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 […]
compliance training
What is an Advance?
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 […]
7 Basics of Internal Control Grant Managers Should Know
So you got a federal grant Internal Control . Are you wondering what comes next? One part of managing your federal awards is to make sure that your organization has strong internal controls in place Internal Control . So, if you are feeling a little uncertain about what that means to you, I put together […]
What the IG Report on the FBI and DOJ Can Teach Us About Internal Controls
Next week I will be speaking 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 […]
How to Create a Grant Management Manual From Scratch
You’ve may have heard about it Grant Management. The new grant regulations are making risk assessment of Federal award recipients a requirement for Federal agencies prior to awarding any grants. In fact property documentation of your federal grant processes has become more important than ever! One of the reasons for this is that the concept […]