(Recorded Webinar) Cost Allocation and Indirect Cost Rates
One of the most challenging compliance obligations of federal grantees is ensuring that they charge only “allocable” costs to their federal awards. At its core a very straightforward concept, in practice cost allocation can prove a complex endeavor. From direct allocation, through cost allocation plans, and federally approved indirect cost rate agreements, an understanding of cost allocation principles aids grantees in efficiently and properly recovering project costs from the federal government. Join Partner Scott S. Sheffler to build from cost allocation basics to intermediate allocation concepts, examine practical examples, and walk through the indirect rate agreement negotiation process.
- Fiscal Staff
- Compliance Directors
- Other grants management staff
After this webinar, you will be able to:
- Understand the purpose of, and core standards applicable to, cost allocation under the federal cost principles.
- Identify key compliance risks in the cost allocation framework and strategies to address them.
- Discuss the purpose and nature of indirect cost rate agreements, how they are negotiated with the federal government, and how they are to be used once executed.
Scott Sheffler is a Partner with the firm in the Federal Grants and Health Care practice groups. He 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]
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