The Nuances of Costs in Federal Grants

Federal grant management is complicated, and compliance is further compounded when factoring in all of the pieces that impact your budget. Allowable, unallowable, direct, and indirect costs – it all becomes a jumble. During this webinar, we will break down the basics of costs, review allowable versus unallowable costs, and provide a simple understanding of indirect cost calculation using the de minimis rate. We’ll have some examples to test your knowledge. Join us to gain clarity on how to better manage your federal grant funds.

Learning Objectives:

• Participants will receive a general overview of the basic components of grant costs
• Participants will do a deep dive into 2 CFR 200 Subpart E and allowability of costs in federal awards
• Participants will be able to review cost line items and determine allowability
• Participants will receive an overview of indirect costs and MTDC calculation
• Participants will understand the basics of cost documentation and best practices to minimize risk