- Pub Code: WG310-11WEB
- Originally held on May 9, 2013
Indirect Cost Recovery on Federal Grants — Which Way Forward?
May 9, 2013 Webinar - Listen On-Demand or Get a CD!
Knowing both the existing federal indirect cost recovery policies and practices, and the outline of possible changes in OMB’s comprehensive grant reform proposal, is important to effectively position your organization going forward. This webinar details the current and future challenges that federal grant recipients and subrecipients face when it comes to recovering indirect costs.
The On-Demand recording will be available immediately upon purchase* as a link within a PDF file of the accompanying written materials. CDs and printed materials are shipped via USPS.
Possible Changes to Indirect Cost Recovery on Federal Grants — Are You Ready?
When the U.S. Office of Management and Budget (OMB) sent up a trial balloon last year suggesting that “flat” indirect cost rates on federal grants might be the way of the future, the recipient community was swift and certain in its reaction — “No thanks!” But the fact that OMB has scrapped that idea for the time being doesn’t mean that there aren’t some other changes in the works for how federal grant recipients and subrecipients will recover indirect (or as they are known in some circles, facility and administrative) costs in the years ahead.
OMB’s comprehensive grant reform proposal was recast and released in February. It still contains ideas like use of negotiated rates over multi-year durations, and new expectations that pass-through entities that subgrant federal funds might have to get into the indirect cost rate negotiation business. OMB clearly wants to streamline the often time-consuming processes of development, submission, negotiation and reconciliation that have accompanied this aspect of federal award administration for decades. And, there’s still the nagging suspicion that they might have other kinds of cost savings — such as restricted rates — in mind.
If you drill down on the existing federal indirect cost recovery policies and the various prescribed methodologies that are currently available, however, you can see that some of what they have floated is already permitted or even encouraged. So, knowing both the existing policies and practices, and the outline of possible changes, is important to effectively position your organization going forward. This webinar will help you to do just that.
You’ll get answers to these questions:
- What are OMB’s proposals for changes in indirect cost recovery policies?
- How do those proposals align with current requirements and prescribed methods?
- How should your internal process of rate calculation change?
- What are the advantages and disadvantages of various rate options?
- What is the difference between a “flat” rate and a “predetermined” one?
- How can you cope with funding agencies that seek to cap or restrict indirect cost recovery?
- What will continue to be your audit vulnerabilities?
Prerequisites: Some knowledge of federal grants management is helpful but not necessary
Advanced preparation: None
Attendees will receive presentation slides as well as access to background documents.
BOB LLOYD is a respected authority on policies and practices affecting the award, administration and oversight of federal grants, contracts and subawards. Mr. Lloyd has more than 40 years of experience in federal award implementation. Prior to starting his management consulting practice in Washington, D.C., in 1982, he served as the executive director of the Grants Management Advisory Service and held staff positions in two large federally funded organizations. Since then, he has been a consultant, trainer or advisor to award and audit units in 16 federal award-making departments and agencies, and to recipient and subrecipient organizations and their professional advisors located in all 50 states, the District of Columbia, several U.S. territories and 18 foreign countries. He is the principal author of several reference works on federal grants management and audits, and currently serves as contributing editor to Federal Grants News and Federal Auditing News, published jointly by Atlantic Information Services and NACUBO. He also is a Charter Life Member of the National Grants Management Association and served on its Board of Directors for five years.
Who Should Attend?
- Finance directors
- Cost accounting personnel
- Grant and contractor administrators
- Program managers
- Sponsored projects staff
- Internal auditors
- External auditors
The costs of webinars sponsored by Federal Fund Management Advisor are allowable charges to your federal grants and subgrants. Each of the sets of federal cost principles issued by OMB for federal awards administered by state, local, and tribal governments, colleges and universities, and nonprofit organizations explicitly states that the costs of training for employee development and vocational effectiveness are allowable. For your records, the specific citations are:
- OMB Circular A-21 (2 CFR 220), Appendix A, Paragraph J.51—Colleges and Universities
- OMB Circular A-87 (2 CFR 225), Appendix B, Paragraph 42—State, Local and Tribal Governments
- OMB Circular A-122 (2 CFR 230), Appendix C, Paragraph 49(a)—Nonprofit Organizations
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