Federal Financial Assistance Update May 2018
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Federal Financial Assistance Update May 2018

Author : liane-varnes | Published Date : 2025-06-23

Description: Federal Financial Assistance Update May 2018 Agenda This presentation includes the following five sections Introduction Fundamentals Detailed Process Terms and Conditions Additional Resources 2 Acronyms The following acronyms are used in

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Transcript:Federal Financial Assistance Update May 2018:
Federal Financial Assistance Update May 2018 Agenda This presentation includes the following five sections: Introduction Fundamentals Detailed Process Terms and Conditions Additional Resources 2 Acronyms The following acronyms are used in this presentation: CFDA – Catalog of Federal Domestic Assistance CFR – Code of Federal Regulations DUNS – Data Universal Number System FAR – Federal Acquisition Regulations FOIA – Freedom of Information Act OMB – Office of Management and Budget SF – Standard Form USC – United States Code 3 Fundamentals May 2018 History of Federal Financial Assistance Federal assistance has increased in volume, type, and complexity over time. Major developments are presented below. 5 Federal Financial Assistance Stakeholders The following groups are involved in Federal financial assistance at various levels (not all stakeholders are required for each award): 6 Award Instrument Types 1 In contrast, Federal procurement contracts acquires, by purchase, lease, or barter, property or services for the direct benefit or use of the Federal agency. Agencies have the authority through 41 USC 504(7) and 41 USC 503(4) to enter into contracts. 2 Substantial involvement includes assisting, guiding, coordinating, or participating in project activities. 3 That is, United States Code title 41, section 503, sub-section 4. 4 “The term ‘extension’ means the informal education programs conducted in the States in cooperation with the Department of Agriculture.” – 7 USC 3103(8). 7 Examples of Specific Authorizations Many Federal agencies are authorized to use grant agreements and cooperative agreements, while only USDA has the authority to use joint venture agreements and cost reimbursable agreements as defined below, as well as many others. 8 Detailed Process May 2018 Federal Financial Assistance from Authorization to Closeout 10 Authorization (1 of 3) Authorization statutes, in which Congress grants authority to a Federal agency to create a Federal financial assistance program, include the following two types: Permanent authorizations For programs with ongoing broad applicability Example: the School Breakfast Program, administered by USDA Food and Nutrition Service. Time-limited authorizations For programs serving specialized purposes or interest groups Example: the McGovern–Dole International Food for Education and Child Nutrition Program, administered by USDA Foreign Agriculture Service. 11 Common Authorization Statute Elements (2 of 3) 12 Common Authorization Statute Elements (3 of 3) 13 Appropriation ( 1 of 2) Federal Financial assistance program funds are funded through a discretionary budget or appropriated. Appropriation OMB supervises creating the executive branch’s proposed Federal budget. The President delivers the proposed budget

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