Indirect Cost Planning, Allocation, and Rates: Comprehensive Two-Part Training Series, in two 90-minute sessions, offers an end-to-end approach to the range of key issues regarding applied indirect cost allocation, planning, and application of rates, including reporting in the new era of cost accountability under 2 CFR 200.

• Indirect Cost Rates and Cost Allocation Issues: Best Practices Under 2 CFR 200 Rules – June 11, 2019
• Advanced Indirect Cost Allocation: Optimizing Your Preparation and Risks – June 21, 2019

There will also be a summary and review of topics discussed after both sessions. The already-challenging subject of proper allocation of indirect costs becomes more complicated under 2 CFR 200. Yet this complex topic is critical to successful operation of any nonprofit that allocates indirect costs today or that hopes to in the near future. Between understanding the key indirect cost allocation standards and terms of reference in OMB’s Uniform Guidance, and applying additional federal indirect cost identification, assignment, and rate determination rules, this topic requires hand-on insights, recommendations and detailed best practices.

Please join Rex Porter, CEO of Porter Group LLC, for practical, useful insights and recommendations for understanding and applying indirect cost rates and cost allocation requirements. The contents of this two-part series provide detailed information and guidance found very few other places!

WHAT YOU’LL LEARN

Indirect Cost Planning, Allocation, and Rates: Comprehensive Two-Part Training Series includes two sessions available live and via digital download. The areas covered include:

1. Indirect Cost Rates and Cost Allocation Issues: Best Practices Under 2 CFR 200 Rules – June 11, 2019

• Changes to cost allocation and indirect cost rate requirements likely having an impact on your nonprofit
• Appropriate use of key indirect cost rate options
• Options for how your organization best allocates costs
• Necessary changes to your policies and procedures under the 2 CFR 200
• Required changes to operational systems
• Why a nonprofit might want to turn down receiving indirect cost reimbursements

2. Advanced Indirect Cost Allocation: Optimizing Your Preparation and Reducing Risks – June 21, 2019

• Rates types—how to seek other than provisional rates
• Rates—is the 10% De Minimis rate right for you
• Bases—how to use MTDC and other bases
• Pools—how to create an indirect cost pool and common elements
• Unallowable costs—how to recognize and eliminate
• Plans—can we use our own indirect rate plan to bill our funder
• NICRA—how to seek your first federal indirect cost rate
• Common indirect cost audit findings
• Complex indirect cost FAQ nonprofits and our answers