In a past article, we posed the question, “Do the Uniform Guidance FAQs Really Matter?” As promised, in this article, we’re going to do a deep dive into the world of indirect costs and some of the “unintended consequences” that surfaced in the FAQs from OMB. Indirect costs continue to be
I spoke at the AICPA Not-for-Profit Industry Conference on “How to Build Trust with Internal Controls.” As I began wading through the 568 pages of the DOJ Inspector General Report on the Actions by the FBI and DOJ (Yes, I am that kind of geek), I was struck by the common role
Are you facing the “Goldilocks Dilemma” of record retention? Is your record retention too much? Not enough? Or just right? Wondering which records to keep for your federal grant record-retention requirements and which ones can be tossed? (Inadequate supporting documentation is an area that gets many federal grant recipients into trouble.)
In a previous post, we looked at 6 questions you should ask to tell how safe your federal grant is from conflicts of interest. In today’s post, we’ll look at what you can do to reduce the risk of a conflict of interest affecting your organization’s federal funding. Here are 5 Ways to
Ever wish you had a crystal ball to see how the mind of Uncle Sam looks at grant funds? Think the Uniform Guidance is super complicated? Or maybe you just wish you had a checklist of what gets grant recipients into trouble and how to avoid those “speed bumps”? It may seem
Transportation grants can be at risk when procurement procedures are missing or incomplete. With all the infrastructure and transportation grants flowing of late, we decided to revisit this cautionary tale from the past. Here’s what happened… An Inspector General report highlighted the risk to over $7 billion dollars in undisbursed funds
When you work with federal grants, it’s just a matter of time before someone says, “We need the prior approval of the funder” to do this or that. But this vague term “prior approval” may leave you wondering two important questions when you manage grants: When does 2 CFR Part 200
“Do you have a format for a sub-recipient risk assessment to develop monitoring plans?” “Can you clarify if indirect dollars are subject to the procurement standards?” These are just some of the questions we received at one of our webinars with grant managers on changes to the 2 CFR Part 200 Uniform