What Happens to Federal Grants and Contracts During a Lapse in Funding due to a Government Shut-Down
Total Credits: 1 including 1 Accounting (Governmental) - Technical
- Average Rating:
- 60
- Categories:
- Accounting and Auditing | On Demand Pass | Yellow Book | Yellowbook
- Faculty:
- Paul H. Calabrese
- Course Levels:
- Basic
- Duration:
- 1 Hour
- License:
- Access for 90 day(s) after purchase.
Tags: ACPEN Produced On Demand
Description
As you listen to current news, there are constant threats to shut-down the Federal government. This session addresses specifically what happens to either grants or contracts during a lapse in funding. What you need to know.
Learning Objectives:
- Providing the internal OMB Memo on shut-downs
- Understanding the implications of the Anti-Deficiency Act
- Reviewing the FAQs from the OMB memo that specifically addresses shut-down issues specific to Federal contracts and grants
Major Subjects:
- 8 FAQs providing specific scenarios for contractors and grantees
- What is the Anti-Deficiency Act
- What is a "necessary implied requirement" for essential services and how that impacts contracts and grants
Course Materials
| Slides PDF (28.7 MB) | Available after Purchase | ||
Faculty
Paul H. Calabrese Related Seminars and Products
Principal
Gelman, Rosenberg & Freedman
As a Principal in the firm’s Outsourced Accounting & Advisory Services group, Mr. Calabrese brings a successful track record of working with both nonprofits and government contractors. His remarkable career includes positions with the Air Force Audit Agency, Defense Contract Audit Agency, 3 government contractors, addition to 20+ years in public accounting. Mr. Calabrese’s extensive experience with the Cost Accounting Standards (CAS) and CAS disclosure statements, Federal Acquisition Regulation.
Mr. Calabrese has hands-on experience with the Uniform Guidance for Federal grants which positions him as a sought-after resource and consultant with respect to: grant cost accounting, sub-recipient monitoring, preparation of over (100) indirect rates / NICRA for several Federal agencies, policies and procedures, medical management systems invoicing to state Medicaid agencies and toolkit for unit cost rates for Ryan White HIV AIDS HRSA awards.
Mr. Calabrese is a prolific speaker on Uniform Guidance and government contracting topics, making frequent presentations at seminars and conferences for NGMA, MACPA, Virginia Society of CPAs, GWSCPAs as well as firm-sponsored events.
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