Posts tagged with "grants management"

Nonprofit Finance Certificate-Effective Financial Management and Leadership-Day 1

Through a unique collaboration, this high-quality, innovative, and affordable continuing education course will help you meet your professional goals. This seminar is designed for mid-level and upper-level nonprofit leaders and those aspiring to leadership positions in all areas of the nonprofit sector. No background in financial management is required. Each day will qualify for 6 hours of continuing education or CPE credits.

Financial position, robustness, and flexibility are all areas that are vitally important for effective nonprofit leadership. Leaders in nonprofit organizations must understand the drivers of these components of financial strength in order to be successful in pursuing their organizational missions. This seminar will provide participants with a strong foundation in the following topics:

09:00 to 09:30 Welcome and Introductions
09:30 to 10:30 Accounting Basics
10:30 to 10:40 Break
10:40 to 11:40 Developing Financial Policies and Procedure
11:40 to 11:50 Break
11:50 to 12:50 Effective Grants Management and Cost Allocations
12:50 to 01:30 Lunch
01:30 to 02:30 Nonprofit Accounting Software
02:30 to 02:40 Break
02:40 to 03:40 Nonprofit Tax Compliance
03:40 to 03:50 Break
03:50 to 04:50 Overlooked Benefits of Outsourced Accounting
04:50 to 05:00 Wrap up and Question and Answer Session

We are pleased to provide you with financial management training and leadership of the key major finance areas in this hand-on practical training and workshop. Day 1 will focus on the essential financial functions of your finance department. Day 2 will focus of financial leadership responsibilities and governance roles to be performed by your nonprofit organization.

Registration is $495 per day or $990 for both days. Please ask us about discounts available for multiple attendees from the same organization.

Nonprofit Finance Certificate-Effective Financial Management and Leadership-Day 1

Through a unique collaboration, this high-quality, innovative, and affordable continuing education course will help you meet your professional goals. This seminar is designed for mid-level and upper-level nonprofit leaders and those aspiring to leadership positions in all areas of the nonprofit sector. No background in financial management is required. Each day will qualify for 6 hours of continuing education or CPE credits.

Financial position, robustness, and flexibility are all areas that are vitally important for effective nonprofit leadership. Leaders in nonprofit organizations must understand the drivers of these components of financial strength in order to be successful in pursuing their organizational missions. This seminar will provide participants with a strong foundation in the following topics:

09:00 to 09:30 Welcome and Introductions
09:30 to 10:30 Accounting Basics
10:30 to 10:40 Break
10:40 to 11:40 Developing Financial Policies and Procedure
11:40 to 11:50 Break
11:50 to 12:50 Effective Grants Management and Cost Allocations
12:50 to 01:30 Lunch
01:30 to 02:30 Nonprofit Accounting Software
02:30 to 02:40 Break
02:40 to 03:40 Nonprofit Tax Compliance
03:40 to 03:50 Break
03:50 to 04:50 Overlooked Benefits of Outsourced Accounting
04:50 to 05:00 Wrap up and Question and Answer Session

We are pleased to provide you with financial management training and leadership of the key major finance areas in this hand-on practical training and workshop. Day 1 will focus on the essential financial functions of your finance department. Day 2 will focus of financial leadership responsibilities and governance roles to be performed by your nonprofit organization.

Registration is $495 per day or $990 for both days. Please ask us about discounts available for multiple attendees from the same organization.

Nonprofit Finance Certificate-Effective Financial Management and Leadership-Day 1

Through a unique collaboration, this high-quality, innovative, and affordable continuing education course will help you meet your professional goals. This seminar is designed for mid-level and upper-level nonprofit leaders and those aspiring to leadership positions in all areas of the nonprofit sector. No background in financial management is required. Each day will qualify for 6 hours of continuing education or CPE credits.

Financial position, robustness, and flexibility are all areas that are vitally important for effective nonprofit leadership. Leaders in nonprofit organizations must understand the drivers of these components of financial strength in order to be successful in pursuing their organizational missions. This seminar will provide participants with a strong foundation in the following topics:

09:00 to 09:30 Welcome and Introductions
09:30 to 10:30 Accounting Basics
10:30 to 10:40 Break
10:40 to 11:40 Developing Financial Policies and Procedure
11:40 to 11:50 Break
11:50 to 12:50 Effective Grants Management and Cost Allocations
12:50 to 01:30 Lunch
01:30 to 02:30 Nonprofit Accounting Software
02:30 to 02:40 Break
02:40 to 03:40 Nonprofit Tax Compliance
03:40 to 03:50 Break
03:50 to 04:50 Overlooked Benefits of Outsourced Accounting
04:50 to 05:00 Wrap up and Question and Answer Session

We are pleased to provide you with financial management training and leadership of the key major finance areas in this hand-on practical training and workshop. Day 1 will focus on the essential financial functions of your finance department. Day 2 will focus of financial leadership responsibilities and governance roles to be performed by your nonprofit organization.

