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Grant Cost Allowability Clinic: Compensating People

Webinar • Wednesday November 18, 2020 • 2:00-3:30 p.m. ET

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$249.00 Grant Cost Allowability Clinic: Compensating People (11.18.20) (On-Demand Recording)
Webinar Details

Prerequisites: Some knowledge of federal grant management and audit requirements is helpful

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

When you look at most federal grant and subgrant budgets, the largest dollar amounts often involve costs of compensating people. The total of salaries, wages and fringe benefits for employees and payments to independent contractors can easily dwarf all other allowable costs in those budgets.

Therefore, it’s no surprise that the Office of Management and Budget (OMB) specifically directs auditors who perform audits under the Single Audit Act to consider federal awards with high payroll costs as inherently risky and deserving of scrutiny. OMB goes into considerable depth about the nuances of these expenses in the federal cost principles used to determine which costs are allowable, which ones are not, and how the costs should be documented.

So, it makes sense for grant recipients and subrecipients to “get down in the weeds” and understand the key cost allowability details surrounding compensation. This clinic will help you do just that. We’ll review:    

  • Role of organizational classification and compensation plans
  • Sources of surveys and other metrics for determining cost reasonableness
  • Treatment of various types of compensated absences (paid time off)
  • Status of administrative flexibilities granted during the coronavirus pandemic
  • Allowability of incentive compensation (aka bonuses)
  • Unique requirements associated with severance pay
  • Employee insurance and pension plan costs
  • Treatment of “not so common” fringe benefits that OMB doesn’t mention
  • Documentation standards for personnel expenses
  • Factors for determining allowability of outside professional services costs

Join Bob Lloyd — principal of Federal Fund Management Advisor™ — for a comprehensive and practical session that will build your knowledge about how to support allowability of this important component of federal award expenses.   

WHO SHOULD ATTEND:

  • Grant and contract managers
  • Sponsored projects administrators
  • Grant project directors
  • Finance directors
  • Legal counsels
  • Accounting staff
  • Human resources directors and staff
  • 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

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