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RECOVERING FEDERAL GRANT INDIRECT COSTS - A TUTORIAL FOR NONPROFIT ORGANIZATIONS

Webinar • Thursday, November 18, 2021 • 2:00-3:30 p.m. ET

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$249.00 Recovering Federal Grant Indirect Costs - A Tutorial for Nonprofit Organizations (11.18.21) (OnDemand Recording)

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Webinar Details

Prerequisites: None

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

When the Office of Management and Budget launched its big federal grants reform initiative a few years ago, it heard countless complaints from nonprofit organizations about indirect cost recovery — or, more accurately, the lack of it. Many nonprofit organizations were not able to obtain a negotiated indirect cost rate agreement with the federal government because they often didn’t have a direct funding relationship with a federal agency. Further, 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 organizations that did have federally negotiated rates encountered problems.

OMB issued new governmentwide policies that require full recognition of federally negotiated rates where they exist and mandate alternative recovery methods for those that don’t have federal rates. The policies were supposed to open the door to fair treatment. But if additional regulations and a host of OMB FAQs published recently are any indication, problems persist — and particularly for nonprofit organizations.

Nonprofits need to understand how to formulate indirect cost documentation in accordance with federal procedures and how to convince federal agencies and pass-through entities to accept the calculations. This webinar will provide you with the tools to do that. You’ll get answers to these and many other questions:

  • What do the 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 do pass-through entities still have?
  • What options are available for nonprofit subrecipients to recover their indirect costs?
  • What are the procedural steps to develop and present defensible rate calculations?
  • How does the de minimis indirect cost rate work and what are its advantages?
  • What federal resources are geared specifically to helping nonprofit organizations recover their indirect costs?
  • 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:

  • Finance directors
  • Accounting staff
  • Grant and contract managers
  • Sponsored projects administrators
  • Federal program managers
  • Pass-through entity officials
  • Internal auditors
  • External auditors
  • Federal agency grant officers

YOUR EXPERT(S):

Bob Lloyd

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 nearly 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 sixteen 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 A Guide to OMB Grant Reform and several other reference works on federal grants management and audits, and currently serves as contributing editor to Federal Grants News, published by Thompson Grants. He also is a Charter Life Member of the National Grants Management Association and served on its Board of Directors for five years. Contact Bob Lloyd at consultlloyd@aol.com or 864-235-8680.

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Finally! A practical guide to grants management.
Get practical grants management guidance that blends age-old conventional wisdom with the historic changes in OMB’s uniform guidance:
Add A Practical Guide to Federal Grants Management - From Solicitation Through Audit, 3rd Edition to your order!
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
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This course will help you:
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  • Rolling updates as regulations change to ensure the compliance information you rely on is always the most current
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This subscription is the same price as our standard Thompson Grants Compliance Expert subscription.

It includes all the same benefits, but adds specialized compliance information and news alerts written specifically for grant managers at IHEs – the best part, there’s no extra cost!

By selecting NO, you will continue to your cart with the standard Thompson Grants Compliance Expert subscription.