Grant Cost Rules Certification: 2 CFR 200 Mastery

Master 2 CFR 200. Avoid or pass a federal grant audit.

In 2024, nonprofits are undergoing audits of their compliance with Uniform Guidance (2 CFR 200). Under these federal grant rules, you must comply with the complex requirements for making, tracking, and documenting purchases. You must avoid missteps to protect your agency and its funding.

Spending federal grants in only allowable ways is a top responsibility of nonprofit leaders. To help you address the must-know rules, best practices, and hard-to-find tools, we have arranged a three-session certification series:

Grant Cost Rules Certification: 2 CFR 200 Mastery

Session 1: Allowable Costs

• Strings attached to federal grant funds
• U.S. government cost principles
• Responsibilities of financial officers, project managers, and project partners to manage the use of grant funds
• Building budgets
• Purchasing decisions and expenditures
• Audit preparation

Session 2: Indirect Cost Rates And Cost Allocation Issues: Best Practices Under 2 CFR 200

• Best practices for documenting indirect cost activities
• Federal rules for cost allocation
• Indirect cost rates and entity types
• Typical areas of focus for government auditors

Session 3: Advanced Indirect Cost Allocation: Optimizing Your Preparation And Reducing Risks

• Specific examples of how to apply the indirect cost
  allocation rules
• Preferred rate types
• Appropriate use of the de minimis 10% rate
• Direct cost base options
• Pooling indirect costs
• Negotiating a federal rate