Upload
ralph-harry-pitts
View
216
Download
0
Tags:
Embed Size (px)
Citation preview
Presented by Michael Brustein, Esq.
[email protected] L. Graham, [email protected]
Brustein & Manasevit, PLLCFall Forum 2013
Anatomy of EDGAR
Administrative RulesSEAs/LEAs – Part 80Postsecondary – Part 74Nonprofits – Part 74State-Administered Programs – Part 76Direct Grant – Part 75Enforcement – Part 81FERPA – Part 99
2
Cost Principles
SEAs/LEAs – A-87 Postsecondary Institutions – A-21 Nonprofits – A-122
3
Audit Principles
SEAs/LEAs – A-133 Postsecondary Institutions – A-133 Nonprofits – A-133
4
Roadmap
1. Standards for Financial Management
2. How to Determine if a Cost is Allowable
3. Cash Management Controls and Obligations
4. Asset Controls
5. Procurement Controls
6. Selected Cost Items
7. Audits and Enforcement5
Roadmap of EDGAR and OMB Circulars
Standards for Financial Management Systems
80.20(b) (p. 112) 74.21(b) (p. 9)
Allowable Costs 80.22 (p. 114) 74.27 (p. 15)
Basic Guidelines A-87 (p. 227-228) A-21 (p. 174)
Composition of Cost A-87 (p. 228); A-21 (p. 174)
6
Roadmap of EDGAR and OMB Circulars Period of Availability of Funds
80.23 (p. 114) 74.28 (p. 15)
When Obligations are Made 76.707 (p. 91)
When Subgrantees May Begin to Obligate Funds
76.708 (p. 91)
7
Roadmap of EDGAR and OMB Circulars Equipment
80.32 (p. 119) 74.34 (p. 16)
Procurement 80.36 (p. 121) 74.40 (p. 19)
Retention and Access Requirements for Records
80.42 (p. 130) 74.53 (p. 25)
8
Roadmap of EDGAR and OMB Circulars Records Related to Grant Funds
76.730 (p. 93) Monitoring and Reporting Program
Performance 80.40 (p. 128) 74.51 (p. 23)
Enforcement 80.43 (p. 131) 74.62 (p. 26)
Disapproval of Application – Hearing 76.401 (p. 78)
9
Selected Items of Cost Appendix B to A-87 (p. 229)
+ Advertising (p. 230) (outreach) + Personnel Costs (p. 231) + Meetings (p. 241) + Travel (p. 244)
Appendix J to A-21 (p. 190)
+ Advertising (p. 190) (outreach) + Personnel Costs (p. 191) + Meetings (p. 205) + Travel (p. 210)
Roadmap of EDGAR and OMB Circulars
10
Roadmap of EDGAR and OMB Circulars A-133 – Single Audits
+ 210 (p. 294) – Subrecipient and Vendor Determinations
+ 200 (p. 293) – Audit Requirements + 320 (p. 299) – Report Submission + 400(d) (p. 303) – Pass Through
81.32 (p. 140) – Proportionality Appendix to Part 81 (p. 145) – Illustrations of
Proportionality 81.33 (p. 141) – Mitigating Circumstances
11
12
Disclaimer
This presentation is intended solely to 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.
13