What Happens to Federal Grants & Contracts During a Lapse in Funding due to a Government Shut-Down

Course Description

Archive : What Happens to Federal Grants & Contracts During a Lapse in Funding due to a Government Shut-Down Digital Download
Salepage : What Happens to Federal Grants & Contracts During a Lapse in Funding due to a Government Shut-Down
Delivery : Online With Any Device

As you listen to current news, there are constant threats to shut-down the Federal government.   This session addresses specifically what happens to either grants or contracts during a lapse in funding.   What you need to know.

Basic Course Information

Learning Objectives

• Providing the internal OMB Memo on shut-downs
• Understanding the implications of the Anti-Deficiency Act
• Reviewing the FAQs from the OMB memo that specifically addresses shut-down issues specific to Federal contracts and grants

Major Subjects

• 8 FAQs providing specific scenarios for contractors and grantees
• What is the Anti-Deficiency Act
• What is a “”necessary implied requirement”” for essential services and how that impacts contracts and grants

Principal, Outsourced Accounting & Advisory Services

Gelman, Rosenberg & Freedman

Mr. Calabrese has hands-on experience with the Uniform Guidance for Federal grants recipients: nonprofits, universities, hospitals, and state/local/tribal units of governments. His skill-set involves: grant cost accounting, sub-recipient monitoring, preparation of over (100) indirect rates / NICRA for several Federal agencies, developed policies and procedures, medical management systems invoicing to state Medicaid agencies and toolkit for unit cost rates for Ryan White HIV AIDS HRSA awards. Paul has developed grant and financial statement dashboards. He has performed out-sourced CFO duties, annual budgets, cash flow projections, grant draws and budget monitoring.