OasisLMS

The 15% de minimis indirect cost rate may sound simple, but applying it correctly requires an understanding of the Modified Total Direct Cost (MTDC) base. This practical session explores common areas of confusion such as knowing: (1) what costs can/cannot be included, (2) how to apply the rate correctly, and (3) why a written local policy can provide reasonable assurance to awarding agencies and auditors that the recipient is using the rate correctly.

Attendees will receive both a downloadable template to create their own one-page de minimis local policy with guidance during the presentation, and a copy of a sample rate policy for reference.

Learning Objectives:

• Distinguish direct and indirect costs when applying the de minimis indirect cost rate.
• Explain the Modified Total Direct Cost (MTDC) base and how it affects calculation of the 15% de minimis rate.
• Develop a one-page local policy or certification to support consistent application of the de minimis rate.

Presented by Karen Norris, ProcurementExpress 

Karen Norris Karen Norris is nationally recognized in the grant community as a Subject Matter Expert for Kanoco Consulting. She also works with Procurement Express who has a software application for purchasing under grants. Previously, she was a grant administrator for educational institutions, an author and managing editor at a national publisher, and currently a grant consultant. She is an experienced presenter at national conferences. She has provided testimony to the Maryland General Assembly and Congressional subcommittees.

Participants have the opportunity to earn 1 CPE credit | Field of Study: Specialized Knowledge
To be awarded the CPE credit, participants must respond to all three of the polling questions posed during the live program.

Prerequisites: A basic understanding of Indirect Costs and Modified Total Direct Cost (MTDC). 
Program Level: Intermediate
Advance Preparation: How-To Series | Modified Total Direct Cost 
Delivery Method: Group

Special Accommodations
Individuals with disabilities are encouraged to attend NGMA events. If you require a reasonable accommodation in order to participate in this event, please contact info@ngma.org at least three weeks prior to the event.

Code of Conduct & Event Policies
Attendees of NGMA virtual events agree to NGMA's virtual code of conduct.

For additional information or assistance with this event including cancellations, substitutions or other program concerns or information regarding administrative policies such as complaints, please contact info@ngma.org