Virtual GMBoK Training | May 2026-Training Slides

Training Slides

Pdf Summary

This training deck provides a broad overview of federal grants management under the Uniform Guidance (2 CFR Part 200). It explains the legal and regulatory hierarchy governing grants, including the Constitution, statutes, regulations, executive orders, OMB policies, agency guidance, and award terms. It distinguishes grants and cooperative agreements from contracts, and describes the roles of recipients, subrecipients, and pass-through entities.<br /><br />The slides walk through the full grants lifecycle: pre-award, award, post-award, closeout, and audit. In pre-award, agencies issue Notices of Funding Opportunity (NOFOs), assess applicant eligibility, review financial integrity and risk, and may impose specific conditions. Award documentation must include required data such as the recipient name, UEI, award number, period of performance, budget, and indirect cost rate. Post-award guidance covers financial management, procurement, property management, internal controls, allowable costs, payment methods, and budget revisions.<br /><br />A major focus is compliance with cost principles: costs must be necessary, reasonable, allocable, consistently treated, documented, and incurred within the approved period. The deck also explains direct versus indirect costs, program income, matching/cost sharing, salary documentation, travel, participant support costs, and selected items of cost.<br /><br />Another key theme is internal control and monitoring. Recipients and pass-through entities must maintain effective controls, conduct monitoring, and address fraud, waste, abuse, and noncompliance through corrective action plans and cooperative audit resolution. The slides also summarize closeout requirements, including final reports, liquidation of obligations, property disposition, and record retention.<br /><br />Finally, the deck outlines Single Audit requirements under Subpart F, including audit thresholds, auditor responsibilities, SEFA preparation, major program selection, required findings, corrective action plans, and management decisions.

Keywords

Uniform Guidance

2 CFR Part 200

federal grants management

Notice of Funding Opportunity

award lifecycle

cost principles

internal controls

Single Audit

subrecipient monitoring

grant compliance