One of the biggest areas of risks for federal grantees is time and effort reporting. Tracking and reporting on just a single hour of staff time applied directly to a grant may be easy; however, perfect time and effort budgeting, recordkeeping, and reporting across an entire entity throughout the year is not. Under our “Uniform Guidance” (2 CFR 200), developing an appropriate and comprehensive personnel activity documentation system is critical to grants management and compliance. This is especially true if you have multiple funding streams, such as several other grants or other sources of revenue.
Lack of sufficient time and effort systems, documentation policies, and reporting are common inspection and audit findings and are fodder for federal grant watchdogs. Understanding the differences between types of time and effort certifications, different cost objectives, and documentation reporting standards are just a few of the key compliance requirements. When an entity does not understand or comply with these standards, especially over multiple reporting periods, they’re more likely to end up with significant cost disallowances.
Please join Rex Porter as he provides clear and practical explanations of time and effort reporting responsibilities to help improve your compliance with these federal requirements.
What You'll Learn
Just a sampling of what this webinar will cover:
- Uniform Guidance's (2 CFR 200) requirements for time and effort reporting
- Key issues and risks surrounding inaccurate activity reporting
- Recurring time and effort budgeting and spending issues
- Key documentation milestones and best practices during the life of a grant
- Common timesheet problems and related strong internal controls
- What the Office of Inspector General (IG) and your single audit act annual grant auditor are looking for
Your Conference Leader
Your conference leader for “Time and Effort Under the Uniform Guidance: Requirements, Risks and Remedies” is Rex L. Porter. Rex is the principal and founder of Porter Group LLC, a premier national federal grant funding and compliance consultant service that serves nonprofits across the country. During his 25-year career in federal grants management Rex has served as a federal grants official, grant funded organization executive director and local government project manager. These experiences prepared him for his role as a sought after federal grants compliance expert. His current practice supports nonprofits and local governments stay compliant with the ever changing and complex world of federal grant rules – especially 2 CFR 200.
Rex is a retired Air Force officer who worked extensively with federal funded grants and contracts. His degrees include a master of business administration, master of science in systems management and he is certificated in nonprofit management and holds federal certificates in program and contract management. Through his Porter Group LLC consulting firm, Rex annually helps dozens of nonprofits and local government officials by conducting compliance risk assessments, building better internal controls for grants compliance and creating and delivering unique and compelling training materials.
An avid hiker, Rex and his wife enjoy the environment and scenery around their Scottsdale, Arizona home and he considers traveling and spending time with family his two favorite hobbies. He enjoys giving back to his community. On any given night Rex might be found doing pro bono searches for grant funds or helping a local nonprofit improve their grant practices.