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

Wednesday, June 1 7:00am - 8:00am PDT

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1.0 Credits

Member Price $39.00

Non-Member Price $59.00


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.


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.



Designed For

Public accountants, consultants, government contractors and awardees of federal grants and cooperative agreements.


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.






Leader Bios

Paul Calabrese

As a senior manager, Mr. Paul H. Calabrese provides accounting and consulting services to nonprofit and government contracting clients of the public accounting firm Rubino & Company for the past 30 + years. His area of expertise includes the Uniform Guidance for Federal grants compliance and management with respect to policies and procedures for grants manuals, sub-recipient financial monitoring, training, and the development of over (100) negotiated indirect cost rates from indirect cost rate proposals.

On the Federal procurement side, Mr. Calabrese was an auditor for the Defense Contract Audit Agency and was also employed by 3 government contractors to the position of controller.. Mr. Calabrese has considerable experience with the Cost Accounting Standards (CAS) and CAS disclosure statements, Federal Acquisition Regulation Cost Principles (FAR), Department of Defense FAR Supplement.

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Non-Member Price $59.00

Member Price $39.00