So you got a federal grant. And that means lots of internal controls requirements. Are you wondering what that means – really? A primary “must” for managing your organization’s federal awards is strong internal controls. So, if you are feeling a little uncertain about what that means to you, here are the basics of internal […]
Best Practices
How to Create a Grant Management Manual From Scratch
You may have heard about the need for grant management documentation. Because there is a lot of risk around federal funding… That’s why the federal grant regulations make a risk assessment of federal award recipients a requirement for federal agencies before to awarding any grants. Proper documentation of your federal grant processes has become more important […]
New Procurement Rules Clarified By OMB
On August 13, 2020, the Office of Management and Budget (OMB) implemented statutory changes to 2 CFR Part 200, including updates to the procurement standards related to micro-purchases, sole source procurements, and contract provisions for federal grant recipients. Federal award recipients should be aware of these changes and have updated their procurement policies accordingly. These […]
How to Select the Best Types of Contracts for Grants
When managing a federal grant, one of the decisions you may need to make is what type of contract to use for procuring goods and services. And when that grant is a federal award, it becomes even more critical as the federal funding comes with rules and preferences about what types of contract you can […]
What is Cost-share or Match?
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 […]
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 […]
