Washington, DC (PRWEB) May 25, 2012
Federal Fund Management Advisor is pleased to announce its May 31 webinar, Cost Allowability 101. This webinar – an encore of a highly acclaimed program held last fall – will provide an overview of the key policies that cut across all of the federal cost principles and those that are different for each type of performer. See webinar details at http://federalfundmanagement.com/webinars/wg214_053112.
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.
Regardless of the density and diversity of the policies, staff members of the organizations that receive and administer those federal awards have to 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.
In this 60-minute presentation, followed by a 30 minute question-and-answer session, participants will learn about:
- 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
- The 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, 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 several reference works on federal grants management and audits, and currently serves as contributing editor to Federal Grants News and Federal Auditing News, published jointly by Atlantic Information Services, NACUBO and NCURA. He also is a Charter Life Member of the National Grants Management Association and served on its Board of Directors for five years.
Visit http://federalfundmanagement.com/webinars/wg214_053112 for more details and registration information.
Federal Fund Management Advisor is a new organization that sponsors Federal Funding webinars and delivers free Federal Funding E-Strategies. Go to http://www.FederalFundManagement.com to read the latest E-Strategy, “Hang a Lantern on Your Federal Grant Problem: Bear Your Own Bad News.”