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Today’s Indirect Cost Realities

Webinar • Thursday, May 21, 2020, 2020 • 2:00-3:30 p.m. ET

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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

The policies on indirect cost recovery on federal grant awards have never been easy to decipher. Evidence of the need for clearer answers showed up earlier this year in proposals to revise 2 CFR 200, the Office of Management and Budget’s “uniform guidance.” And, in response to the COVID-19 pandemic, OMB has made administrative flexibilities available that affect indirect cost rates.

OMB took on the challenge of streamlining and clarifying indirect costs when it developed 2 CFR 200 a few years ago. But it’s fair to say there were mixed results.

On the positive side, OMB reinforced some longstanding requirements for mandatory awarding agency recognition of federally negotiated indirect cost rates. But revised policies on negotiation of rates by pass-through entities and the introduction of something called the “de minimis rate” has generated plenty of questions.

So this special webinar briefing has been scheduled to sort out and explain the myriad current developments that affect indirect cost recovery by organizations like yours. We’ll cover:

  • COVID-19-related extensions of existing indirect cost rates and future rate proposals
  • OMB’s proposal for public posting of rate agreements — and recipient reactions
  • Possible broader use of the “de minimis rate”
  • Pass-through entity responsibilities for negotiating rates for subrecipients
  • Authoritative federal guidance on preparation of rate proposals
  • Federal cognizant agency assignment policies
  • Interpretation issues affecting costs commonly included in indirect pools
  • Understanding the fine print in standard federal indirect cost rate agreements

Join Bob Lloyd — principal of Federal Fund Management Advisor™ and a respected authority on federal policies affecting the award, administration and audit of federal grants, contracts and subawards — for this timely and thorough update.

WHO SHOULD ATTEND:

  • Grant and contract managers
  • Sponsored programs administrators
  • Purchasing managers
  • Federal program managers
  • 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).

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
  • Know which clauses flow down when crafting a subaward
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