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Meeting the Indirect Cost Recovery Challenge

Webinar • Monday, December 19, 2022 • 2:00-3:30 p.m. ET

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$249.00 Meeting the Indirect Cost Recovery Challenge (12.19.22) (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

Officials at the U.S. Office of Management and Budget probably thought they had solved most of grantees’ indirect cost recovery problems as they were implementing federal grant reform through the uniform guidance (2 CFR 200). Unfortunately, many nonfederal entities continue to experience difficulties in getting awarding agencies to recognize their indirect cost expenses. The problems are particularly common for suberecipients that don’t have any direct relationships with federal agencies. 

So what’s going on? Start with the fact that indirect costs have gotten a bad name, as some members of Congress and lots of the media think they are unnecessary budgetary fat. Add that negotiating indirect cost rates can be burdensome, and not every federal agency or pass-through entity is willing to devote resources to the task. Meanwhile, policy questions abound about how indirect costs are to be applied to large pandemic funding streams like those in the American Rescue Plan Act (ARPA).

This webinar will help you properly employ the federal policies to craft an indirect cost rate proposal and how to get the rate recognized. We’ll provide clear coverage on:

  • The distinctions between direct and indirect costs
  • The folly of comparing indirect cost rates among organizations
  • The cognizant agency concept — and how it’s really supposed to work
  • The authoritative procedures that are prescribed for indirect cost recovery
  • Interpretation issues surrounding costs that are commonly charged indirectly
  • Differing types of indirect cost rates, and how they are adjusted
  • Use and misuse of the de minimis indirect cost rate
  • Enforcing federal mandates for full indirect cost rate recognition
  • Budgeting indirect costs in grant applications and claiming them on financial reports

It’s time to get past the “urban legends” that are out there about indirect cost and to capture and use the truly sensible federal rules to recover the real cost of implementing federal grants.

WHO SHOULD ATTEND:

  • Grant and contract managers
  • Sponsored projects administrators
  • Grant project directors
  • Executives
  • Finance directors
  • Accounting 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).

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This valuable resource will help you and your grants management team:

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  • Understand contract clauses in agreements for procurement under grants
  • Apply the general tests of allowability
  • Understand special issues confronting pass-through entities contracting with foreign organizations
  • Know which clauses flow down when crafting a subaward
  • Understand what is meant by a 10% de minimis indirect cost rate
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