Presented by Kimberly Konczak, HdL Companies and Nicolie Lettini, eCivis

Maximizing and sustaining revenue is more important now than ever. Fiscal Recovery Funds and Federal Grants are a chief source of revenue across the board for state, local, and tribal governments. Agencies spend on average 30-40% of total program cost in indirect cost to support federally funded grant programs. However, much of this indirect cost ends up being subsidized by the General Fund. It is critical that agencies understand their true costs in order to support their programs long-term.

Learning Objectives:

• Understanding indirect cost rates is a crucial step in sustaining federally funded programs.

• Dispelling the myth that by leveraging a NICRA on a federal award means that the program isn’t receiving 100% of the funding.

• Having a NICRA means more than just reimbursement for indirect costs – it can be used to meet match requirements on future grants, it allows for maximizing administrative caps, and it positions agencies in a favorable way to funders.