Spending money on a grant-funded project happens all the time as we help our beneficiaries and we seek to achieve our nonprofit’s mission. However, federal grant funds come with many strings attached, like program rules, laws and even our own nonprofit’s policies. But, even if we’re following all of those practices correctly – we still have to be perfectly compliant with a pesky set of grant rules that the U.S. government calls the ‘Cost Principles.’ These rules apply not only to our CFO and financial officers, but to our project managers, as well as our project partners when they are spending some of the federal grant funds we receive! So, this raises THE key question: Are we spending federal grant funds correctly – 100% of the time? Are we consistently following the federal grant cost principles as we build budgets, spend funds, make purchasing decisions and prepare for our next audit?
Please join Rex L. Porter as he takes a detailed look at the structure of our common cost principles found in 2 CFR 200 and also guides us through best practices in planning, decision-making and documentation of our grant funded costs. Regardless of whether your nonprofit has a CFO or controller – knowing the rules and how best to use them – is an essential core part of modern federal grant management for all of us during the age of accountability!
WHAT YOU’LL LEARN
Just a sampling of what this webinar will cover:
- Where to find, access and understand our contemporary cost principles
- What 10 key standards move a cost from being ‘iffy’ to being fully ‘allowable’
- How to use the essential steps of the ‘Locate – Interpret - Apply’ decision-making cycle
- Who is responsible at your nonprofit for ensuring all costs are allowable charges
- What are key elements of adequate documentation you and your auditor will look for
- AND MUCH MORE!
YOUR CONFERENCE LEADER
Your conference leader for “Allowable Grant Costs: Best Practices for Avoiding Cost Disallowances” is Rex L. Porter. Rex is the principal and founder of Porter Group LLC, a premier national federal grant funding and compliance consultant service that serves nonprofits across the country. During his 25-year career in federal grants management Rex has served as a federal grants official, grant funded organization executive director and local government project manager. These experiences prepared him for his role as a sought after federal grants compliance expert. His current practice supports nonprofits and local governments stay compliant with the ever changing and complex world of federal grant rules – especially 2 CFR 200.
Rex is a retired Air Force officer who worked extensively with federal funded grants and contracts. His degrees include a master of business administration, master of science in systems management and he is certificated in nonprofit management and holds federal certificates in program and contract management. Through his Porter Group LLC consulting firm, Rex annually helps dozens of nonprofits and local government officials by conducting compliance risk assessments, building better internal controls for grants compliance and creating and delivering unique and compelling training materials.
An avid hiker, Rex and his wife enjoy the environment and scenery around their Scottsdale, Arizona home and he considers traveling and spending time with family his two favorite hobbies. He enjoys giving back to his community. On any given night Rex might be found doing pro bono searches for grant funds or helping a local nonprofit improve their grant practices.
NonprofitWebAdvisor.com QUALITY COMMITMENT
NonprofitWebAdvisor, a division of DKG Media, LP, wants you to be satisfied with your webinar. If this webinar does not meet your expectations, email us at email@example.com.
CERTIFICATES OF PARTICIPATION
NonprofitWebAdvisor certificates of participation are available to everyone completing this webinar.