February 13, 2020
The first webinar of the series will provide participants with an overview of the impact of UG on indirect rates and allocations for preparing a nonprofit indirect cost rate proposal. The presenters will provide definitions of direct vs. indirect costs, explain the new 10% de minimis indirect rate, and provide guidance on extending negotiated indirect rates. This session includes proposed changes to indirect rates under Uniform Guidance.
Topics
- The de minimis 10% indirect rate
- Extending existing negotiated indirect rates
- Direct cost allocation principle
- Direct charging of administrative personnel
- Unallowable costs plus interest refunded to agencies
- What to do with indirect rates with unallowable costs
- New onerous certifications
- What has not changed but with new citations for rate negotiations and the (4) allocation methods
- OMB CFO Council/Council on Financial Assistance Reform (COFAR) interpretations
Slide Deck
Recording
Speakers
Paul H. Calabrese | Principal, Outsourced Accounting & Advisory Services
Tricia Katebini, CPA, MBA | Senior Manager, Audit