Allowable Costs, Cost Allocation, and Indirect Cost Rates

July 19, 2018

This webinar is part of FTLF's Federal Funding Academy series and discusses cost fundamentals as they pertain to the expenditure of funds by federal grant recipients.

The federal rules relating to allowable costs, cost allocation, and indirect cost rates are conceptually straightforward, but sometimes hard to apply to real-world business structures and scenarios. 

This session will start with the foundation of cost allowability, including both the basic threshold requirements for all allowable costs, and the concepts behind the more specific restriction applied to certain expenditures under the federal cost principles “selected items of cost.” Then, we will move on to the importance of allowability for expenditures made with program income, as well as the extent to which the government may have an interest in certain amounts obtained through refunds, rebates, and other returns as “applicable credits.” 

Other key topics will include:

  • The “allowable cost” framework applicable to grant-funded expenditures;
  • “New” requirements and flexibilities set forth in the Uniform Guidance;
  • The de minimis rate and requirements for passthrough-entities related to subrecipient rates; and
  • The role of federally approved indirect cost rate agreements.
 
To purchase the on-demand version of this webinar as a standalone, click here

Target Audience

  • CEOs/ Directors
  • Fiscal Staff
  • Compliance Directors
  • Other grants management staff

Learning Objectives

After this webinar participants will be able to:

  • Understand the fundamentals of cost principles as they pertain to the expenditure of funds by federal grant recipients;
  • Describe how indirect cost rates work and how rate agreements are negotiated; and
  • Identify what is and is not an allowable cost. 
Course summary
Available credit: 
  • 1.25 Certificate of Attendance
Course opens: 
04/05/2018
Course expires: 
07/21/2018
Event starts: 
07/19/2018 - 1:00pm
Event ends: 
07/19/2018 - 2:15pm
Cost:
$225.00

Scott Sheffler

A Partner with the firm in the Federal Grants and Health Law practice groups, Scott advises clients on matters of federal grant law, government contract law, and health care law.  Scott assists clients with the myriad requirements that apply upon acceptance of federal grant funding, including the administrative requirements and cost principles established in the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), the Office of Management and Budget (OMB) Circulars that preceded the Uniform Guidance, and program-specific statutory and regulatory funding conditions. [Full Bio]
 
 
Certificates of Attendance are available for all webinars (both live and recorded) for the registered attendee upon completion of the webinar.
 
A blank Certificate of Attendance will be available for organizations to issue to attendees that viewed the webinar (either live or on-demand). Due to the online nature of the training course, Feldesman Tucker Leifer Fidell LLP does not certify that the attendee actually viewed the course. A supervisor at the organization should sign the certificate, and therefore, certifies that the attendee viewed the course.
 
Attendance record forms are available for all webinars (live and on-demand) and can be utilized to record the attendance of numerous staff members for internal purposes.

Available Credit

  • 1.25 Certificate of Attendance

Accreditation Period

Course opens: 
04/05/2018
Course expires: 
07/21/2018

Price

Cost:
$225.00
Please login or register to take this course.
Methods of payment for live webinars include Credit Card, Check and Purchase Order. However, if you have selected a payment option other than Credit Card within three hours prior to the live webinar, please send an email to learning@ftlf.com to ensure access is granted.
 
Recorded webinars are available for 60 days after the date of purchase or date of the webinar.  Once your purchase is complete, you can re-access the webinar at any time by clicking “My Account” in the upper right hand corner of the page or by selecting it from the “My Training” box on the FTLF Learning Center homepage.  

Please note: All registrations made within 3 hours of the live webinar must be completed using a credit card.

REFUNDS/ CANCELLATIONS

  • No refunds for no-shows; however if requested, registrant can have access to the recorded version of the webinar.
  • FTLF will issue a full refund for cancellations within at least one week prior to the LIVE webinar. No refunds will be provided for on-demand webinars.
  • FTLF can accommodate changing the name on a registration to someone else within your organization or transferring the registration to another already-scheduled upcoming live webinar or an on-demand program up to 24 hours prior to the webinar start time.
  • Cancellation requests made after the webinar will be reviewed on a case by case basis.

Required Hardware/software

Google Chrome and Mozilla Firefox are the preferred browsers.