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They’re Allowable Costs Under Certain Circumstances

Webinar • Thursday, November 4, 2021 • 2:00-3:30 p.m. ET

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$249.00 They’re Allowable Costs Under Certain Circumstances (11.04.21) (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

Can we charge this to our grant? When someone working for a federally funded organization asks that question, the answer is often, “It depends.” The federal cost policies in the uniform guidance are intended to provide the answer. But they are called “cost principles” for a good reason.

They are general statements to be applied to the facts and circumstances surrounding the incurrence of a specific cost. Those facts and circumstances can obviously vary. There are very few costs listed in the federal policies that are always allowable. Most of the 56 designated “Selected Items of Cost” that are addressed are allowable under certain circumstances.

Differences of opinion as to cost allowability often arise. And the differences regularly bubble to the surface as a result of the monitoring and auditing that define federal award and subaward oversight. This webinar for recipients and subrecipients will take a “dive deep” into the following policy areas where experience shows arguments can be contentious:

  • Advertising and public relations
  • Conferences
  • Employee health and welfare
  • Idle facilities and idle capacity
  • Interest
  • Legal services
  • Lobbying
  • Maintenance and repair
  • Meeting expenses
  • Professional services
  • Rearrangement and reconversion
  • Rent of facilities
  • And others

Highlighting conflicting interpretations that have surfaced during award and indirect cost rate negotiations and federal and nonfederal audits, Bob Lloyd, principal of Federal Fund Management Advisor™, will help you support your cost allowability decisionmaking.

WHO SHOULD ATTEND:

  • Grant and contract managers
  • Sponsored projects administrators
  • Principal research investigators
  • Finance directors
  • Accounting staff
  • Legal counsels
  • Grant project directors
  • 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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  • Understand special issues confronting pass-through entities contracting with foreign organizations
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