Upcoming Webinar to Review Possible Changes to Indirect Cost Recovery on Federal Grants

Federal Fund Management Advisor webinar will detail current and future challenges that federal grant recipients and subrecipients face when it comes to recovering indirect costs.

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Washington, DC (PRWEB) April 30, 2013

The U.S. Office of Management and Budget has suggested that major reforms for federal grants management are imminent. Focusing on indirect costs recovery, the upcoming May 9 webinar from Federal Fund Management Advisor — “Indirect Cost Recovery on Federal Grants — Which Way Forward?” — will detail the current and future challenges that federal grant recipients and subrecipients face.

OMB released in February a comprehensive grant reform proposal that contains ideas for cost recovery such as the use of negotiated rates over multi-year durations, and new expectations that pass-through entities might have to get into the indirect cost rate negotiation business. OMB clearly wants to streamline the often time-consuming processes of development, submission, negotiation and reconciliation that have accompanied this aspect of federal award administration for decades. There’s also the suspicion that OMB might have other kinds of cost savings — such as restricted rates — in mind.

When the proposal is scruitinized against existing federal indirect cost recovery policies and the various prescribed methodologies that are currently available, however, it becomes apparent that some of what OMB has floated is already permitted or even encouraged. Knowing both the existing policies and practices, and the outline of possible changes, is important.

The May 9 webinar will answer questions such as:

  • What are OMB’s proposals for changes in indirect cost recovery policies?
  • How do those proposals align with current requirements and prescribed methods?
  • How should internal processes of rate calculation change?
  • What are the advantages and disadvantages of various rate options?
  • What is the difference between a “flat” rate and a “predetermined” one?
  • How can organizations cope with funding agencies that seek to cap or restrict indirect cost recovery?
  • What will continue to be audit vulnerabilities?

Visit http://federalfundmanagement.com/webinars/wg310_050913 for more details and registration information.

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 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 and Federal Auditing News, published jointly by Atlantic Information Services and NACUBO. 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, “‘Man Bites Dog’: An Internal Control Lesson for Grantees.”


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