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Financial management

Strategies for Success: Navigating the Budget Clearance Process- Open Forum

December 2024

During this Open Forum, OVC TFMC financial specialists provided a comprehensive overview of the budget clearance process. Attendees engaged directly with our experts, who were available to answer questions and help navigate this crucial aspect of financial management.

Conducted on December 5, 2024 

How to Prepare for Desk Reviews, Site Visits, and Monitoring Visits

September 2024

This training session will define the purpose of financial monitoring reviews, provide an overview of the types of financial monitoring, including desk and on-site reviews, share elements of pre-site and on-site reviews, and identify the top ten monitoring findings.

Conducted on September 17, 2024 

2024 TVSSA Allowable and Unallowable Costs

August 2024

In this training session, you will learn to locate allowable versus unallowable costs for each solicitation, determine if a cost is allowable or unallowable per cost category, assess whether a cost is reasonable, allocable, and necessary, and apply policies and procedures to ensure costs are consistently treated.

Conducted on August 1, 2024 

Part 200 Uniform Requirements

Uniform Guidance Update

In 2024, OMB released an updated version of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (known as the "Uniform Guidance" or "Part 200"), along with other guidance updates. The Code of Federal Regulations, in 2 C.F.R. Part 200, will be revised to reflect the updated Uniform Guidance on October 1, 2024, the effective date of OMB's updates...