When the Office of Management and Budget launched its big federal grants reform initiative a couple of years ago, it heard a lot of complaints from nonprofit organizations about indirect cost recovery — or, more accurately, the lack of it. OMB was told that some federal agencies and many pass-through entities were refusing to recognize and reimburse those legitimate costs of performing federal awards. 

Many nonprofit organizations were not able to obtain a federal negotiated indirect cost rate agreement because they often did not have a direct funding relationship with a federal agency. Yet, even when they calculated their rate according to the applicable procedures, pass-through entities were refusing to accept the calculation unless it was federally approved. Talk about a “Catch 22!” Even those organizations that did have federally negotiated rates encountered resistance from awarding agencies in fully accepting them.

So, OMB stepped in to address these problems with new governmentwide policies that will have a big impact on nonprofit organizations. The new policies require full recognition of federally negotiated rates where they exist and mandate alternative methods for indirect cost recovery for those that do not have federal rates. These policies open the door to fair treatment but nonprofit organizations need to understand how to formulate their indirect cost documentation in accordance with OMB’s new procedures and how to convince federal agencies and pass-through entities to accept those calculations. This webinar will provide you with the tools to do that.

You will get answers to these — and other — questions:

• What do the new federal rules say about decisions to charge costs indirectly?
• What are the real requirements on federal agency indirect cost cognizance?
• How will federal agencies be forced to recognize federally negotiated rates?
• What kinds of discretion will pass-through entities still have?
• What options are available for nonprofit subrecipients to recover their indirect costs?
• What are the procedural steps to develop and present defensible rate calculations?
• What federal resources are geared specifically to helping nonprofit organizations recover their indirect costs?
• What role will an organization’s single audit play in indirect cost recovery?

Join Bob Lloyd, principal of Federal Fund Management Advisor™, for this detailed session specifically geared to the needs of nonprofit organizations.

Who Should Attend?

• Grant and contract managers
• Sponsored projects administrators
• Finance directors
• Accounting staff
• Federal program managers
• 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