Course 8: New Considerations for Indirect Cost Recovery. Is Your Current Indirect Cost Allocation Strategy Right for Your Organization?

One of the major benefits afforded by the implementation of Uniform Guidance is the ability for award recipients to negotiate indirect cost rates with the Federal government. However, with the recent increase to the De Minimis rate election, some award recipients may struggle with determining which strategy will provide the most value to their organizations. Unfortunately, many organizations still have not taken full advantage of the benefits afforded to them under Uniform Guidance. We live in a time where Federal budgets are shrinking and indirect rates are under increased scrutiny. It has never been more important for award recipients to ensure they are efficiently recovering their fair share of administrative costs on Federal awards while giving the appropriate amount of consideration for the administrative burden that indirect rate implementation can create. If “Set-It-And-Forget-It” is your organization’s current strategy for indirect cost recovery this session is for you! In this session, we will examine the updates to the De Minimis rate, the Appendices to 2 CFR 200, and learn how to utilize these changes to optimize your organization’s current cost recovery practices.

Learning Objectives:

• • Benefits of having a Negotiated Indirect Cost Rate Agreement
• • Understanding Who can pursue Federally approved Indirect rates
• • Understanding How to leverage your rates once approved
• • Best Practices for evaluating your indirect cost recovery practices
• • Updates to Uniform Guidance