What are the differences between direct and indirect costs associated with federal grants and contracts? This episode, REDW National Tribal Practice Leader Wes Benally and Audit Senior Manager Mike Dierlam are providing answers to the top questions about indirect costs, like:
- What is an indirect cost rate?
- What is the negotiation process?
- What type of entities are eligible for the indirect cost?
- How long might it take to process indirect cost rates?
- How are indirect costs calculated?
- And more…
Tune in to catch valuable insights from REDW’s trusted advisors. We’d love to connect with you. Ask a question or start a conversation when you contact us.
REDW LLC is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!
Meet Your Hosts:
Wesley Ryan Benally, CPA
Principal and National Tribal Practice Leader
As the leader of REDW’s National Tribal Practice, Wes is committed to improving financial literacy throughout Indian Country. He oversees audits of a wide range for Native American communities, state and local government agencies, and non-profits, nationwide and is a member of the Arizona State Board of Accountancy’s Peer Review Oversight Advisory Committee and serves as an instructor with Arizona State University’s American Indian Policy Institute.
Mike Dierlam, CPA
Audit Senior Manager, Audit & Assurance
Mike has a passion for serving tribal governments and enterprises and has spent more than 10 years serving tribes as an auditor and consultant. He is a dedicated manager of financial statement audits and Uniform Guidance audits for tribal governments and tribal enterprises. Mike holds a Master of Accounting & Financial Management and a Bachelor in Business Administration from the University of Alaska, Anchorage. He is an enrolled member of the Cherokee Nation.
Compensation Studies—Your Key to Hiring & Retaining Top Talent.
It’s important to attract—and retain—the best employees to ensure the long-term success and sustainability of your tribal organization. And given an exceptionally competitive labor market and the usual budget constraints, this means basing your employee compensation and benefits programs on relevant and reliable data.
More from Insight in Indian Country
- Paving the Way for Growth: NMSCPA 2nd Annual Tribal ConferenceWes Benally is joined by fellow REDW Principals Victor Flores and Chris Henderson to touch on conference topics including tribal economics, entrepreneurship, and impact investing with native-owned businesses.
- Reducing Risks in Retirement Plan Management with Paul Madrid, CPA®, CFP®, AIFA®This episode, Wes Benally and Paul Madrid discuss the Tribal fiduciary role and reducing risk in the management of employer-sponsored retirement plans.
- A Leader’s Journey in Tribal Finance with Hattie Mitchell, CPA, CFE, Prairie Band Potawatomi NationHattie shares her journey as a professional and member of the Prairie Band Potawatomi Nation with REDW National Tribal Practice Leader and show host, Wes Benally. She discusses her background and the inspiration she drew from her family’s involvement in tribal finance…
- Rewards of an Accounting Career with Colaine Curtis (Diné), MBAColaine shares her journey as a Diné woman in the accounting profession, discussing her early career working for tribal organizations, transition to public accounting, and the rewards and challenges of her work.
- Safeguarding Data: Navigating Cybersecurity FundingRecent nationwide efforts for Tribal Nations to access FEMA cybersecurity grant funding were met with challenges during the application process, preventing some Tribes from receiving critical funding.
