Washington, DC (PRWEB) November 09, 2015
Although the new federal cost principles crafted by the Office of Management and Budget (OMB) and its federal agency partners consolidated three separate sets of cost principles, much of the language covering fringe benefits that related to different types of recipients — governments, colleges and universities, and nonprofits — has been kept. So, OMB’s new policies have to accommodate wide variations in practices among employers. There are also questions about mandated versus discretionary benefits, which ones are taxable and which are not, and how the answers to these questions affect award charging practices. “Charging Fringe Benefits to Your Federal Grants,” an upcoming webinar from Federal Fund Management Advisor, will drill down on OMB’s revised federal cost principles and help organizations ensure that they’re charging fringe benefits correctly and fully.
The Nov. 19 program will cover:
- Compensated absences (paid time off)
- Health insurance
- Wellness programs
- Life insurance
- Disability and workers’ compensation
- Pension plan costs
- Severance pay
- Post-retirement health benefits
- Education allowances
- Tuition remission
- Dependent care
Visit http://federalfundmanagement.com/webinars/wg525_111915 for more details and registration information.
“Charging Fringe Benefits to Your Federal Grants” 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 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 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.