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ForwardIntermediate Federal Cost Principles, Particular Areas of Interest and Risk within the Selected Items of Costs
Pursuant to the Cost Principles set forth at 2 CFR Part 200, Subpart E, grantees must ensure all of their costs are allowable, including that they are (1) necessary and reasonable to performance of a particular award or operation of their organization, (2) adequately documented, and (3) consistent with the requirements set forth in the “selected items of cost.”
Certain cost categories within the selected items of cost garner more grant recipient interest or entail more risk than others. Examples of such areas include: treatment of paid time off, the line between allowable outreach costs and unallowable public relations costs, what circumstance can render legal expenses unallowable, what supporting documentation is necessary for incentive compensation paid to employees, and more.
In this webinar, Feldesman attorneys Edward (“Ted”) Waters and Scott S. Sheffler will address key areas of interest and risk within the selected items of cost. This webinar is a useful companion webinar to Feldesman’s The Allowable Cost System and Cost Allocation and Indirect Cost Rates webinars.
Please note: This webinar is offered as a complimentary product to all Federal Grants Training Membership subscribers. For more information on our Federal Grants Training Membership, click here or contact us.
The on-demand version of this webinar will be available for purchase after the conclusion of the live webinar.
Target Audience
- CEOs/Directors CFOs/Controllers/Fiscal Staff
- Compliance Officers and Staff
- Program and Project Managers
- Other Grants Management Staff
Learning Objectives
After this webinar, you will be able to:
- Identify key risk areas within the selected items of cost and how to mitigate risk through relevant policies and procedures
- Conservatively clarify interpretation of regulatory standards in certain selected items of cost where the regulatory text presents some ambiguity
- Strategically evaluate how to address more complicated cost items when such costs will be charged in whole or in part to a federal award.
Scott Sheffler
Scott Sheffler is a Partner with the firm in the Federal Grants and Health Care practice groups. He advises clients on matters of federal grant law, government contract law, and health care law. Scott assists clients with the myriad requirements that apply upon acceptance of federal grant funding, including the administrative requirements and cost principles established in the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), the Office of Management and Budget (OMB) Circulars that preceded the Uniform Guidance, and program-specific statutory and regulatory funding conditions. [Full Bio]
Ted Waters
Ted Waters has served as Managing Partner of the firm since 2003, and as a member of the Health Care and Federal Grants practices since 1992. Ted is a national authority in the area of federal grants, particularly in the health and community service spheres. He advises clients on all aspects of program requirements, including issues such as cost-based reimbursement, governance, grant administration, cost reporting, and administrative issues and routinely handles challenging issues such as government audits, internal investigations, and litigation. Ted's priority is to help each organization carry out its mission by offering practical, down-to-earth counsel and to ensure that legal challenges do not distract from that focus. [Full Bio]
Participants can earn up to 1.80 CPE credits in Specialized Knowledge and Applications upon completion of all course requirements.
ATTENDEE REQUIREMENTS FOR CPE CREDIT
If you purchase CPE credit for this webinar you must satisfy the following conditions in order to receive your certificate:
- Answer at least 6 of the polling questions during the webinar
- Complete the evaluation survey after the conclusion of the webinar or in the follow-up email
Upon completion of these requirements, we will email you your CPE Certificate within two (2) weeks.
ADDITIONAL INFORMATION
- Prerequisites: None
- Target Audience: CEOs/Directors, CFOs/Controllers/Fiscal Staff, Compliance Officers and Staff, Program and Project Managers, and other Grants Management Staff
- Advanced Preparation: None
- Program Level: Intermediate
- Delivery Method: Group Internet Based
- Attendance Requirements: In order to be awarded the full credits, you must respond to six (6) out of eight (8) polling questions.
Feldesman Leifer LLP 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 www.nasbaregistry.org (formerly www.learningmarket.org).
Available Credit
- 1.50 Certificate of Attendance
- 1.80 CPEFTLF 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.
Price
Access to the recorded version of this webinar is included in your purchase.
You will have access to the recordings for 180 days after enrollment. Once posted to your account, you can view each webinar anytime on-demand during the access period identified in your purchase confirmation. For additional information on viewing and accessing webinars, view our full terms and conditions here.
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