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Live Webcast Replay

What Happens to Federal Grants & Contracts During a Lapse in Funding due to a Government Shut-Down

Total Credits: 1 including 1 Accounting (Governmental) - Technical

Average Rating:
Accounting and Auditing |  ACPEN Industry Institute |  Grant Compliance and Management
Paul H. Calabrese
Course Levels:
1 Hour
Access for 30 day(s) after program date.



As you listen to current news, there are constant threats to shut-down the Federal government.  This session addresses specifically what happens to either grants or contracts during a lapse in funding.  What you need to know.

Basic Course Information

Learning Objectives
  • Providing the internal OMB Memo on shut-downs
  • Understanding the implications of the Anti-Deficiency Act
  • Reviewing the FAQs from the OMB memo that specifically addresses shut-down issues specific to Federal contracts and grants

Major Subjects
  • 8 FAQs providing specific scenarios for contractors and grantees
  • What is the Anti-Deficiency Act
  • What is a ""necessary implied requirement"" for essential services and how that impacts contracts and grants

Course Materials


Paul H. Calabrese's Profile

Paul H. Calabrese Related seminars and products

Principal, Outsourced Accounting & Advisory Services

Gelman, Rosenberg & Freedman

Mr. Calabrese has hands-on experience with the Uniform Guidance for Federal grants recipients: nonprofits, universities, hospitals, and state/local/tribal units of governments. His skill-set involves: grant cost accounting, sub-recipient monitoring, preparation of over (100) indirect rates / NICRA for several Federal agencies, developed policies and procedures, medical management systems invoicing to state Medicaid agencies and toolkit for unit cost rates for Ryan White HIV AIDS HRSA awards. Paul has developed grant and financial statement dashboards. He has performed out-sourced CFO duties, annual budgets, cash flow projections, grant draws and budget monitoring.



Mon, Jun 27, 2022 - 07:00am to 07:52am HAST

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For Public Accountants, Consultants, Government Contractors and Awardees of Federal Grants and Cooperative Agreements which include: nonprofits, institutes of higher education, hospitals, Federal, state, local and tribal units of government
Original Recording Date 03/19/2019
Yellow Book Yes
Course Developer Paul Calabrese
Date Added to Catalog 03/18/2019

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints., (972-377-8199).
Official Registry Statement Business Professionals' Network, Inc. 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 final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
Instructional Delivery Method Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.



Overall:      39

Total Reviews: 39

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