Thompson Grants a division of CBIS

Indirect Costs & Cost Allocation Plans Under the Uniform Guidance

Thursday, September 08, 2016

Webinar Details

Subject: Grants Management

Prerequisites: None

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

Duration: 90 minutes

Location: Your office or conference room, per telephone connection

Course Description:

The OMB’s uniform grant guidance fundamentally alters the playing field surrounding indirect costs. It also creates new options for grantees: Federal agencies, for example, must accept negotiated rates unless there is a statutory exception.

Getting to that negotiated rate, however, means navigating complex calculation methods. Plus, once approved, incorrectly charging indirect costs could trigger audit findings, corrective actions and even a recovery of funds and additional penalties.

Here’s what you need to understand about the new requirements and the new options.

Register now for Indirect Costs & Cost Allocation Plans Under the Uniform Guidance? In this 90-minute webinar Karen Norris shares her expertise in federal grants management and audit resolution to help you prepare for uniform guidance requirements and opportunities.

Clear, up-to-date guidance. You’ll learn how the uniform guidance changes the way indirect costs are treated in federal grants. You’ll also discover what new processes will be put in place and when the new flat rate can be used! During the live Q&A, you can also ask your own specific questions.

Reserve your space now to learn how to use the new guidance to reduce risks and turn the uniform guidance to an advantage, including:

  • Gain awareness of direct and indirect costs.
  • Recognize changes to indirect costs.
  • Distinguish between different indirect cost rates.
  • Review considerations to obtain a rate.
  • Identify key requirements for cost allocation plans.

Remember, understanding the complexities of indirect costs can be a powerful tool for grantee organizations, while a failure to perform in this area could lead to recovery audits, loss of grant funds, and other sanctions.

Register now for Indirect Costs & Cost Allocation Plans Under the Uniform Guidance to get to work with real-world guidance, right away.

Who Will Benefit

This webinar is of value to all federal granting agencies, non-federal entities receiving federal grant funds, and everyone who works with federal grants, including:

  • Grant administrators
  • Grant program staff
  • Accounting and finance staff
  • Internal auditors
  • Independent auditors

Karen Norris

Karen Norris is nationally recognized in the grants community, a Subject Matter Expert (SME), and Principal at k4rnoco - a Karen Norris Company in Gaithersburg, MD. She has experience in grants and contracts for more than 20 years, as a grants administrator for educational institutions in the State of Maryland and as an author and managing editor for national publications. Norris has served on the Board of Directors of professional associations and nonprofit organizations. She is an invited annual presenter at national conferences and training events, including the Grant Professionals Association, National Grants Management Association, Management Concepts, Thompson Information Services/Columbia Books, and the former Council for Resource Development. Norris conducts virtual, eLearning, and onsite grant training at national summits and for nonfederal entities including federal, state, local and territorial governments, and presents webinars to national audiences. Her white paper about health grants was published by the White House Conference on Aging. Norris has advised and responded to information requests about the grants process from the U.S. Senate Subcommittee on Federal Financial Management. Norris has served as a federal reviewer for the U.S. Department of Education and the U.S. Department of Agriculture.

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

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  • 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"
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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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