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.
Learning 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.
Major Topics
- 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
