EDGAR and OMB Circular Tutorial forSEAs and LEAsBonnie Little Grahambgraham@bruman.comBrustein & Manasevit, PLLCwww.bruman.comSpring Forum 2013

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Key Questions

1. What is the significance of EDGAR?2. Which OMB Circulars apply?3. What is the relationship to program regulations?4. What legal authorities do you rely on?

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Anatomy of EDGAR• Administrative Rules

SEAs/LEAs – Part 80Postsecondary – Part 74Nonprofits – Part 74State-Administered Programs – Part 76Direct Grants – Part 75Enforcement – Part 81Lobbying – Part 82Debarment/Suspension – Part 85FERPA – Part 99

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Cost Principles

• SEAs/LEAs – A-87• Postsecondary Institutions – A-21• Nonprofits – A-122

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Audit Principles

• SEAs/LEAs – A-133• Postsecondary Institutions – A-133• Nonprofits – A-133

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Roadmap

• Standards for Financial Management• How to Determine if a Cost is Allowable• Cash Management Controls and Obligations• Asset Controls• Procurement Controls• Selected Cost Items• Audits and Enforcement

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Roadmap of EDGAR and OMB Circulars Standards for Financial Management Systems

80.20(b) (p. 2) Allowable Costs

80.22 (p. 3) Basic Guidelines

A-87(p. 4-6)

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Roadmap of EDGAR and OMB Circulars Period of Availability of Funds

80.23 (p. 8) When Obligations are Made

76.707 (p. 9) When Certain Subgrantees May Begin to Obligate Funds

76.708 (p. 10) Obligations Made During Carryover Period

76.710 (p. 11)

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Roadmap of EDGAR and OMB Circulars Equipment

80.32 (p. 12) Procurement

80.36 (p. 14) Retention and Access Requirements for Records

80.42 (p. 22)

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Roadmap of EDGAR and OMB Circulars Records Related to Grant Funds

76.730 (p. 23) Monitoring and Reporting Program Performance

80.40 (p. 24) Enforcement

80.43 (p. 25)

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Roadmap of EDGAR and OMB Circulars Selected Items of Cost

Appendix B to A-87 (p. 26) Travel (p. 28) Advertising (p. 28) (outreach) Personnel Costs (p. 33) Meetings (p. 36)

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Roadmap of EDGAR and OMB Circulars

A-133 Single Audits _210 (p. 39) – Subrecipient and Vendor Determinations

Mitigating Circumstances 81.33 (p. 135)

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Questions?

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Disclaimer

This presentation is intended to solely provide general information and does not constitute legal advice. Attendance at the presentation or later review of these printed materials 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.

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