When the Office of Management and Budget launched its big grants reform initiative a few years back, they heard a lot of complaints from nonprofit organizations about indirect cost recovery — or, more accurately, the lack of it. Some federal agencies and many pass-through entities were refusing to recognize and reimburse those legitimate award costs.
Many nonprofit organizations were not able to obtain a negotiated indirect cost rate agreement with the feds because they didn’t have a direct funding relationship with a federal agency. But, 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 organizations that did have federally negotiated rates encountered recovery problems.
Now, OMB’s governmentwide policies require full recognition of federally negotiated rates where they exist and mandate alternative recovery methods for those that don’t have federal rates. The policies were supposed to open the door to fair treatment, but problems persist, particularly for nonprofit organizations.
Nonprofits need to understand how to formulate indirect cost documentation in accordance with federal procedures, and how to convince federal agencies and pass-through entities to accept the calculations. This webinar will provide the tools to do that and offer answers to these, and other, questions:
- What do the federal rules say about decisions to charge costs indirectly?
- What are the real requirements on federal agency indirect cost cognizance?
- How are federal agencies forced to recognize federally negotiated rates?
- What kinds of discretion do 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?
- How does the de minimis indirect cost rate work, and what are its advantages and disadvantages?
- 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:
- Finance directors
- Accounting staff
- Grant and contract managers
- Sponsored projects administrators
- Federal program managers
- Internal auditors
- External auditors
- Federal agency grant officers
- Pass-through entity officials
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 2.0 CPE Credits