This Fundamental Financial Management Training course is based on the revised National RTAP course developed in 2020. The course provides essential guidance for FTA Section 5311 recipients and subrecipients on a wide range of topics of importance to any recipient of FTA financial assistance. This course is designed for public entities, nonprofit organizations, and Indian tribal grant recipients. The course addresses OMB's Uniform Guidance (2 CFR § 200), including changes that made key changes effective November 2020. The concepts of direct and indirect costs are addressed in detail, along with procedures for claiming indirect costs under federal grant awards. Cost allowability principles are reviewed, along with unique FTA treatment of selected costs. Eligible source of local match, including use of purchase of service revenues, are discussed with comparative examples. Requirements for the use of contributions and donations as a source of local match are reviewed. Best practices in the management of cash are provided. Finally, roles and responsibilities for entities subject to single audit requirements are presented, along with guidance on how the auditee should respond to any audit finding. To enhance participant understanding and participation in the course, multiple brief exercise are conducted during the class. Additionally, a series of questions and answers are provided in each topical area.
At A Glance
Organization:
Community Transportation Association of America
Topic:
Procurement
Fees:
Two-Day Training: In-Person classroom is $7,500 for 20 students and Virtual Training is $600 per student
Delivery Method:
Instructor Led
Mode:
Transit
Time period:
16 Hours
Level:
Advanced
Year Created:
2025
Last Updated:
07/07/2025 20:09
Notes:
Offered as either in-person delivery for up to 20 students or individual virtual training.
Target Audience: Public entities, nonprofit organizations, and Indian tribal grant recipients.
