The perfect storm of grant waste, fraud, and abuse can turn a dream award into a nightmare when you are managing your grant. Managing Your Grant – When Good Grants Go Bad A recent example had a former Grant Administrator sentenced for stealing over $160,000 in grant funds. The grant funds were intended to support […]
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Examples of an Effective Compliance Program
In our last post, we looked at 4 tips for operating an effective grant management compliance program. In this post, let’s expand our understanding by looking at some examples of what an effective compliance program looks like. 4 Elements of an Effective Grant Management Compliance Program Effective grant management compliance programs include these four core […]
4 Tips for Operating an Effective Compliance Program
Wondering how to keep your compliance program “fresh?” Grant management compliance programs, like many other types of programs governed by regulations, too often put together and then relegated to their place next to the potted plant on top of the four-drawer file. However for compliance programs to be effective, they must remain “fresh” by being […]
The Minimalist Guide to Internal Controls
Here is the minimalist guide to internal controls: Just remember 3-5-7. Let’s face it, understanding internal controls is critical to continued grant funding. A lack of well-developed internal controls can lead to costs being disallowed and even suspension and debarment from future grants. Does it seem overwhelming? Look at our simplified approach of 3-5-7. The […]
Inspector General Finds Unallowable Grant Costs
“Repay the unallowable costs!” That is the result no grant manager wants to hear, especially with federal funding. So, I speak a lot about keeping federal grants from being unallowable grant costs in terms of strong internal controls. Let’s shift gears and look at a real-life case study from the Office of the Inspector General […]
In the Beginning-MyFedTrainer.com
To honor our first 10 years as one of the premier federal grant management training companies, I pulled this post out of moth-balls that I wrote when I first started the company.