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Governmental Accounting and Auditing Update Conference 2017


GAE1730 - De minimis vs. NICRA: Creating an Indirect Cost that Works for You


Aug 8, 2017 4:00pm ‐ Aug 8, 2017 5:15pm

Standard: $49.00

Description

Indirect cost rates seem complicated but that does not have to be the case. Tom Kodiak, Strategic Coordinator and warranted Grants Officer at Department of State will discuss the pros, cons, and how-to’s of the De minimis vs. the NICRA. This participant engaged session includes real-world examples of four different indirect cost structures to show impacts on prime grantees, subawards, and pass-through organizations. Discussion involves how to negotiate with auditors and preparing justification for cognizant Federal bodies.

Learning Objectives

This course will be a discussion on different entity types and how to build an appropriate indirect administrative structure that properly allocates costs for the organization. A clear and defendable administrative cost structure is crucial to winning grant proposals, passing OIG and A-133 audits, and ensuring that the organization has the administrative resources required to ensure appropriate control over grant funding.

  • To understand modified total direct cost calculations and the impact of passing grant funding to subrecipients and contracts and how to properly reflect those administrative structures on the SF-424 documents and budgets for both the prime and sub-recipient.
  • Examples of org structures that will help guide clients in their approach to NICRA negotiations or the de minimis request and the flexibilities allowable under Omnicircular 2 CFR 200.

I present this course from the Federal view, but given I have performed dozens of NGO headquarters reviews and administrative analysis of indirect costs, I provide real-word pros and cons of the different structures in order to give participants the tools to advise as well as craft an indirect structure that works best for their organization or clients.

Speaker(s):

  • Tom Kodiak, MBA, MIM, Strategic Coordinator, U.S. Department of State

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