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2024 Thompson Grants Workshop: Indirect Costs

The United States Department of Treasury has allocated over $1 trillion in American Rescue Plan dollars and $350 billion in emergency funding for CARES to various organizations across the United States. You can recover 100% of your indirect costs on the funding in addition to your direct costs. Would you want to leave this money on the table?


And what about the funding that has already been awarded? Did you recover your indirect costs?  With proven strategies, you can leverage the Uniform Guidance to your benefit and maximize your grant funding so you can impact more lives within your communities while staying in compliance.


What is the most important benefit attendees will gain through this course?
Learn why it’s important to have a negotiated indirect cost rate and the actions that are needed to be taken immediately to recover funding left on the table before it expires. If funds are not fully expensed or returned, the burden is pushed onto taxpayers.

Session 1, Negotiated Indirect Cost Rate, will cover:
✓  Benefits of having a negotiated indirect cost rate
✓  How to leverage your rate once approved
✓  Limitations of not having a negotiated indirect cost
✓  Why recovering funds left on the table is critical

Session 2, Managing Indirect Costs Under Uniform Guidance, will cover:

✓  Responsibilities as a pass-through entity
✓  Responsibilities as a sub-recipient of a pass-through entity
✓  Negotiating an indirect cost rate with a pass-through entity
✓  How both parties can work together to accomplish the mission

Presented by:

BENJAMIN SEDELMEIER

Manager, Capital Edge Consulting

Benjamin Sedelmeier has over five years of experience in supporting government contractors and Federal award recipients to address various accounting and compliance issues related to Federal government contracts, grants, and cooperative agreements. Ben’s expertise includes but is not limited to Cost Proposal Support, Financial Modeling, Contract Administration, Federal Acquisition Regulations (FAR), Cost Accounting Standards (CAS), and Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal awards to nonFederal entities (Uniform Guidance). Ben is well experienced in working with both government contractors and Federal award recipients of varying size and industry focus. Ben has complied numerous hours supporting clients with the development of indirect rate structures and forensic investigative analyses.
Ben has assisted clients with Business Systems Compliance, Policy and Procedure Development, Indirect Cost Rate Proposal Development, Indirect Rate Structure Assessment, Subrecipient Monitoring Support, Audit Support, and Risk Assessment, Audit Findings Remediation, Procurement System Compliance, Internal Controls Assessment, and other regulatory compliance matters.

LEVI ZIELINSKI, CPA

Manager, Capital Edge Consulting

Levi Zielinski is a Manager with Capital Edge Consulting, Inc., based in the company’s Pittsburgh, PA office. Levi has over a decade of experience in addressing various accounting and compliance issues related to Federal government grants, and internal control assessments. Levi’s expertise includes Federal Acquisition Regulations (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), FAR Cost Principles, and Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal awards to non-Federal entities (2 CFR 200, Uniform Guidance).
Professional Experience: Levi is well experienced in working with government contractors and Federal award recipients of varying size, complexity, and industry focus in the areas of accounting and internal controls. Levi has also supported clients with Business Systems Compliance, including risk assessment and Policy and Procedure Development. He has also assisted clients with Subrecipient Monitoring, Audit Support, Audit Findings Resolution, and other regulatory compliance matters.
Prior to joining Capital Edge, Levi was an audit manager for Maher Duessel, CPAs, a member of the AICPA’s Government Audit Quality Center. While at Maher Duessel, CPAs, Levi supervised and performed audits over both not-for-profit and governmental entities, including Single Audits under both OMB Circular A-133 and Uniform Guidance, 2 CFR 200, Subpart F (Single Audit).
Professional Affiliations: Levi is a registered CPA with the Pennsylvania Board of Accountancy. He is also a member of the Pennsylvania Institute of Certified Public Accountants (PICPA) and the American Institute of Certified Public Accountants (AICPA).