Grant Financial Management
Grant Financial Management is the process of providing assistance with applying for grants, budget planning, regulatory compliance, expense tracking, and reporting.
Most organizations are managing different funding sources, so grant financial management has become a necessary part of the process. Not only are you managing different funding sources, you are managing different grant years that most often do not correlate with the organization’s fiscal year. This can make required financial reporting very difficult and time consuming, if not impossible.
Most organizations are managing different funding sources, so grant financial management has become a necessary part of the process. Not only are you managing different funding sources, you are managing different grant years that most often do not correlate with the organization’s fiscal year. This can make required financial reporting very difficult and time consuming, if not impossible.
|
COVID funding
As of October 1, 2020, roughly $2.59 trillion in new budgetary resources have been made available for federal agencies to respond to the pandemic.
The state of Colorado HB20B-1002 created two grant programs to support child care providers across the statue: the Child Care Relief Grant program and the Emerging and Expanding Child Care Grant Program. This legislation provides $45 milling in General Fund to support licensed child care in sustaining and expanding their businesses.
While keeping compliance in the forefront of any spending plans (always ask is the expenditure reasonable, necessary, and allocable), we need to think strategic about these funds and make sure the funds SUPPLEMENT NOT SUPPLANT (OMB Circular A-133 Compliance). There is so much more you can do with these funds!
Contact me to discuss a COVID spending plan.
View my blog for more resorces and ideas
As of October 1, 2020, roughly $2.59 trillion in new budgetary resources have been made available for federal agencies to respond to the pandemic.
The state of Colorado HB20B-1002 created two grant programs to support child care providers across the statue: the Child Care Relief Grant program and the Emerging and Expanding Child Care Grant Program. This legislation provides $45 milling in General Fund to support licensed child care in sustaining and expanding their businesses.
While keeping compliance in the forefront of any spending plans (always ask is the expenditure reasonable, necessary, and allocable), we need to think strategic about these funds and make sure the funds SUPPLEMENT NOT SUPPLANT (OMB Circular A-133 Compliance). There is so much more you can do with these funds!
Contact me to discuss a COVID spending plan.
View my blog for more resorces and ideas
Grant management, especially regarding finances, is crucial for any non-profit’s success. Mandy’s behind-the-scenes work with outstanding management in grants and finances is a main reason we were successful…Mandy’s strong leadership and open-minded personality made it successful, [and] she is always open to new ideas and willing to answer any question no matter how small.
Mandy is the person you want on your team to ensure you optimize all aspects of the grant to make sure your mission and goals are met.
Do you have someone to manage your grants?
Maybe it’s time for your organization to rise up! Our consultants have expert experience with all types of grants, such as large federal title funds, state formula grants, federal competitive grants, local grants, private organizations, individual grants, community partners. Contact us today.
