Enrollments for this webinar is closed. If you are interested in this topic we have reprised this webinar as a two-part series which is available for purchase here. Part I of the webinar series took place on September 5, 2019, and Part II is scheduled to occur on October 10, 2019.

This webinar is part of FTLF's Federal Funding Academy series and discusses cost fundamentals as they pertain to the expenditure of funds by federal grant recipients.

The federal rules relating to allowable costs, cost allocation, and indirect cost rates are conceptually straightforward, but sometimes hard to apply to real-world business structures and scenarios. 

This session will start with the foundation of cost allowability, including both the basic threshold requirements for all allowable costs, and the concepts behind the more specific restriction applied to certain expenditures under the federal cost principles “selected items of cost.” Then, we will move on to the importance of allowability for expenditures made with program income, as well as the extent to which the government may have an interest in certain amounts obtained through refunds, rebates, and other returns as “applicable credits.” 

Other key topics will include:

• The “allowable cost” framework applicable to grant-funded expenditures;
• “New” requirements and flexibilities set forth in the Uniform Guidance;
• The de minimis rate and requirements for passthrough-entities related to subrecipient rates; and
• The role of federally approved indirect cost rate agreements.