Why I Should Attend?

A negotiated Indirect Cost Rate Agreement is a requirement for Indian tribes to receive funding for administrative overhead costs. Tribal organizations depend on revenues from their indirect cost rate agreements to fund administrative and other support services for their contract and grant programs. Tribes that are unable to complete their annual audits are not able to negotiate indirect cost rate agreements. Some tribes have old indirect cost rate agreements that do not reflect true tribal overhead costs. 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.

Sample Topics Include:

  • Preparing Indirect Cost Rate Proposals:
    • Details of what is included in a proposal
    • Frequently missing information.
  • Practical Issues:
    • Tying to the audit
    • SEFA Schedule
    • Supplementary Audit Schedules
    • How to book indirect expenses
    • What happens if you do not receive indirect cost funding
    • What really happens in a negotiation.
  • Contract Support Cost Policies of BIA and IHS
  • Ramah-Navajo Settlement (and other settlements) & how it affects your rates.
  • Case Studies (Preparing an Indirect Cost Rate Proposal) Using NBC-accepted templates.

Who Should Attend?

This course is designed for Tribal Administrators, Finance Directors, Accountants, Accounting Specialists, Bookkeepers, Program Managers, CPAs, Consultants & those responsible for completing Annual Audits and Indirect Cost Rate Agreements. Federal Awarding Officials and Grants Officers will also benefit from this course.

What Will I Learn?

  • Federal fiscal and audit rules under OMB Circular A-87, Cost Principles, and A-133, Single Audit Act; and the New Rule.
  • Rules on preparing Cost Allocation Plans and Indirect Cost Rate proposals
  • How Indirect Cost Rates work
  • Different types of Indirect Cost Rates
  • Special Indirect Cost Rate options
  • How to tie your rates to your audits
  • What Indirect Cost Shortfall means
  • And much more!

More importantly, you will learn how to develop your own Indirect Cost Rate Proposals, without having to rely on costly outside help.