SeCTer invites you to attend a webinar entitled “How to Meet Matching & Cost Sharing on Your Federal Grant” at our office in Groton on Thursday, February 21, 2019 from 2-3:30 pm. The webinar will be presented live by Bob Lloyd, who literally wrote a few books on the subject of federal grants. There is no charge for you to attend and you are welcome (and encouraged!) to bring a colleague. Please RSVP to Melinda Wilson by Tuesday, February 12th.
How to Meet Matching and Cost Sharing on Your Federal Grant
Webinar • Thursday, February 21, 2019 • 2:00-3:30 p.m. ET
“We’ll help you if you help yourself.” The sentiment is simple, and as old as philanthropy. One way that it manifests itself these days is in the form of federal requirements for recipients (and possibly subrecipients) to provide a non-federal share of the resources needed to carry out a federal grant program or project.
Requirements that limit federal participation in the total cost of a federal award mean that awardees have to find and use non-federal resources that meet a variety of underlying conditions. Failure to do so, can have what auditors call a “direct and material effect” on how much federal money you’ll get to keep when your grant or subgrant is settled up.
Understanding how to handle your non-federal share is a critical element of grants management success. This webinar will help you gain the knowledge you need about matching and cost sharing in general and update you on the specific policy changes in the Office of Management and Budget’s so-called “Super Circular” (2 CFR 200).
Webinar attendees will get answers to these — and many other — questions:
- Matching or cost sharing: What’s the difference?
- “Hard match” vs. “soft match”; “cash” vs. “in-kind” — What do the terms really mean?
- When does “leveraging” enter the picture?
- What conditions have to be met so that non-federal resources are acceptable?
- Which management policies apply to use of the non-federal share? Which ones don’t apply?
- What are the standards for documenting matching or cost sharing?
- What tools can we use to value third party in-kind contributions?
- How do requirements for “maintenance of effort” or “earmarking” affect the non-federal share?
- What are the consequences if you mess up?
- Can a shortfall be fixed and, if so, how?
Join Bob Lloyd, principal of Federal Fund Management Advisor™, for this timely, in-depth briefing.
Who Should Attend?
- Grant and contract managers
- Sponsored projects administrators
- Finance directors
- Accounting staff
- Program managers
- Principal investigators
- Internal auditors
- External auditors
If your municipality has any other questions about federal or state grants, contact me at your convenience. SeCTer provides grant writing assistance to our member municipalities, including data preparation, to help you support your grant requests.
Remember, please RSVP to Melinda Wilson by 2/12 to save your spot. Thank you!
Community Investment Manager
Southeastern Connecticut Enterprise Region
19 B Thames Street
Groton CT 06340
(860) 437-4659 X 207