Washington, DC (PRWEB) May 02, 2014
One of the most significant policy changes to come out of the Office of Management and Budget’s two-year federal grants reform effort relates to recognition of the indirect costs incurred by subrecipients. OMB is requiring that primary grantee and other pass-through entities accept those indirect charges through one of three options. “Dealing With the Indirect Costs of Your Subrecipients — Examine Your Options,” a May 13 webinar from Federal Fund Management Advisor, will help grantees and other pass-through entities decide how to best employ all of the options available to be both fair to their subrecipients and cost conscious, too.
During the May 13 webinar — led by federal grants expert Bob Lloyd — participants will learn:
- How to use a federally approved indirect cost rate agreement
- How to handle the indirect costs of an entity that is specifically instructed not to seek a federally negotiated rate
- The parameters for use of the de minimis 10% rate
- How to modify the rate negotiation procedures used by the federal government to accommodate negotiation at the pass-through level
- How independent auditors can assist in providing assurance about indirect cost rates
Visit http://federalfundmanagement.com/webinars/wg415_051314 for more details and registration information.
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.