When it comes to reducing the risk of fraud and misuse of taxpayer funds, grant managers should watch out for the great “blame game” hoax that often accompanies the misappropriation of funds and concealing grant fraud. Committing fraud is a deliberate action; efforts to conceal that fraud are also just as deliberate. The 3 Ingredients in the Grant Fraud Triangle Concealing […]
How Safe is Your Grant from an $8 Million Mistake?
CivilBeat.com reported HUGE grant mistakes that forced the U.S. Department of Housing and Urban Development (HUD) to request the City of Honolulu to repay nearly $8 Million in Federal Community Development Block Grant funds that were sent to a non-profit organization that serves the elderly. The multi-year investigation revealed numerous grant mistakes with managing federal […]
7 Warning Signs of Waste, Fraud and Abuse
We know that waste, fraud and abuse cost the Federal government billions of dollars each year. But do you know the signs? Here are seven warning signals of waste, fraud, and abuse to help you spot potential risks to your Federal grant. 7 Warning Signs of Waste, Fraud, and Abuse #1 Unethical Relationship Example: The bidder […]
How Safe is Your Grant from Fraud?
Effective grant management includes preventing, monitoring, and detecting circumstances that set the stage for grant fraud to take place. 3 Key Elements for Grant Fraud In order for fraud to occur three key elements are always in place: #1: Opportunity (Can I get away with it?) #2: Motivation (Do I want it?) #3: Rationalization (Do […]
How to Create a Financial Management Manual from Scratch
When it comes to financial management with federal grants, it seems like you have to become a Uniform Guidance “Master” to figure out what the requirements are. Even if you consider yourself a problem-solver, 2 CFR Part 200 is “peppered’ with an overwhelming list of documentation requirements centered around, payment management, property management, record retention […]
Grant Management: Theft of Grant Funds
Unthinkable? The direct theft of grant funds? If you read the headlines, you know that misuse and theft of federal grant funds happen with frightening regularity. We believe that most organizations do not intend to misuse funds and put processes into place to avoid the risk of unintentional misuse of funds. But what should you […]