Indirect Rate Recovery for Non-Profits & Pass-Through Entities

Overview

Our session will include a discussion regarding indirect rate strategies for cost recovery.  We will cover negotiating indirect rates with pass-through entities and alternative indirect cost recovery methods. A look at applying the PPP Loan Forgiveness credit.  Understanding the definition of sub-awards and the MTDC allocation base, and where best  to allocate bonus expense.  Included in this session will be a selected review of the Uniform Guidance FAQs regarding indirect rates for States and Municipalities, as well as recently issued FAQs that impact indirect rates and cost recovery.
 

Highlights

• Indirect rates
• Sub-recipient relationship with PTEs
• PPP loan forgiveness credit
• The District of Columbia and MD laws on settlement of indirect rates with PTEs
• 10% de mnimis rate vs. indirect rate negotiation

Prerequisites

None

Designed For

Public accountants, CFO, Director of Finance, Comptroller, Controller, Accounting Manager, Grants compliance, grants administrator, director of grants, executive director, auditors performing Single Audits.

Objectives

• Learn about the benefits of using indirect rates,
• Understanding the limitations of the 10% de minimis indirect rate,
• How to work with your Pass-Through Entity (PTE) to negotiate an indirect rate,
• Dealing with grant close-out and resolving indirect rates,
• What some municipalities and state governments have done to ensure the opportunity to negotiate an indirect rate in lieu of the 10% de minimis indirect rate, and
• Problematic cost issues with sub-recipients.

Preparation

None

Notice

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Accounting Continuing Professional Education Network (ACPEN).