Registration is $495 per day or $990 for both days. Please ask us about discounts available for multiple attendees from the same organization.

Nonprofit Finance Certificate-Effective Financial Management and Leadership-Day 1

Through a unique collaboration, this high-quality, innovative, and affordable continuing education course will help you meet your professional goals. This seminar is designed for mid-level and upper-level nonprofit leaders and those aspiring to leadership positions in all areas of the nonprofit sector. No background in financial management is required. Each day will qualify for 6 hours of continuing education or CPE credits.

Financial position, robustness, and flexibility are all areas that are vitally important for effective nonprofit leadership. Leaders in nonprofit organizations must understand the drivers of these components of financial strength in order to be successful in pursuing their organizational missions. This seminar will provide participants with a strong foundation in the following topics:

09:00 to 09:30 Welcome and Introductions
09:30 to 10:30 Accounting Basics
10:30 to 10:40 Break
10:40 to 11:40 Developing Financial Policies and Procedure
11:40 to 11:50 Break
11:50 to 12:50 Effective Grants Management and Cost Allocations
12:50 to 01:30 Lunch
01:30 to 02:30 Nonprofit Accounting Software
02:30 to 02:40 Break
02:40 to 03:40 Nonprofit Tax Compliance
03:40 to 03:50 Break
03:50 to 04:50 Overlooked Benefits of Outsourced Accounting
04:50 to 05:00 Wrap up and Question and Answer Session

We are pleased to provide you with financial management training and leadership of the key major finance areas in this hand-on practical training and workshop. Day 1 will focus on the essential financial functions of your finance department. Day 2 will focus of financial leadership responsibilities and governance roles to be performed by your nonprofit organization.

Registration is $495 per day or $990 for both days. Please ask us about discounts available for multiple attendees from the same organization.

Nonprofit Finance Certificate-Effective Financial Management and Leadership-Day 1

Through a unique collaboration, this high-quality, innovative, and affordable continuing education course will help you meet your professional goals. This seminar is designed for mid-level and upper-level nonprofit leaders and those aspiring to leadership positions in all areas of the nonprofit sector. No background in financial management is required. Each day will qualify for 6 hours of continuing education or CPE credits.

Financial position, robustness, and flexibility are all areas that are vitally important for effective nonprofit leadership. Leaders in nonprofit organizations must understand the drivers of these components of financial strength in order to be successful in pursuing their organizational missions. This seminar will provide participants with a strong foundation in the following topics:

09:00 to 09:30 Welcome and Introductions
09:30 to 10:30 Accounting Basics
10:30 to 10:40 Break
10:40 to 11:40 Developing Financial Policies and Procedure
11:40 to 11:50 Break
11:50 to 12:50 Effective Grants Management and Cost Allocations
12:50 to 01:30 Lunch
01:30 to 02:30 Nonprofit Accounting Software
02:30 to 02:40 Break
02:40 to 03:40 Nonprofit Tax Compliance
03:40 to 03:50 Break
03:50 to 04:50 Overlooked Benefits of Outsourced Accounting
04:50 to 05:00 Wrap up and Question and Answer Session

We are pleased to provide you with financial management training and leadership of the key major finance areas in this hand-on practical training and workshop. Day 1 will focus on the essential financial functions of your finance department. Day 2 will focus of financial leadership responsibilities and governance roles to be performed by your nonprofit organization.

Registration is $495 per day or $990 for both days. Please ask us about discounts available for multiple attendees from the same organization.

Nonprofit Finance Certificate-Effective Financial Management and Leadership-Day 1

Through a unique collaboration, this high-quality, innovative, and affordable continuing education course will help you meet your professional goals. This seminar is designed for mid-level and upper-level nonprofit leaders and those aspiring to leadership positions in all areas of the nonprofit sector. No background in financial management is required. Each day will qualify for 6 hours of continuing education or CPE credits.

