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
- “Tribal Finance Is Much More Than Just Budgeting.” Inside OSU’s Tribal Finance & Accounting Certificate with Lindsey RayWhat does it take to truly prepare a professional to work in Tribal finance and governance? For Lindsey Ray, Senior Tribal Programs Manager at Oklahoma State University, the answer started with a needs assessment, a gap in the market, and a partnership that grew into something much bigger than anyone expected.
- “We’re all fighting for our people.” Economic Growth, Diversification, and the Future of Indian Country with Chris JamesChris speaks candidly about the role gaming has played as a transformational economic driver — and why Tribes are increasingly looking beyond it to federal contracting, technology, agriculture, tourism, and citizen entrepreneurship.
- “We’ve got to generate revenue for the nation.” How DDC Is Winning in Federal IT for the Navajo Nation with Austin TsosieWhat does it look like when a Tribally-owned enterprise deliberately goes off the reservation to generate economic returns for its Nation? Austin Tsosie, CEO of Diné Development Corporation (DDC) — the Navajo Nation’s 8A federal contracting arm — joins host Wes Benally to answer exactly that.
- “It’s their country and you’ve got to respect that.” Leadership & Cultural Respect with Principal Chief Geoffrey Standing BearWes Benally sits down with Principal Chief Geoffrey Standing Bear of the Osage Nation for a profound conversation about leadership, cultural respect, and the journey that shaped one of Indian Country’s most experienced leaders.
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