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Olga Wall
International Contracts & Grants - Compliance - Business Systems - Mergers & Re-Org - Training - Audit - Philanthropy
Olga Wall is a professional with a diverse background in compliance, contracts, and financial analysis. She holds a Master's in Accounting and Business Management from William & Mary – Raymond A. Mason School Of Business. Olga is the Co-Founder of Avallon Consulting LLC and has held key roles such as Chief of Compliance and Contract Administration at Palladium: Make It Possible, AVP/Contracts & Grants at Blumont, Inc., and Vice President Contracts & Procurement at CARANA. With experience as a USAID Program Manager/Contracts Officer in conflict zones and a Financial Analyst at prestigious firms like KPMG US and EY, Olga combines expertise with practical knowledge. Previously, she has also worked as a Producer at BBC. Olga is known for her ability to simplify complex rules and procedures, as evidenced by her blog on regulations.
Highlights
Are you really the only one for me? Watch this public announcement warning video before deciding to #Sole #Source!!! 🤣 #usaid #contracting #solesourceauthorities
#IMPORTANT #UPDATE. OMB has issued pre-read of the changes coming to #2CFR200. Some significant changes that answer many questions and also respond to what USAID, Humentum and many practitioners like myself submitted as matters requiring clarifications or revision. Some important changes for #USAID #GUCs and direct #Assistance Awards:
- #FAA #Subaward limit has been removed - so $250k will no longer apply
- #Deminimus rate raised from 10% to 15% and only allowed for nonprofit grantees under grants and #CAN #NOT be used under cost-reimbursable contracts or subcontracts due to CPPC statutory prohibition
- Equipment FMV raised to $10,000
- MTDC exclusion for subawards raised to over $50,000
- Approval of subrecipients only for programmatic subrecipients not named in the application. Agencies can still add additional approval requirements
- Single Audit raised to $1MIL so foreign sub-recipient audit will like rise to $1MIL too
- Additional flexibilities for USAID to waive SAM and/or UEI requirements for foreign recipients and sub-recipients up to $250,000 (previously 25,000). This will also apply to GUCs.
- UEI requirement does not apply to second-tier subs
- Adds allowability for charging close-out costs to the award (!)
This is just a pre-read and not yet an official version which will have a public comment period before being final (sometime in 2024), but interesting read for many. Find it here: https://lnkd.in/gdt7RyvK
Cynthia S. Jason P. Matechak Oleg Polozov Lucy Morgan CPA, MBA
