The Minimalist Guide to Internal Controls
Here is the minimalist guide to internal controls: Just remember 3-5-7. Let’s face it, understanding internal controls is critical to continued grant funding. A lack of well-developed internal controls can lead to costs being disallowed and even suspension and debarment from future grants. Does it seem overwhelming? Look at our simplified approach of 3-5-7. The […]
7 Basics of Internal Control Grant Managers Should Know
So you got a federal grant. And that means lots of internal controls requirements. Are you wondering what that means – really? A primary “must” for managing your organization’s federal awards is strong internal controls. So, if you are feeling a little uncertain about what that means to you, here are the basics of internal […]
Don’t Do These 3 Things When Managing Your Grant
The perfect storm of grant waste, fraud, and abuse can turn a dream award into a nightmare when you are managing your grant. Managing Your Grant – When Good Grants Go Bad An example of good grants going bad include a former Grant Administrator sentenced for stealing over $160,000 in grant funds. The grant funds were […]
Are You Thinking About the New Grant Regulations…But Not Taking Action?
OMB announced new grant regulations back in August 2020. So, let me ask you this: Are you the go-to person at your organization for grant management? Do you feel sure of yourself and ready to manage your programs according to the new grant guidance? If you feel a little unsure of what this means to […]
3 Tips: Don’t Get Blindsided by Program Income
Today we’re looking at three tips, so you aren’t blindsided by program income related to conference registration fees when managing your Federal grants. We’ve dug into the grant management “mailbag” for some common problems encountered in the “real-world” by “real-life” grant managers, just like you! A grant manager writes: Question: “Where Do We Put Revenue […]
$7 Million Repayment Blues: City Readies Payback for Lack of Grant Management
A few years back I wrote a case study about mismanaged federal grant funds from a highly critical audit report criticizing a lack of grant management. The Baltimore Brew reported that the City of Baltimore was preparing to repay nearly $7 million in federal funding from a $9.5 million federal award earmarked to serve the […]
