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Are You Ready For This? The New Uniform Grant Guidance and Movements in Federal Spending Transparency

Are You Ready For This? The New Uniform Grant Guidance and Movements in Federal Spending Transparency. May 20, 2014. Increase in Federal Grants Activity. The Catalog of Federal Domestic Assistance lists over 2,000 Federal grant programs. $600B. $200B. $91B. $24B. $7B.

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Are You Ready For This? The New Uniform Grant Guidance and Movements in Federal Spending Transparency

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  1. Are You Ready For This? The New Uniform Grant Guidance and Movements in Federal Spending Transparency May 20, 2014

  2. Increase in Federal Grants Activity The Catalog of Federal Domestic Assistance lists over 2,000 Federal grant programs $600B $200B $91B $24B $7B

  3. Council On Financial Assistance Reform Priorities Spending Transparency Evidence Better Outcomes for Grants Financial Management Shared Services

  4. Guidance Reform History

  5. Diverse Range of Stakeholders Engaged

  6. December 2013: Final Uniform Guidance “A Whole New World: OMB Publishes New Grants Reform Guidance” “OMB Simplifies Government-wide Grant Guidance”

  7. Eliminating Duplicative and Conflicting Guidance Then: INSERT YOUR STATE OR AGENCY HERE Now: All OMB guidance streamlined in 2 CFR 200.

  8. 2 CFR 200 -Basic Layout • 6 Subparts A through F • Subpart A, 200.XX – Acronyms & Definitions • Subpart B, 200.1XX – General • Subpart C, 200.2XX – Pre Award • Subpart D, 200.3XX – Post Award • Subpart E, 200.4XX – Cost Principles • Subpart F, 200.5XX – Audit • 11 Appendices - I through XI

  9. Challenge & Impact

  10. Guidance Reform Future Summer 2014: FederalGrants 101 Course Published

  11. Guidance Metrics Metrics to gauge impact of guidance on reducing the risks of non-compliance and unnecessary administrative burden Possible General Metrics: • Number of OMB Approved Exceptions • Number of fixed amount awards issued • Number of IDC rate extensions approved by Cognizant Officials

  12. Guidance Metrics Possible Audit Metrics: • # of major programs before and after guidance effective • % of timely submissions of single audits • # of repeat findings • # of ‘unclean’ opinions for major programs • # of material audit findings in single audits

  13. Strong Program Oversight: Audit Resolution

  14. Strong Program Oversight: Audit Resolution

  15. Workforce Development

  16. Workforce Development

  17. Grants Workforce Competencies

  18. Federal Grants Workforce Training

  19. Grants Data Standardization

  20. Grants Data Standardization

  21. Federal Spending Transparency Now • USAspending.gov: View all types of federal award spending • Recovery.gov: View Recovery Act spending • Federal agencies validate the financial data, per OMB’s June 2013 Memo • Treasury Department is the program manager, per the FY14 Consolidated Appropriations Act

  22. The Path Forward on Transparency: FY14 and Beyond • FY 14: Upgrade look & feel of USAspending.gov - Beyond: DATA Legislation • Expansion of Data Posted on USAspending.gov • Establishment & Implementation of USAspending.gov Data Standards • Recommendations for Streamlined Recipient Reporting Burden • Establishment of a Data Analysis Center • Requirement to Report Non-Tax Debt

  23. Engage With COFAR For More Information Visit: CFO.gov/COFAR Send Questions To: COFAR@ omb.eop.gov Thank you!

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