Recovering Federal Grant Indirect Costs:
A Tutorial for Nonprofit Organizations

Webinar • Thursday, March 21, 2019 • 2:00-4:00 p.m. ET

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$349.00 Recovering Federal Grant Indirect Costs: A Tutorial for Nonprofit Organizations (03.21.19) (Live Webinar + CD)
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

Credit Information

CPE Credits Columbia Books & Information Services 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417.

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When the Office of Management and Budget launched its big federal grants overhaul a few years ago, it heard a lot of complaints from nonprofit organizations about indirect cost recovery — or, more accurately, the lack of it. OMB was told that some federal agencies and many pass-through entities were flatly refusing to recognize and reimburse these legitimate costs of performing federal awards. 

In the past, many nonprofit organizations were not able to obtain a negotiated indirect cost rate agreement with the federal government 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. Even those organizations that did have federally negotiated rates encountered resistance from awarding agencies in fully accepting them.

OMB attempted to address these problems with new governmentwide policies that require full recognition of federally negotiated rates where they exist and mandate alternative methods for indirect cost recovery for those nonprofits that don’t have federal rates. This has had a big impact on nonprofit organizations, as those policies open the door to fair treatment.

This webinar will arm nonprofits with the tools to understand how to formulate their indirect cost documentation in accordance with OMB’s new procedures and how to convince federal agencies and pass-through entities to accept those calculations. You’ll get answers to these — and many other —questions:

  • What are the procedural steps to develop and present defensible rate calculations?
  • What federal resources are geared specifically toward helping nonprofit organizations recover their indirect costs?
  • What options are available for nonprofit organization subrecipients to recover their indirect costs?
  • What do the new federal rules say about decisions to charge costs indirectly?
  • What are the real requirements on federal agency indirect cost “cognizance”?
  • How will federal agencies be forced to recognize federally negotiated rates?
  • What kinds of discretion will pass-through entities still have?
  • 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:

  • Grant and contract managers
  • Sponsored projects administrators
  • Finance directors
  • Accounting staff
  • Federal program managers
  • Internal 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 2.0 CPE Credits

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Finally! A practical guide to grants management.

Get practical grants management guidance that blends age-old conventional wisdom
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Add A Practical Guide to Federal Grants Management -
From Solicitation Through Audit, 2nd Edition
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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:

  • Understand the differences between direct and indirect costs
  • Make the subrecipient vs. contractor determination
  • Realize the full impact of OMB’s emphasis on internal controls
  • 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
  • Understand what is meant by audit "resolution"
    ...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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