There are not many federal grants or subgrants where the cost of space occupancy is minor. The purpose of the award hardly matters — research and development, education, social services, the list goes on. Name a function being supported by the federal funds and there is probably a significant cost for the use of facilities and ancillary expenses.
Unfortunately, the rules about allowability for these myriad charges are spread across the new federal cost principles that the Office of Management and Budget crafted as part of its “super circular.” They vary depending upon whether your organization is buying the facility, already owns it or is leasing it. Further, to make things interesting, OMB changed some key policies on depreciation, rent and renovation. There are even a few differences in the guidance depending upon the type of organization administering the award.
While the rules are aimed at recognizing that federal programs should bear their fair share of these costs, they are also sensitive to the possibility of abuses like skewing charges in the direction of the federal government or “redecorating at government expense.”
This webinar will drill down on the various federal policies on the allowability of facility-related costs including those covering:
- New capital facility acquisitions
- Depreciation on owned facilities
- Interest on facility-related debt
- Rental costs
- Alterations and renovations
- Relocation expenses
- Idle capacity
- Operation, maintenance and utility charges
- Physical security costs
The webinar also will address acceptable methods of distributing facility-related costs when multiple awards are benefited and the applicability of the Davis-Bacon Act to federally assisted construction and renovation.
Join Bob Lloyd, principal of Federal Fund Management Advisor™, and a respected authority on federal policies affecting the acquisition, administration and audit of federal grants and contracts for this incisive review of the requirements you’ll need to know in order to maximize cost recovery.
WHO SHOULD ATTEND:
- Grant and Contract Managers
- Sponsored Projects Administrator
- Facility Managers
- Security Directors
- Executives
- Finance Staff
- Program Staff
- Principal Investigators
- Legal Counsels
- Internal Auditors
- External Auditors
Hand-out Materials:
Attendees will receive presentation slides as well as access to background materials.
Allowable Charges
The costs of webinars sponsored by Federal Fund Management Advisor™ are allowable charges to your federal grants and subgrants. The cost principles issued by OMB under its uniform guidance (and applicable to all types of awardees) state, “The cost of training and education for employee development is allowable” (2 CFR 200.472).
Attend this Live Webinar and Earn up to 1.5 CPE Credits