The Uniform Guidance has been updated! The revised regulations contain numerous changes that will affect how federal grant recipients and subrecipients, including community action agencies, administer their federal funds. Join CAPLAW for a webinar about the changes and the potential impacts for the community action network.
On April 26, 2024, DOL published a Final Rule on Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees (the “Final Rule”). In this webinar, CAPLAW will discuss the Final Rule, impacts the changes could have on CAAs, and any new developments related to its implementation. Please register here to attend this important session.
CAPLAW discusses these key changes and more in this news alert: DOL Increases Salary Level for FLSA Overtime Exemption
With the effective date of the updated Uniform Guidance fast approaching, the increase in the de minimis rate from 10% to up to 15% of modified total direct costs invites the question: should a CAA elect to use the new de minimis rate? To help CAAs understand the new de minimis rate and other related adjustments to the Uniform Guidance that impact cost recovery, CAPLAW is hosting this two-part webinar series with financial expert Kay Sohl.
Part 1 of the series will explain the updates to the de minimis rate option and how it compares to other methods of cost recovery, such as negotiated indirect cost rates and direct cost allocation plans. We will describe how CAAs can assess and consider whether a de minimis rate of up to 15% makes sense for them, and present common de minimis rate-related issues that confront CAAs as recipients of multiple sources of federal, state, and local funding.
With the effective date of the updated Uniform Guidance fast approaching, the increase in the de minimis rate from 10% to up to 15% of modified total direct costs invites the question: should a CAA elect to use the new de minimis rate? To help CAAs understand the new de minimis rate and other related adjustments to the Uniform Guidance that impact cost recovery, CAPLAW is hosting this two-part webinar series with financial expert Kay Sohl.
Part 2 will focus on practical examples that illustrate the application of the rate and potential challenges discussed in Part 1, such as when specific funding sources impose limits on administrative cost recovery. We will also spend time answering questions posed in Part 1 as well as in Part 2 with the goal of helping CAAs think through their cost recovery strategies and approaches in light of the changes to the Uniform Guidance.