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Intro to Indirect Costs (with Consultation)


Date: July 20, 2020
Time: 12:30 p.m. EDT; 11:30 a.m. CDT; 10:30 a.m. MDT; 9:30 a.m. PDT; 8:30 a.m. AKDT
Duration: 3 Hours, plus One-on-One Consultation
Location: ONLINE - VIRTUAL TRAINING
Tuition:   $425

Attend this LIVE, ONLINE TRAINING presented by our expert, who will be using all the interactive training tools used in the classroom and more. Youíll be able to ask questions, respond to polls, and collaborate with others. Donít let anything interrupt your training needs. Join us online and experience a different way of learning! Please click here for Virtual Training FAQs.

Join us for a three-hour virtual training where youíll uncover the basics of indirect costs and understand how indirect costs impact your tribal program, as well as how your indirect cost rate will be calculated. This class will give you the confidence of greater oversight and control of your tribeís financials.

At the conclusion of this virtual training, attendees are invited to opt-in to a private one-on-one consultation with our expert instructor, John Friel, CPA. Registrants are encouraged to ask additional questions to gain insight into important guidelines for preparing indirect cost rate proposals or to discuss problems surrounding indirect costs. Please contact us at information@falmouthinstitute.com or call 1-800-992-4489 to schedule your consultation.

T O P I C S   I N C L U D E
Calculating the Rate
  • Impact of different rates
  • BIA and IHS P.L. 93-638 contract support costs versus other federal agency indirect costs
  • Changes in the indirect cost pool and base
Indirect Cost Pool
  • Personnel
  • Council costs and the 50% Rule:
    • Legal costs
Direct Cost Base
  • Exclusions:
    • Capital items
  • Contractual:
    • Legal fees
  • Pass-through:
    • Use of the chart of accounts
  • Other:
    • Property taxes
    • Distorting items
    • Minimal administrative effort
Salary Base Versus Direct Cost Base
Carry-Forward Schedule
  • Mechanics
  • Over versus under recovery
  • Managing the carry-forward schedule
How to Calculate How Much Indirect Cost Programs Would Pay
Questions and Answers

*Topics subject to change.

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