One of the most misunderstood concepts in federal grants management is indirect cost recovery. How does a federally funded organization recover costs that do not benefit a particular grant or subgrant exclusively but are nonetheless necessary for the overall operation of the recipient or subrecipient? The related policy rules now contained in OMB’s Uniform Guidance have been relatively straightforward for years. Because of how those policies interact, many RDOs still face complications as they try to get awarding agencies to bear their fair share of the costs of operating federal grant programs.
This session will drill down on the policy details and describe in practical terms how they affect the preparation and approval of indirect cost documentation and the acceptance and audit of resulting indirect cost allocation plans and rates.
This webinar is offered through the Economic Development District Community of Practice (EDD CoP), managed by the NADO Research Foundation. To learn more, visit: www.nado.org/EDDCoP. The EDD CoP is made possible through an award from the U.S. Economic Development Administration, U.S. Department of Commerce (ED22HDQ3070106). The statements, findings, conclusions, and recommendations are those of the presenter(s) and do not necessarily reflect the views of the U.S. Economic Development Administration or the U.S. Department of Commerce.
September 2024
Open to the selected cohort. Email Joe D’Antonio for information about the program at
[email protected].
Join us for a conversation describing effective strategies for engagement between EDDs and Tribal governments in the regions they serve. This webinar, hosted by NADO and the First Nations Development Institute, will introduce attendees to our Community of Practice Tribal Engagement content series and feature a panel with peer EDD leaders discussing their experience collaborating […]
The wealth creation framework known as WealthWorks seeks to build multiple types of capitals or assets in a community or region. This approach, recognized as a best practice in EDA’s CEDS Content Guidelines, emphasizes local ownership and control of businesses and assets in order to root wealth in a region. It is also intentionally inclusive, […]
One of the most common questions asked in organizations like RDO’s that expend federal grant funds is “Can we charge this to our grant?” The initial but often unsatisfactory answer is “It depends.” What it depends upon are the federal cost principles that are applicable to those grant awards when a grant or subgrant agreement […]
October 2024
One of the most misunderstood concepts in federal grants management is indirect cost recovery. How does a federally funded organization recover costs that do not benefit a particular grant or subgrant exclusively but are nonetheless necessary for the overall operation of the recipient or subrecipient? The related policy rules now contained in OMB’s Uniform Guidance […]
“Do we have to get bids?” is a frequently asked question at a federally funded recipient or subrecipient organization. The federal rules apply to grant-funded purchases of supplies, equipment, services, travel, and construction. The procurement standards contained in OMB’s Uniform Guidance (2 CFR 200.317-327) assume that a recipient or subrecipient already has policies for purchasing […]
The NADO Annual Conference is a highly anticipated event that brings together industry leaders, policymakers, and professionals from across the country to explore new ideas, share best practices, and discuss emerging trends in community and economic development.
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