Federal Fund Management Advisor Webinar Will Provide Advice to Nonprofits on OMB’s New Policies for Recovering Indirect Costs

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On Nov. 13, federal grants expert Bob Lloyd will discuss the way nonprofit indirect cost recovery will change under new federal rules.

OMB’s new governmentwide policies require full recognition of federally negotiated rates where problems exist and mandate alternative methods for recognition of subrecipient indirect costs. The Nov. 13 Federal Fund Management Advisor webinar, “Indirect Cost Recovery for Nonprofits — It’s a New Day Thanks to OMB Grant Reform,” will provide nonprofit entities with an understanding of how to formulate indirect cost rate documentation.

In 60 minutes of presentation followed by 30 minutes dedicated to individual questions, Federal Fund Management Advisor Principal Bob Lloyd will discuss:

  •     What the federal rules say about decisions to charge costs indirectly
  •     The real requirements for federal agency indirect cost cognizance
  •     How federal agencies will be forced to recognize federally negotiated rates
  •     What options are available for nonprofit organization subrecipients to recover indirect costs
  •     What kinds of discretion pass-through entities will still have
  •     The current procedures for development and presentation of indirect cost documentation
  •     Which federal resources are geared specifically to helping nonprofit organizations in their efforts to recover indirect costs
  •     What role an organization’s single audit will play in the process

Visit http://federalfundmanagement.com/webinars/wg431_111314 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 A Guide to OMB Grant Reform and several other 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 provides recipients and subrecipients of federal funds with accurate, responsible and practical advice concerning the acquisition, administration and oversight of federal grants, cooperative agreements and contracts. Through management, compliance and best practices webinars, and a wide variety of technical assistance capabilities, this advisory service can help organizations navigate effectively in today’s highly charged federal fund accountability atmosphere. Visit http://www.federalfundmanagement.com.

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Shelly Beaird-Francois
Atlantic Information Services
+1 (202) 775-9008 Ext: 3064
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