EDGAR OVERVIEW Michael L. Brustein, Esq.

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Presentation transcript:

EDGAR OVERVIEW Michael L. Brustein, Esq. mbrustein@bruman.com Pass-through monitoring Procurement Financial Management Definitions Property Standards Period of Performance Cost Principles Record Retention Michael L. Brustein, Esq. mbrustein@bruman.com Brustein & Manasevit, PLLC Spring Forum 2016

Brustein & Manasevit, PLLC © 2016. All rights reserved. EDGAR 101 What is EDGAR? Why were these regs codified? How do they impact programs? When were they issued? Brustein & Manasevit, PLLC © 2016. All rights reserved.

Brustein & Manasevit, PLLC © 2016. All rights reserved. KEY PARTS Part 75: Direct grants Part 76: State-Administered (ESEA, IDEA, AEFLA, CTE) Part 81: Enforcement 2 CFR Part 200 - UGG (Replaced Parts 74 + 80) Brustein & Manasevit, PLLC © 2016. All rights reserved.

Brustein & Manasevit, PLLC © 2016. All rights reserved. DEVELOPMENT OF UGG President’s Executive Order 2011 Notice of Intent 2012 NPRM – Feb. 2013 UGG – Dec. 2013 Agency Review – June 26, 2014 OMB Issuance – Dec. 26, 2014 Brustein & Manasevit, PLLC © 2016. All rights reserved.

POST UGG ED INTERPRETATIONS Pass through risk assessment Deferral on performance measures Retain Time/Effort certifications Audit findings below $25,000 Brustein & Manasevit, PLLC © 2016. All rights reserved.

Brustein & Manasevit, PLLC © 2016. All rights reserved. ROADMAP OF THE UGG Subpart A- Definitions Subpart B- General Provisions Subpart C- Pre-Award Subpart D- Post Award Subpart E- Cost Principles Subpart F- Audit Requirements Brustein & Manasevit, PLLC © 2016. All rights reserved.

Brustein & Manasevit, PLLC © 2016. All rights reserved. KEY DEFINITIONS 200.20 - Computing Devices 200.21 – Compliance Supplement 200.28 – Cost Objective 200.61 – Internal Controls 200.67 - Micro-Purchase 200.69 – Non Federal Entity 200.74 – Pass Through Brustein & Manasevit, PLLC © 2016. All rights reserved.

Brustein & Manasevit, PLLC © 2016. All rights reserved. GENERAL PROVISIONS 200.112 – Conflicts 200.113 – Mandatory Disclosures Brustein & Manasevit, PLLC © 2016. All rights reserved.

Brustein & Manasevit, PLLC © 2016. All rights reserved. POST AWARD - FINANCIAL 200.302 – Financial Management 200.328 – Reporting Program Performance 200.305 - Payment 200.309 – Period of Performance 34 CFR 76.707- Determining Obligations 200.307 – Program Income Brustein & Manasevit, PLLC © 2016. All rights reserved.

Brustein & Manasevit, PLLC © 2016. All rights reserved. POST AWARD - PROPERTY 200.313 – Equipment 200.314 – Supplies Brustein & Manasevit, PLLC © 2016. All rights reserved.

POST AWARD-PROCUREMENT 200.318 – General Procurement Standards 200.319 – Competition 200.320 – Methods of Procurement Brustein & Manasevit, PLLC © 2016. All rights reserved.

SUBRECIPIENT MONITORING 200.330 – Subrecipient/Contractor Determination 200.331 – Reqs. for Pass-Throughs Brustein & Manasevit, PLLC © 2016. All rights reserved.

Brustein & Manasevit, PLLC © 2016. All rights reserved. RECORD RETENTION 200.333 – Retention Reqs. 200.335 – Methods for Collection Brustein & Manasevit, PLLC © 2016. All rights reserved.

Brustein & Manasevit, PLLC © 2016. All rights reserved. COST PRINCIPLES 200.403 – Factors affecting allowability 200.412 – Classification of Costs 200.413 – Direct Costs 200.414 – Indirect Costs 200.415 – Required Certifications Brustein & Manasevit, PLLC © 2016. All rights reserved.

Brustein & Manasevit, PLLC © 2016. All rights reserved. SELECTED ITEMS OF COST 200.432 – Conferences 200.474 – Travel 200.430 – Compensation Brustein & Manasevit, PLLC © 2016. All rights reserved.

Brustein & Manasevit, PLLC © 2016. All rights reserved. QUESTIONS? Brustein & Manasevit, PLLC © 2016. All rights reserved.

Brustein & Manasevit, PLLC © 2016. All rights reserved. LEGAL DISCLAIMER This presentation is intended solely to provide general information and does not constitute legal advice or a legal service. This presentation does not create a client-lawyer relationship with Brustein & Manasevit, PLLC and, therefore, carries none of the protections under the D.C. Rules of Professional Conduct. Attendance at this presentation, a later review of any printed or electronic materials, or any follow-up questions or communications arising out of this presentation with any attorney at Brustein & Manasevit, PLLC 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. Brustein & Manasevit, PLLC © 2016. All rights reserved.