As the State and Local Fiscal Recovery Funds (SLFRF) program winds down, closeout discipline—and a clear understanding of what auditors will expect—will determine whether organizations retain every eligible dollar. This webinar provides a practical, audit‑focused walkthrough of SLFRF closeout requirements and highlights the decisions, documentation, and internal controls recipients and subrecipients must have in place to close out confidently.
Participants will walk through key SLFRF closeout milestones, including the final expenditure deadline and the Final Project and Expenditure Report due April 30, 2027, with emphasis on how closeout requirements differ from standard Uniform Guidance expectations. The session focuses on building and validating an audit‑ready closeout file, aligning documentation with Treasury’s five‑year record retention requirements, and anticipating Single Audit scrutiny under the OMB Compliance Supplement.
Using short scenarios and targeted discussion, the webinar examines common SLFRF risk areas—such as procurement documentation, subrecipient versus contractor classification, and program income—and illustrates how missteps at closeout can lead to findings or repayment. Participants will leave with a clear set of closeout actions they can apply immediately to assess readiness, address gaps, and strengthen internal controls—supporting both successful SLFRF closeout and long‑term federal grant readiness.
Learning Objectives:
- Map SLFRF closeout deadlines and reporting requirements—final expenditure, reporting, and administrative closeout—to the participant’s role as a recipient or subrecipient.
- Define the contents and structure of an audit‑ready SLFRF closeout file that meets Treasury’s five‑year record retention requirements and aligns with Single Audit expectations.
- Develop a closeout strategy that integrates documentation, internal controls, and governance decisions—supporting both SLFRF compliance and future federal grant readiness.
Course Level: Basic
Members: FREE registration and opportunity to earn CPE credits
Non-Members: $174 per person (registration includes optional 1-year
NGMA membership + opportunity to earn CPE credit)
Prerequisites
A basic understanding of the Uniform Guidance rules at 2 CFR 200 will assist with this webinar.
Who Should Attend
Grant Professionals, including Grant Specialists, Grant Administrators, Grant Managers, Program Officers, Grant Officers, Auditors
Program Level
Basic
Advance Preparation
None
Delivery Method
Group Internet Based
Special Accommodations
Individuals with disabilities are encouraged to attend NGMA events. If you require a reasonable accommodation in order to participate in this event, please contact info@ngma.org at least three weeks prior to the event.
Code of Conduct & Event Policies
Attendees of NGMA virtual events agree to NGMA’s virtual code of conduct.
Individuals with invoices over 90 days in arrears may be subject to suspension of membership.
For additional information or assistance with this event including cancellations, substitutions or other program concerns or information regarding administrative policies such as compliants, please email info@ngma.org.
For additional information or assistance with registration, email info@ngma.org.
National Grants Management Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.