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 aka the Uniform Guidance […]
2 cfr part 200
How to Create a Financial Management Manual from Scratch
Do you consider yourself a problem-solver? 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. In truth, 2 CFR Part 200 is “peppered’ with documentation requirements centered around financial management, payment management, property management, record retention and […]
What is a Federal Award?
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 […]
10 Areas of Grant Risk to Consider
It’s the nightmare scenario! Picture grant funds flying out the door with seemingly little or no oversight? (Remember the “bad” part of the ARRA funding days in 2009?) The stories in the press certainly give the impression that good grants frequently go bad as you witness headline after headline talking about grant mismanagement and the […]
How to Create Written Procurement Procedures from Scratch
The requirement for written procurement procedures is part of the Uniform Guidance that many federal grant recipients have been slow to implement. So if you are wondering how to create the “dreaded” written procurement procedures manual from scratch, don’t worry. I have created a roadmap for success on this federal grant requirement. Written Procurement Procedures […]
Seven Ways to Improve Grant Management-Part II
In my last post: Seven Ways to Improve Grant Management Part I, I looked share grant management resources you. These suggestions from various Office of the Inspectors General (OIG) on how to improve management of your grant. In this second part of our series, I expand on their suggestions by looking at monitoring, performance measurements […]