Financial position, robustness, and flexibility are all areas that are vitally important for effective nonprofit leadership. Leaders in nonprofit organizations must understand the drivers of these components of financial strength in order to be successful in pursuing their organizational missions. This seminar will provide participants with a strong foundation in the following topics:

09:00 to 09:30 Welcome and Introductions
09:30 to 10:30 Accounting Basics
10:30 to 10:40 Break
10:40 to 11:40 Developing Financial Policies and Procedure
11:40 to 11:50 Break
11:50 to 12:50 Effective Grants Management and Cost Allocations
12:50 to 01:30 Lunch
01:30 to 02:30 Nonprofit Accounting Software
02:30 to 02:40 Break
02:40 to 03:40 Nonprofit Tax Compliance
03:40 to 03:50 Break
03:50 to 04:50 Overlooked Benefits of Outsourced Accounting
04:50 to 05:00 Wrap up and Question and Answer Session

We are pleased to provide you with financial management training and leadership of the key major finance areas in this hand-on practical training and workshop. Day 1 will focus on the essential financial functions of your finance department. Day 2 will focus of financial leadership responsibilities and governance roles to be performed by your nonprofit organization.

Registration is $495 per day or $990 for both days. Please ask us about discounts available for multiple attendees from the same organization.

Nonprofit Finance Certificate-Effective Financial Management and Leadership-Day 1

Through a unique collaboration, this high-quality, innovative, and affordable continuing education course will help you meet your professional goals. This seminar is designed for mid-level and upper-level nonprofit leaders and those aspiring to leadership positions in all areas of the nonprofit sector. No background in financial management is required. Each day will qualify for 6 hours of continuing education or CPE credits.

Financial position, robustness, and flexibility are all areas that are vitally important for effective nonprofit leadership. Leaders in nonprofit organizations must understand the drivers of these components of financial strength in order to be successful in pursuing their organizational missions. This seminar will provide participants with a strong foundation in the following topics:

09:00 to 09:30 Welcome and Introductions
09:30 to 10:30 Accounting Basics
10:30 to 10:40 Break
10:40 to 11:40 Developing Financial Policies and Procedure
11:40 to 11:50 Break
11:50 to 12:50 Effective Grants Management and Cost Allocations
12:50 to 01:30 Lunch
01:30 to 02:30 Nonprofit Accounting Software
02:30 to 02:40 Break
02:40 to 03:40 Nonprofit Tax Compliance
03:40 to 03:50 Break
03:50 to 04:50 Overlooked Benefits of Outsourced Accounting
04:50 to 05:00 Wrap up and Question and Answer Session

We are pleased to provide you with financial management training and leadership of the key major finance areas in this hand-on practical training and workshop. Day 1 will focus on the essential financial functions of your finance department. Day 2 will focus of financial leadership responsibilities and governance roles to be performed by your nonprofit organization.

Registration is $495 per day or $990 for both days. Please ask us about discounts available for multiple attendees from the same organization.

FTM Nonprofit Forum on April 29, 2020 – Effective Grants Management and Cost Allocation

Nonprofit Forum Agenda                                                                                                                                             Register

11:30 to 12:30-Effective Grants Management and Cost Allocation

How should you perform your grants management and cost allocation responsibilities?   We will describe the best practices for these responsibilities.  Please bring your questions so we can have a candid and productive conversation.

We will cover the critical aspects of grants management and cost allocation including:

  • General grants management requirements
  • Governance requirements for grants administration
  • Review Uniform Grant Guidance
  • Internal control and financial management system requirements for federal awards
  • Schedule of Expenditures of Federal Awards and associated audit requirements
  • Cost Allocation methodologies including examples
  • Cost Allocation plan requirements
  • Best practices for grant budget financial management
  • Best practices for grant reporting and reconciliations
  • Performing an effective grant close out
  • How to use your accounting system to perform grants management role?
  • How to maximize your grant reimbursement?
  • What are signs that grants management role is not being performed?

How should you as leader evaluate your various options?  We will share our expertise and candid advice to better prepare you for these complex decisions.

3 Key Things you will learn include:

  • What are best practices for performing grants management role effective?
  • What are federal compliance grants management requirements?
  • What are signs that grants management role is not being performed correctly?

Those attending the forum will receive handouts.

12:30 to 12:50-MIP User Group-Grants Management and Cost Allocation refresher using MIP

12:50 to 1:00-FTM Updates and Closing

What you should know about preparing your Schedule of Expenditures of Federal Awards (SEFA)?

Not-for-profit organizations often seek out grants and other awards in order to provide the necessary funding for their programs. It is important to know the source of all grants and awards as well as the requirements of the U.S. Office of Management and Budget’s (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Final Rule (Uniform Guidance). In this article we will explore a small but very important part of the Uniform Guidance requirements: The Schedule of Expenditures of Federal Awards (SEFA).

