Cost-share (also called “match“) is the part of the federally-sponsored project or program that is not paid for by the federal government. “Cost sharing or matching means the portion of project costs not paid by Federal funds (unless otherwise authorized by Federal statute). See also § 200.306 Cost sharing or matching.” From 2 CFR Part 200 […]
Best Practices
14 Grant Fraud Warning Signs: Which Are You Ignoring?
No one wants to think the “unthinkable” could happen at their organization. But waste, fraud, and abuse of grant funds happen daily across the over $1+ trillion in federal grants awarded annually. So how can you avoid becoming a victim of grant fraud? The first step is being aware of the warning signs. Fraud: Watch […]
How to Create Written Procurement Procedures from Scratch
The requirement for written procurement procedures is part of the Uniform Guidance that many federal grant recipients have been slow to implement. So if you are wondering how to create the “dreaded” written procurement procedures manual from scratch, don’t worry. We have created a roadmap for success on this federal grant requirement. Written Procurement Procedures […]
How to Write a Corrective Action Plan
What if you were certain the world was coming to an end, and it wasn’t? If you followed the disturbing story of the Hawaiian missile alert sent in error, you probably are glad you weren’t there for the “This is not a drill” emergency drill! Yikes! Things (obviously) didn’t work as expected! The Associated Press (AP) […]
3 SIMPLE WAYS TO PREVENT GRANT EMBEZZLEMENT
You see it on the news all too frequently. Funds are embezzled from grants awarded by the federal government, and taxpayer dollars are lost to grant embezzlement. Furthermore, embezzlement has an extremely negative impact on the grantee organization. Trust is broken, professional reputations are tarnished, and there is a predictable loss of public support. The […]
3 Little Known Factors That Can Affect Your Single Audit
When you manage federal grants, you must understand the requirements to have a successful Single Audit. After all, the goal of the Uniform Guidance regulations is to make sure that money spent on Federal grants is only for: • Allowable activities • Allowable goods and services But three little-considered factors also affect your Single Audit. […]