True Cost for Sustainability and Impact

In this session, you will learn about the concept of indirect cost, why indirect cost matters, and how you can maximize your opportunities.  As the diversity of state, local government, and nonprofit services has increased, the true cost of delivering a service has become increasingly difficult to determine. Most of the time, this blurring of costs across different programs has been because of uncertainty about indirect cost and how to apply this important concept.

With the Uniform Grants Guidance in effect, knowing and understanding your true cost is important. What is the difference between direct and indirect costs? How does an organization calculate indirect cost to ensure maximum reimbursement? Does this even matter given the availability of the de minimis indirect cost rate?

This session will discuss common problems related to indirect cost and their solutions.  Attendees will learn how, by leveraging an indirect cost rate, true costs can be made defensible and fully understandable.  Following this session, you will be able to define indirect cost, distinguish between a cost allocation plan and an indirect cost rate, and identify the ways your organization can use indirect cost for its Federal awards and subawards.

This session is recommended for all attendees.  No prerequisites for attendance exist, and no advanced preparation is required.  The program level is basic.  Attendees can earn up to 2.0 hours of CPE credit in the field of specialized knowledge (nonprofits and government) for completing this session.

Fiscal Grants Management