Understanding the Impact of Indirect Cost Rates on University Planning and Budgeting

Live Event: 09/30/2025 at 12:30 PM (EDT)

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CPE Available: 1 Credit in Accounting

Indirect cost rates play a crucial role in higher education budgeting, especially for research and grant-funded projects. This session will explore the fundamentals of indirect cost rates, their regulatory framework, and the potential impacts of government changes on institutional finances. You will gain practical insights into managing indirect costs, maximizing cost recovery, and using data and analytics for better financial decision-making. Whether you’re dealing with shifting regulations or striving for more efficient cost allocation, this session will offer strategies for improving transparency, compliance, and long-term planning.

Important Registration Note

>>> Already registered for the 2025 Planning, Budgeting, and Analytics Forum Online? You’re automatically registered for this session–no need to sign up again!

>>> DON'T PAY TWICE: This session is included as part of the full 2025 Planning, Budgeting, and Analytics Forum Online. If this session interests you, consider registering for the full 10-session series to maximize your learning.

Learning Objectives

Identify a range of future challenges expected to impact higher education institutions.
Design a dynamic strategic plan based on a simple but powerful strategic planning framework.
Collect and analyze the data needed to prioritize strategic initiatives.

Recording

This session will be recorded. Registrants will receive an email when the recording is available.

CPE Available: 1 Credit in Accounting

Each individual must register and attend separately to earn credit.

NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.nasbaregistry.org

Event Information

Level: Intermediate
Prerequisites: Minimum 1-2 years of experience as a professional in higher education or a related private industry.
Advanced Preparation: None
Delivery Mode: Group internet based
Field of Study: Accounting
Length: 60 minutes

Steps to Earn CPE Credit

To earn CPE credit, you must attend the webinar live. CPE credit cannot be earned for watching the recording.

After the webinar ends, you will complete the following steps under the Content tab:

Pass the CPE codeword quiz. Write down the codewords posted in the Zoom chat at random times throughout the webinar and complete the quiz at the end of the webinar.
Submit the CPE check-out code displayed at the end of the webinar.
Download your CPE certificate.

You have until 5 pm Eastern Time on October 1, 2025 to complete these three steps or report technology issues with this site to online@nacubo.org.

For more detailed instructions, review the CPE Instructions page.

Liz Clark

Vice President, Policy and Research

NACUBO

Liz LaPolt Clark is vice president for policy and research at NACUBO and a member of the NACUBO executive leadership group. She has been widely quoted in the press and is a sought-after speaker on how Washington politics and federal policies impact higher education. Clark got her start on Capitol Hill opening Cornell University's first Washington, DC-based federal relations office. Also in her career, she has led federal affairs for the State University of New York (SUNY) System and for Oregon State University. At NACUBO, she heads the team responsible for analysis of federal regulatory and legislative actions, research, and communications.

Sue Menditto

Senior Director, Accounting Policy

NACUBO

Sue Menditto is NACUBO’s expert on financial accounting and reporting, managerial analysis, and financial viability. She is charged with fulfilling higher education advocacy needs with the GASB, FASB, AICPA, and Department of Education. She was appointed to the IPEDS Finance Survey Workgroup in August 2023 as one of its financial reporting experts. She has also represented higher education on the Governmental Accounting Standards Advisory Council (2006–2012), AICPA’s Revenue Recognition Task Force (2016–2017), and the Department of Education’s financial responsibility subcommittee (2017–2018).

Menditto informs the association’s research efforts on accounting issues, endowment management, and tuition discounting; writes member communications: news, advisories, accounting tutorials, and articles; and supports members’ professional development needs by providing subject matter guidance. She has also co-authored chapters of publications addressing accounting, public health, and analytics and regularly speaks on accounting and financial management topics at conferences.

Menditto began her career in public accounting, was a CFO and Controller for a not-for-profit organization, and a vice president for Bank of America where she specialized in change management and accounting policy. She holds degrees in psychology and accounting and is a certified public accountant.