Federal Fund Management Advisor Webinar to Cover Changes to Indirect Cost Policies Under OMB’S New Grant Reform Package

On Feb. 27, Federal Fund Management Advisor will navigate participants through the new realities of indirect cost recovery and prepare them to strategically use the new policies.

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Washington, DC (PRWEB) February 19, 2014

In the area of indirect cost policy, the result of OMB’s reform effort doesn’t look very consolidated. So how much has really changed, how much hasn’t, and where can organizations find a good guide? During “Indirect Cost Realities — What Changed Under OMB’s Federal Grant Reform,” Federal Fund Management Advisor will help participants navigate the new realities of indirect cost recovery and prepare them to strategically use the new policies.

During the Feb. 27 webinar, federal grants expert Bob Lloyd will provide 60 minutes of presentation followed by 30 minutes devoted to individual questions. Participants will get answers to the following:

  • What happened to proposals for “flat rates”?
  • Where do indirect costs fit into “fixed amount awards”?
  • Which recipients are still required to submit indirect (facilities and administrative) cost plans?
  • Which recipients must develop plans and hold them for audit?
  • How have the procedures for indirect cost plans and rate proposals been altered?
  • What are the procedures for multi-year application of rates?
  • How is OMB forcing federal agencies to recognize negotiated rates? What exceptions will be allowed?
  • What will be the options for indirect cost recovery at the subrecipient level (such as the 10% flat rate)?
  • What are the implications for pass-through entities?
  • What will continue to be the key indirect cost audit vulnerabilities?
  • What’s behind OMB’s decision to separately address indirect costs rates by type of recipient in appendices to the guidance?

Visit http://federalfundmanagement.com/webinars/omb-reform for more details and registration information about this program and the full series of webinars dedicated to the new OMB grant reform package, including sessions on time and effort reporting, and OMB’s new consolidated cost principles.

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 more than 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 16 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, published by Atlantic Information Services. He also is a Charter Life Member of the National Grants Management Association and served on its Board of Directors for five years.

Attendees of the Live Webinar Can Earn Up to 1.5 CPE Credits
Federal Fund Management Advisor is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.learningmarket.org.

About Federal Fund Management Advisor
Federal Fund Management Advisor is an 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, “On Federal Grants Reform, You Don’t Have to Be a ‘Sooner’.”


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