When you look closely, federal grant budgets boil down to expenditures for three things: people, purchases and places. The federal cost principles that establish which costs are allowable generally fall into these three broad groupings. But, far and away, the most extensive policy discussions involve places — aka facilities.
Dictated by the wide variety of scenarios that grant recipients and subrecipients can present when housing their federally funded programs, the principles address many different facility ownership and rental situations. And they discuss the ancillary and often evolving kinds of expenses that affect facility occupancy costs. For instance, right now, the coronavirus pandemic is forcing organizations to consider how the costs of idle facilities and idle capacity can be charged.
Each recipient or subrecipient is different. So, being able to apply the principles to your organization’s specific facts and circumstances is critical to effective and full cost recovery. This session will enable you to achieve that objective by covering these subjects from a recipient perspective:
- Purchasing or constructing facilities with federal grant funds
- Purchasing facilities using nonfederal financing
- Recovering the costs of facilities owned by nonfederal entities
- Routine operation, maintenance and repair expenses
- Specialized service facilities
- Rental of facilities
- Prohibited less-than-arms-length transactions
- Idle facilities and idle capacity
- Insurance
- Rearrangements and alterations
- Security costs
- Facilities for employee housing
Join us and presenter Bob Lloyd, principal of Federal Fund management Advisor,™ for this thorough and practical look at properly charging facility costs to your federal grants.
WHO SHOULD ATTEND:
- Grant and contract administrators
- Grant project directors
- Accounting staff
- Purchasing specialists
- Facility managers
- Executives
- Finance directors
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