards for financial management systems and internal controls
• Procurement
• Property and equipment
• Program income
• Budget revisions

This includes applicable requirements from the HHS Grants Policy Statement Manual.

Day 1: Optional Evening Q&A

Here’s your opportunity to talk with Wipfli’s experts and get answers to your specific questions in a casual setting.

CPE credits for day one: 7.5 credits*

Day 2 Morning: Cost Principles 

The cost principles cover the costs that a grant-funded program can charge to federal grant awards. General principles, allowable costs, unallowable costs, and costs that require prior approval will be discussed. We’ll also discuss all changes (A-122 for NPOs and A-87 for units of government). This session will also include a discussion of various allowable costs issued from the HHS grants Policy Statement manual.

Day 2 Afternoon: Cost Allocation 

Costs incurred by an organization in connection with programs are eligible charges against grants and contracts. Whether these costs are incurred by the program itself, or another program that provides supportive services to the program, they are allowable if the costs are necessary for the efficient conduct of the grant or contract. This session will focus on direct and indirect cost allocation. We’ll discuss and clarify policies that apply to funds that are used in collaboration with other funding sources. Cost allocation plans should be simple and straightforward, and we’ll give you some suggestions for ways to accomplish this.  We’ll also suggest ways to allocate your costs to help your agency run efficiently and effectively.

Day 3 OMB Circular A-133 Audits and In-Depth Review of the Compliance Supplement 

The OMB Circular A-133 Compliance Supplement is the driver to all audits for grant funded programs. It provides the auditor with specific steps to follow while auditing the compliance section. This session will explain the supplement, audit approach and touch on many of the programs provided by grant-funded agencies. This is a must attend for fiscal officers and program managers alike.

In addition, it provides guidance for testing internal controls as they relate to the programs being tested, which is new in this supplement. This webinar will review the highlights of the 2010 supplement and what it means to June 30, 2010 audits and beyond. We will also touch on the 2011 proposed supplement and changes it may contain.

CPE credits for day three: 5.0 credits*

• Register

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Daily Schedule

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Registration Fee

• Register by April 29 for these Early Bird Rates:
  •    $745 per Person – 1 to 4 participants from the same organization
  •    $695 per person – 5 or more participants from the same organization
• Register after April 29 and pay $795 per participant

Note:  If interested in attending the two days of OMB Circulars only, please call 888.876.4992.

GFP Internet Service Subscribers automatically receive an additional $25 discount per person!

Registration fees include:

• Up to 20 hours of training in accordance with the standards of the National Registry of CPE Sponsors. CPE credits are granted based on a 50-minute hour
• Comprehensive training manual
• Refreshment breaks

Cancellation Policy:

Cancellations made after April 18, 2011 will be charged $100 per person cancellation fee. If you cancel, you may send a substitute from your organization or transfer your registration fee to a future seminar without penalty. Participants who register but neither attend or cancel are charged for their full registration fee. Call 888.876.4992 for questions about this policy.

Conference Location

Sheraton Indianapolis Hotel & Suites
8787 Keystone Crossing I Indianapolis, IN 46240

Room Rate: $91 per night for single/double
P: 1-888-627-7814
Group Name: Wipfli
Cut-off: April 18 at 5:00 p.m. (EST)

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*National Registry of CPE Sponsors: Wipfli LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Compliants regarding registered sponsors may be addressed to the national Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417or by visiting www.nasba.org.

Field of Study: Specialized Knowledge and Applications. Instructional Delivery: Group-Live. Course Level: Basic. Prerequisites: None. Advance Preparation: None. For more information regarding administrative policies, such as complaint, cancellation and refund policies, please contact our offices at 888.876.4992.

Register for this training