Indirect Cost Rates And Allocation Under 2 CFR 200

Live Session
From $149.00
  • July 8, 2022, 2:00 pm   EST
Training Includes:
  • Certificate of Attendance
  • All resources and training materials
  • An on-demand recording will be available after the live presentation.

Grant management expert Rex Porter will clearly explain the detailed 2 CFR 200 indirect cost rates and cost allocation requirements. You will learn unique insights that affect the core of your long-term strategies and day-to-day operations.

What You'll Learn

  • What cost allocation and indirect cost rate requirements affect your nonprofit?
  • How should you use the de minimis (10%) rate?
  • When should you apply other potential indirect cost rates?
  • What options does your organization have to allocate costs?
  • What changes to policies and procedures must you make under 2 CFR 200?
  • How must you adapt operational systems to the latest standards?
  • Why would you want to decline indirect cost reimbursements?
  • What errors are auditors looking for and finding in 2022?
When:
Friday, July 8, 2022; 2:00 PM Eastern
Scheduled for 90 minutes including question and answer period.

Training Overview

2 CFR 200 - Are you allocating indirect costs correctly? Learn the correct rates, procedures, and documentation.

On May 12, the Office of Management and Budget announced a Compliance Supplement to the uniform administrative requirements, cost principles, and audit requirements regulations. You need to understand the current rules to ensure your nonprofit is making accurate calculations and fulfilling your obligations.

Federal Uniform Guidance 2 CFR 200 has made indirect cost treatment more complicated and riskier for many nonprofits. You must apply all the federal standards for budgeting, expending, and documenting your costs.

Before you spend federal funds, you should consider the classification of costs, rate types, rate determination, and other issues. Auditors are increasingly searching for indirect cost compliance errors.

  • What cost allocation and indirect cost rate requirements affect your nonprofit?
  • How should you use the de minimis (10%) rate?
  • When should you apply other potential indirect cost rates?
  • What options does your organization have to allocate costs?
  • What changes to policies and procedures must you make under 2 CFR 200?
  • How must you adapt operational systems to the latest standards?
  • Why would you want to decline indirect cost reimbursements?
  • What errors are auditors looking for in 2022?

Who Should Attend?

  • Nonprofit chief executives

  • Executive directors

  • Board members

  • CFOs

  • Controllers

  • Legal counsel

  • Senior management

  • Financial staff

  • Program directors

  • Grant management professionals

Expert Presenter

Rex L. Porter

  • Principal and founder of Porter Group LLC, a premier national federal grant funding and compliance consulting service
  • 25-year career in federal grants management
  • Served as a federal grants official, grant-funded organization executive director, and local government project manager
  • Retired Air Force officer
  • Holds master of business administration and master of science in systems management degrees
  • Certificates in nonprofit management, and program and contract management

See What Others Are Saying:

"I thought the presentation was well presented and detailed."

-Gene B.

"Favorite Part: Joint cost portions"

-Brad M.

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