Virtual GMBoK Training | September 1-2, 2026-Training Slides

Pdf Summary

This training deck provides a comprehensive overview of federal grants management under the Uniform Guidance (2 CFR Part 200). It begins with administrative details about polling questions, CPE certificates, and NGMA’s training policies, then introduces key grants terminology and the overall structure of the GMBoK.<br /><br />The main content explains the legal and regulatory framework governing federal financial assistance, including the Constitution, statutes, regulations, executive orders, OMB policies, agency guidance, and award terms. It outlines the federal budget process, the difference between authorizing and appropriations legislation, and the role of federal regulations, including the Uniform Guidance and agency-specific codified rules.<br /><br />The course then walks through the federal grants lifecycle: pre-award, award, post-award, cost principles, internal controls, monitoring, closeout, and audit requirements. It describes grant types, eligibility, notice of funding opportunities, risk assessment, specific conditions, award contents, cash management, and the distinction between subawards and contracts. Post-award sections cover financial management standards, procurement requirements, property and inventory management, allowable costs, program income, indirect costs, and selected items of cost such as travel, compensation, conferences, and training.<br /><br />A major emphasis is placed on internal controls and risk management, including Green Book and COSO frameworks, fraud/waste/abuse prevention, the False Claims Act, and enterprise risk management. The monitoring chapter explains how federal agencies and pass-through entities oversee recipients and subrecipients through desk reviews, site visits, corrective action plans, and enforcement remedies.<br /><br />The closeout section details reporting, property disposition, final financial reconciliation, and continuing post-closeout responsibilities. Finally, the audit chapter summarizes Single Audit requirements, cognizant and oversight agencies, audit preparation, SEFA reporting, major program determination, required findings, corrective action plans, and management decisions.<br /><br />Overall, the deck is a detailed guide to managing federal awards responsibly, compliantly, and effectively.

Asset Subtitle

(Available for download until November 2, 2026)

Keywords

federal grants management

Uniform Guidance

2 CFR Part 200

grant lifecycle

internal controls

Single Audit

allowable costs

cash management

monitoring and compliance

award closeout