Accountants, auditors and financial managers gather for grant training
A Pacific Islands Training Initiative - "Understanding and Complying with Office of Management and Budget'(OMB) Administrative Requirements and Cost Principals for Grants and other Agreements" is being conducted at this time at Sadies by the Sea conference room.
Charles W. Hester, who is a Certified Public Accountant/Forensic CPA, Certified in Financial Forensics by the American Institute of Certified Public Accountants (AICPA), a Certified Fraud Examiner/Specialist as well as a Certified Government Financial Manager is conducting the training.
Accountants, auditors and financial managers who need a working knowledge of the administrative requirements and cost principals applicable to federal financial assistance are the target audience.
Employees from various government agencies are attending the meeting: the Territory Office of Fiscal Reform (TOFR), Human Social Services (HSS), Department of Interior (DOI), Department of Parks and Recreation, Court Administration, Department of Health (DOH), Department of Public Works (DPW), Territorial Administration on Aging (TAOA), Department of Commerce (DOC), Developmental Bank of American Samoa (DBAS), Department of Education (DOE), ARRA office, Department of Homeland Security (DHS) and Department of Human Resources (DHR)are all represented.
"The Graduate School out of the Hawaii office and the ARRA office brought me here to explain to everyone the administration requirements and cost principals for grants and agreements," said Hester.
The training will provide participants with detailed information about the Office of Management Budget's (OMB) administrative requirements and cost principals that state and local governments must follow, and against which they are audited as recipients and sub-recipients of federal financial assistance. The course also discusses parallel requirements for non-profit organizations and institutions of higher education.
Recent significant findings of the Report on the National Single Audit Sampling Project and recent changes to Generally Accepted Government Audit Standards are covered during the training.
In explaining details of the Graduate School, Hester said, "It used to be part of the Department of Agriculture, but now it is a separate corporation. The School gets a grant from DOI to provide training and technical assistance throughout the Pacific Insular area.
The local ARRA office asked the Graduate School for an instructor to conduct local training. According to Hester, people know that if they follow the rules, they get the money and they keep the money; but if they do not know the rules - or if they do not follow the rules - they are subject to having to return the money - and that is never a good thing".