Applying Your Indirect Cost Rate at Centers for Independent Living (1.5 Hours)

Training Source: 
ILRU
Presenter(s): 
John Heveron
Paula McElwee
Beginning Date: 
03/22/2017
Type of Training: 
On-demand

About the Training

Your CIL has an approved indirect cost rate from the US Department of Health & Human Services.  This training will show you how to apply and use your indirect cost rate. The presenters walk through how to prepare drawdowns and vouchers, how to monitor your rate through the year, and how to resolve variations in actual expenses. If implementing the rate has been difficult or raised questions, this training is perfect for you.

Target Audience

CIL and SILC executive directors, financial and program managers, and other staff involved in accounting and management of CILs receiving federal awards.

Learning Objectives

Upon completion of this training, participants will know:

  • How to prepare drawdowns and vouchers using your indirect cost rate.

  • What documentation you should have for drawdowns and vouchers.

  • How to determine whether you are on target with your indirect cost rate and what to do if you are not.

  • What will happen if your provisional indirect rate is too low or too high.

  • How to simplify annual indirect cost rate reporting.

  • If you elected the 10% de minimis rate, how will that affect you.

View the Training (01:28:23)

Transcript and Resources

Other Resources on CIL Financial Management