INDIRECT COST RATE PROPOSALS $680.00
Why I Should Attend?
Administrative Costs, Overhead Costs, or Indirect Costs is a cost of doing business. It is a cost tribes and tribal organizations incur in operating the tribe and when operating programs. To cover their indirect costs, tribes must develop and negotiate Indirect Cost Rate Agreement with the federal government to be applied to their federal and non-federal awards. Tribes that are unable to complete their annual financial audits are not able to negotiate indirect cost rate agreements. Some tribes have old indirect cost rate agreements that do not accurately reflect true tribal overhead costs. Many federal agencies, by regulation, cannot provide funding for outdated Indirect Cost Rate Agreements. It is important that tribes and tribal organizations learn how to prepare their own Indirect Cost Rate Proposals instead of relying on outside accountants. The Office of Management & Budget issued new rules, commonly referred to as the “Super Circular” affecting tribal indirect cost rates. The Bureau of Indian Affairs and Indian Health Service also issued their Contract Support Cost Policies addressing Contract Support Costs (Indirect Costs) and how they can comply with full payment provisions in the Indian Self-Determination Act. Many tribes are not aware of Contract Support Cost policies so they are not able to take full advantage of additional funding for their programs such as Direct Contract Support Costs.
Who Should Attend?
Tribal administrators, tribal chief finance officers, tribal finance and accounting staff, program directors and managers. The course is highly recommended for federal awarding officials, and program managers.