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Thompson Grants Workshop: 2020 Revisions to Indirect Costs Provisions

2020 Revisions to Indirect Costs Provisions Workshop

The Uniform Guidance introduced sweeping changes to administrative requirements, cost principles, and audit requirements for Federal awards to non-Federal entities. These changes brought new responsibilities and opportunities to non-Federal entities. Unfortunately, most publicly available guidance focuses primarily on helping non-Federal entities cope with the added responsibilities, leaving little consideration to the new opportunities that are now available. The most overlooked of these opportunities is the ability, but more importantly the right, to Indirect Cost Recovery.

We live in a time where Federal budgets are shrinking and indirect rates are under increased scrutiny by awarding agencies. It has never been more important for organizations to ensure they are efficiently recovering their fair share of indirect costs on Federal awards. If “Set-It-And-Forget-It” is your organization’s current strategy for indirect cost recovery this ondemand workshop is for you!

Purchase this ondemand course that focuses on specific strategies for indirect cost recovery and what organizations must do to maximize efficiency. We will address the following topics:

• Overview of Indirect Cost Recovery and the Cost Principles
• Indirect Cost Recovery Strategies
• Effects of Targeted Revisions
• Performance Monitoring
• Evaluating Your Current Indirect Rate Structure:
○ Organizational Goals
○ Rate Caps
○ Federal vs. non-Federal Programs
○ Consistency
○ Forecasting
○ Maintaining Competitiveness
• Common Pitfalls and How to Avoid Them

Agenda

Session 1 -  Indirect Cost Recovery Strategies
During this part, you will learn about the specific strategies for improving indirect cost recovery efficiency and demonstrate the different benefits associated with various rate structures.

Session 2 - Evaluating Your Indirect Rate Structure
During this part, you will learn best practices for evaluating your indirect rate structure and review some common pitfalls organizations may run into and how to avoid them.


Meet Your Instructor


Dan Durst is the Leader of the Federal Grants Compliance Practice at Capital Edge Consulting, the leading provider of compliance solutions for Federal award recipients. Dan uses his specialized and extensive knowledge in procurement, cost allocation, audit support, and internal controls to deliver a vast array of solutions to award recipients receiving funds from various Federal awarding agencies. Dan currently serves on the Thompson Grants Editorial Advisory Board, providing technical guidance and expert content on topics related to compliance with Uniform Guidance. He is also frequently featured as a speaker on Federal grants compliance issues for industry-recognized training organizations. Prior to joining Capital Edge, Dan was an audit supervisor and lead consultant for a member firm of the AICPA’s Government Audit Quality Center and has supervised and performed several Single Audits under both OMB A-133 and the new Uniform Guidance, Subpart F. Dan holds a Bachelor of Science degree in Accounting with a minor in Information Technology and a Masters of Business Administration with a concentration in Accounting from George Mason University.