Washington, DC (PRWEB) November 07, 2011
Federal Fund Management Advisor is pleased to announce the first program in a new, ongoing series of webinars addressing a wide variety of grants management topics. Cost Allowability 101, which will be held November 14, will provide an overview of the key policies that cut across all of the federal “cost principles.” For more information see webinar details at http://federalfundmanagement.com/webinars/wg101_111411.
The rules for determining what costs can be charged to the government, which ones cannot be charged, and how the costs are to be documented for federal grants and contracts are neither crystal clear nor a short enjoyable read. Just the fact that there are five different sets of “cost principles” that apply to different types of award performers causes enough confusion.
But, regardless of the density and diversity, staff members of the organizations that receive and administer those federal awards must be familiar with the principles to help avoid costly disallowances and other adverse consequences. And that’s not just the people who work in the finance department. Program staff members, research investigators, support personnel, and internal auditors all need a sufficient awareness of the specific cost principles that apply to their type of organization and the ability to find defensible answers to cost allowability questions.
Webinar participants will learn the details of:
- The universe of federal cost principles
- Applicability to federal awards and subawards
- The concept of total recovery under an award
- The distinction between direct and indirect (or facility and administrative) costs
- How applicable credits work
- The general tests of allowability that apply to every charge to a federal award
- The “selected” items of cost and why they were selected
- Guidance on interpretation of allowability for individual items of cost
- Allowability of common “big ticket” items
The webinar will be presented by Bob Lloyd, a respected authority on policies and practices affecting the award, administration and oversight of federal grants and contracts. He has nearly 40 years of experience in federal fund management. Prior to starting his management consulting practice in Washington, D.C., in 1982, he served as executive director of the Grants Management Advisory Service. Earlier, he held senior staff positions in two large federally funded organizations. Since forming his practice, he has served under contract to sixteen major federal award-making departments and agencies and as a consultant, trainer or advisor to recipients, subrecipients and their professional advisors located in all 50 states, the District of Columbia and 18 foreign countries. He has delivered hundreds of training courses on federal fund management topics and has served as principal author or contributor for seven professional reference services.
After a 60-minute presentation, a concluding 30-minute question-and-answer session will allow webinar participants to pose individual questions to Mr. Lloyd.
Visit http://federalfundmanagement.com/webinars/wg101_111411 for more details and registration information.
Federal Fund Management Advisor is a new organization that will sponsor Federal Funding webinars and deliver free Federal Funding E-Strategies. Go to http://www.FederalFundManagement.com to read the latest E-Strategy, Debunking “In-Kind” Contributions, and more in the E-Strategy Archives.
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