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"Gimme Shelter!" - Charging Facility Costs to Your Federal Grants

Webinar • Thursday, July 27, 2017, 2-3:30 PM EST

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OnDemand Recording
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$249.00 "Gimme Shelter!" - Charging Facility Costs to Your Federal Grants (OnDemand)

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$249.00 "Gimme Shelter!" - Charging Facility Costs to Your Federal Grants (CD Only)
Webinar Details

Subject: Grants

Recommended Field of Study: Specialized Knowledge and Applications, Auditing (including Government Auditing)

Program Knowledge Level: Basic

Advanced Preparation: None

There aren’t many federal grants or subgrants where the cost of space occupancy is minor. The purpose of the award — research and development, education, social services, you name it —hardly matters. Name a function being supported by federal funds and there is probably a significant cost for the use of facilities and ancillary expenses.

Unfortunately, the rules about allowability for these myriad charges are spread across the new federal cost principles that the Office of Management and Budget crafted as part of its “Super Circular.” They vary depending upon whether your organization is buying the facility, already owns it or is leasing it. Further, to make things interesting, OMB changed some key policies on depreciation, rent and renovation. There are even a few differences in the guidance depending upon the type of organization administering the award.

While the rules are aimed at recognizing that federal programs should bear their fair share of these costs, they are also sensitive to the possibility of abuses like skewing charges in the direction of the federal government or “redecorating at government expense.”

This webinar will drill down on the various federal policies on the allowability of facility-related costs including those covering:

  • New capital facility acquisitions
  • Depreciation on owned facilities
  • Interest on facility-related debt
  • Rental costs
  • Alterations and renovations
  • Relocation expenses
  • Idle capacity
  • Operation, maintenance and utility charges
  • Physical security costs

The webinar also will address acceptable methods of distributing facility-related costs when multiple awards are benefited and the applicability of the Davis-Bacon Act to federally assisted construction and renovation.

Join Bob Lloyd, principal of Federal Fund Management AdvisorÔ and a respected authority on federal policies affecting the acquisition, administration and audit of federal grants and contracts, for this critical review of the requirements you need to know to maximize cost recovery.

Who Should Attend?

  • Grant and Contract Managers
  • Sponsored Projects Administrators
  • Facility Managers
  • Security Directors
  • Executives
  • Finance Staff
  • Program Staff
  • Principal Investigators
  • 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
Federal Fund Management Advisor™ is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

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This comprehensive resource blends age-old conventional wisdom with the historic changes in OMB’s uniform guidance. You'll benefit from the advice of experts on time and effort reporting, procurement under grants, direct charging certain costs, single audit preparations, subrecipient monitoring and much more. The 500+ page softbound book is a valuable management guide, compliance document and training tool for busy grants managers, program directors, financial officers and auditors at nonprofit organizations, educational institutions, and state and local governments.

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

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  • Make the subrecipient vs. contractor determination
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  • Understand which familiar elements of time and effort reporting have been retained in the uniform guidance ... and which are new
  • Know the nuances of requirements for subrecipient assessment and monitoring
  • 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
  • Audit the vulnerabilities in your grants management operation
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    ...and much more

A Practical Guide to Federal Grants Management is the best insurance policy there is for limiting your organization’s risk of disallowed costs, loss of federal funding and public relations nightmares. Add it to your order today!

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