Pre and Post Award Grant Management Go Together Like PB&J
Thinking Through Post Award Grant Management from a Pre Award Vantage Picture this – you work at a nonprofit and have a big, audacious project that you are looking to get off the ground. You are carefully researching different funding sources and feel strongly that federal grant funding will help provide the financial boost that […]
Understanding the Federal Grant Management Process
When organizations request support from MyFedTrainer, it is sometimes in response to audit findings or a requirement from the funding agency to create more robust internal controls. While our trainings assist organizations and agencies in developing cultures of compliance, it is important to be proactive (even before a grant is awarded) to create solid grant […]
Mini-Case Study: Lax Procedures Put Billions of Transportation Grants at Risk
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 for the High Speed […]
10 Essential Questions (and Answers) for Grant Managers-Part I
“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 Grant Guidance. In case […]
Grant Management: Do You Make These 10 Mistakes?
Sometimes, we get lost in the jargon of internal controls and grant management and forget the role of strong checks and balances in increasing trust with our funders, employees, and the general public. (I shared this message on how internal controls can increase trust with federal grants at an AICPA Not-for-Profit Industry conference in Washington.) How to […]
How to Write A Corrective Action Plan-Part II
If you are a federal grant recipient, you probably know that a lot has changed implementing 2 CFR Part 200, aka, the Uniform Guidance for grants. But you may not realize that one of the goals of this change was to reduce the number of audit findings and the need for corrective action plans. Better […]
