Presented by Michael Brustein, Esq.

mbrustein@bruman.comBonnie L. Graham, Esq.bgraham@bruman.com

Brustein & Manasevit, PLLCFall Forum 2013

Anatomy of EDGAR

Administrative RulesSEAs/LEAs – Part 80Postsecondary – Part 74Nonprofits – Part 74State-Administered Programs – Part 76Direct Grant – Part 75Enforcement – Part 81FERPA – 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

1. Standards for Financial Management

2. How to Determine if a Cost is Allowable

3. Cash Management Controls and Obligations

4. Asset Controls

5. Procurement Controls

6. Selected Cost Items

7. Audits and Enforcement5

Roadmap of EDGAR and OMB Circulars

Standards for Financial Management Systems

80.20(b) (p. 112) 74.21(b) (p. 9)

Allowable Costs 80.22 (p. 114) 74.27 (p. 15)

Basic Guidelines A-87 (p. 227-228) A-21 (p. 174)

Composition of Cost A-87 (p. 228); A-21 (p. 174)

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Roadmap of EDGAR and OMB Circulars Period of Availability of Funds

80.23 (p. 114) 74.28 (p. 15)

When Obligations are Made 76.707 (p. 91)

When Subgrantees May Begin to Obligate Funds

76.708 (p. 91)

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Roadmap of EDGAR and OMB Circulars Equipment

80.32 (p. 119) 74.34 (p. 16)

Procurement 80.36 (p. 121) 74.40 (p. 19)

Retention and Access Requirements for Records

80.42 (p. 130) 74.53 (p. 25)

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Roadmap of EDGAR and OMB Circulars Records Related to Grant Funds

76.730 (p. 93) Monitoring and Reporting Program

Performance 80.40 (p. 128) 74.51 (p. 23)

Enforcement 80.43 (p. 131) 74.62 (p. 26)

Disapproval of Application – Hearing 76.401 (p. 78)

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Selected Items of Cost Appendix B to A-87 (p. 229)

+ Advertising (p. 230) (outreach) + Personnel Costs (p. 231) + Meetings (p. 241) + Travel (p. 244)

Appendix J to A-21 (p. 190)

+ Advertising (p. 190) (outreach) + Personnel Costs (p. 191) + Meetings (p. 205) + Travel (p. 210)

Roadmap of EDGAR and OMB Circulars

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Roadmap of EDGAR and OMB Circulars A-133 – Single Audits

+ 210 (p. 294) – Subrecipient and Vendor Determinations

+ 200 (p. 293) – Audit Requirements + 320 (p. 299) – Report Submission + 400(d) (p. 303) – Pass Through

81.32 (p. 140) – Proportionality Appendix to Part 81 (p. 145) – Illustrations of

Proportionality 81.33 (p. 141) – Mitigating Circumstances

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Disclaimer

This presentation is intended solely to 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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