This webinar will cover the following topics:
• Funding provisions in the Indian Self-Determination Act regarding Direct Costs and Contract Support Costs
(Direct Contract Support Costs, Pre-Award Costs, Start-Up Costs)
• Principles of indirect costs and indirect cost rates
• How indirect cost rates work
• Types of indirect cost rates, including fixed with-carry forward, final rates and provisional rates
• What happens when funding agencies do not pay indirect costs
• What happens when tribal councils waive indirect cost rates
• Differences between Indian Self-Determination Act contracts and discretionary grants
• Special Presentation: Detailed instruction on the new BIA & IHS Contract Support Cost Policies; and how to calculate Direct Contract Support Costs to add new funds to Self-Determination awards
• Overview of new OMB regulations (2 CFR Part 200) with special focus on cost principles and single audits