An advance for a federal grant is a payment method where the funder pays the non-Federal entity in advance of spending the grant funds. (Doesn’t that sound better than waiting for a reimbursement?) § 200.3 Advance payment. Advance payment means a payment that a Federal awarding agency or pass-through entity makes by any appropriate payment […]
Training and Development
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 […]
When it comes to federal grant management, these terms award, subaward and contract are NOT interchangeable. And when grant recipients AND funders and federal regulations seem to use them in that way it is SLOPPY communication.
Let’s look at the term “Award” for the purposes of federal grant recipients. A federal “award” means grants, cooperative agreements, cost reimbursement contracts and other agreements between the federal government and a non-federal entity such as a: State Government Local Government Indian Tribal Government Non-profit Organization Institution of Higher Education (IHE) Here is the definition […]
“It’s not fair!” This cry is not just for toddlers and politicians. The federal government also jumps in the mix when it comes to federal grants. The Uniform Guidance (2 CFR Part 200) requires grant recipients to include small, women and minority-owned businesses in federal spending. A $4.85 Million Dollar Grant Management Mistake I recently […]
Transparency in the News Transparency has been in the news a lot lately! It might even feel like that expecting transparency with federal funding is the norm. In truth, the focus on transparency for federal grants is a relatively new development from being able to track spending on USASpending.gov to reporting executive compensation on the […]