March 10, 2016
The Federal Government provides more than $500 Billion each year in grants to the non-federal sector. Recipients of these grants that purchase equipment with their funds, are required to comply with the property management standards under the new Uniform Guidance, various reporting requirements, inventory and depreciation tracking, minimum insurance coverage and disposal regulations. Such regulations can prove a challenge to many organizations for assuring compliance while maintaining cost efficiency.
Jennifer Arminger and James Larson, Nonprofit Audit Partners of Gelman, Rosenberg & Freedman CPAs, and Jackie Luo, Chief Executive Officer of E-ISG Asset Intelligence led an informative hour-long webinar that addressed:
1. What are the key requirements on equipment management under Uniform Guidance
2. What are the key challenges we see in the industry
3. How to meet these challenges in a cost effective way