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FTLF: COST ALLOCATION AND INDIRECT COST RATES
Thursday, September 24, 2020, 1:00 PM - 2:15 PM EDT
Category: Partner Events

Partner Events

 

 



COST ALLOCATION AND INDIRECT COST RATES


One of the most challenging compliance obligations of federal grantees is ensuring that they charge only “allocable” costs to their federal awards.  At its core a very straight-forward concept, in practice cost allocation can prove a complex endeavor.  From direct allocation, through cost allocation plans, and federally approved indirect cost rate agreements, an understanding of cost allocation principles aids grantees in efficiently and properly recovering project costs from the federal government.  Join FTLF Partner Scott S. Sheffler to build from cost allocation basics to intermediate allocation concepts, examine practical examples, and walk through the indirect rate agreement negotiation process.

After this webinar, you will be able to:

  • Understand the purpose of, and core standards applicable to, cost allocation under the
    federal cost principles.
  • Identify key compliance risks in the cost allocation framework and strategies to address them.
  • Discuss the purpose and nature of indirect cost rate agreements, how they are negotiated with
    the federal government, and how they are to be used once executed.