What is the SEFA and How is it Used?

In its simplest form, the SEFA is a financial statement schedule that lists an organization’s expenditures of federal assistance for the fiscal year by federal agency, grant number and amount. It is the organization’s (auditee’s) responsibility to prepare a complete and accurate SEFA, which is a key component of the reporting package required under the Uniform Guidance. The SEFA is also used by external auditors to determine the required procedures and test work under the Uniform Guidance.

How to Accumulate the Data for the SEFA

Every grant and award received needs to be evaluated in order to determine the funding source.  A checklist or standard intake form should be used to document every individual grant/award (even those that do not appear to be federally sourced). This process may involve some research, as the funding source may not be obvious in the grant/award paperwork.

  • All grants/awards should be reviewed in detail to determine if they contain any special provisions (for example, some awards require they be treated as major programs, even though they might not otherwise qualify as such).
  • If the grant/award contains federal funding, the organization will obtain the following: name of the federal agency, award period, Catalog of Federal Domestic Assistance (CFDA) number.
  • The grant/award should also be researched to determine if it is part of a cluster (including research and development) or a federal loan program.
  • If the grant/award is passed through to/ from a subrecipient, the organization will obtain the pass-through entity identifying number.

Gathering this information is time consuming, and obtaining the name and contact information of the program manager can be invaluable.

Prior to the grant/award becoming operational, the organization should review the OMB Compliance Supplement’s Matrix of Compliance Requirements. For every federally funded grant/award, personnel should be assigned for each area of compliance. Expenditures must be tracked for each individual grant/award. The accounting system must be set up to capture this information, and individuals must be established to assign expenses to each grant/award.

How to Prepare a Complete and Accurate SEFA         

If the organization has a good system of accumulating data for grants/awards, preparation of the SEFA should not be difficult. It is simply a matter or organizing the data in the appropriate format. The draft SEFA should be reviewed for the following:

  1. Are all awards sorted by federal program and agency?
  2. If received through a subrecipient, is the name and number of pass-through entity included?
  3. Review Uniform Guidance for clusters of awards. Are the federal programs within that cluster all separately identified within the cluster?
  4. Are Research and Development awards totaled by federal award?
  5. Are total federal awards excluded for loan or are loan guarantee programs included?
  6. Are total federal awards provided to subrecipients by program totaled?
  7. Are the required footnotes to the SEFA prepared?
  8. If any non-federal awards are included in the SEFA, are they clearly segregated and designated as non-federal awards?

Where are Some Useful Resources?

Organizations are encouraged to review the 2017 and 2018 Uniform Guidance Compliance Supplements located at Whitehouse.gov. The AICPA’s Government Audit Quality Center provides a free resource center for auditees.

Please contact us to help you with the requirements of the Uniform Guidance. We can assist you early in the process at an organizational level. This will help assure a smooth and successful process to manage your federal funds and the related compliance requirements.

FTM Nonprofit Forum for May 29, 2019 – Effective Grants Management and Cost Allocation

Nonprofit Forum Agenda for May 29th                                                                                                                                                           Register Here

11:30 to 12:30-Financial Management Topic

Effective Grants Management and Cost Allocation

How should you perform your grants management and cost allocation responsibilities?   We will describe the best practices for these responsibilities.  Please bring your questions so we can have a candid and productive conversation.

We will cover the critical aspects grants management and cost allocation including:

  • General grants management requirements
  • Governance requirements for grants administration
  • Review Uniform Grant Guidance
  • Internal control and financial management system requirements for federal awards
  • Schedule of Expenditures of Federal Awards and associated audit requirements
  • Cost Allocation methodologies including examples
  • Cost Allocation plan requirements
  • Best practices for grant budget financial management
  • Best practices for grant reporting and reconciliations
  • Performing an effective grant close out
  • How to use your accounting system to perform grants management role?
  • How to maximize your grant reimbursement?
  • What are signs that grants management role is not being performed?

How should you as leader evaluate your various options?  We will share our expertise and candid advice to better prepare you for these complex decisions.

3 Key Things you will learn include:

  • What are best practices for performing grants management role effective?
  • What are federal compliance grants management requirements?
  • What are signs that grants management role is not being performed correctly?

Those attending the forum will receive handouts.

12:30 to 12:50-MIP User Group-Grants Management and Cost Allocation refresher using MIP

12:50 to 1:00-FTM Updates and Closing