Managing Grant Acquired Property
Managing Grant Acquired Property:
Dec 12 2019 - 11:30am - Dec 12 2019 - 12:45pm
|Early - Dec 05||Regular - Dec 12|
Join consultant Bob Lloyd as he discusses managing grant acquired property.
Agencies that award USG grants and cooperative agreements are on a mission—to assure that recipients and subrecipients “establish and maintain effective internal control” over property acquired with the funds made available to them. The rules for use, management, reporting and disposal are complicated and they vary depending on what types of assets are involved—equipment, supplies, real estate, or intellectual property. But, across the board, a couple of things are certain. Compliance with the applicable requirements is readily auditable and findings of noncompliance almost always demonstrate deficiencies of internal control. So it’s small wonder that auditors spend time looking at what they consider low hanging fruit. With grant-acquired property so much in the cross hairs, it makes sense to gain a solid understanding of the applicable requirements and what your organization needs to do to safeguard these federally funded assets.
Robert M. Lloyd is a respected authority on federal policies affecting administration and audit of grants, cooperative agreements, and contracts. He has nearly 40 years of experience in federal award implementation. Since forming his consulting practice in 1982, Bob has served as a trainer, consultant or advisor to award and audit units in 16 different federal award-making agencies (including USAID) and to recipient and subrecipient organizations and their professional advisors located in all 50 states, the District of Columbia, several U.S. territories, and 18 foreign countries. His clients include numerous international NGOs and he has conducted scores of training workshops for InsideNGO, both in the US and overseas, since 1990.