With the onset of COVID-19, grants now comprise a large portion of state and local revenue. Today, public-sector entities are still administering and distributing their own share of the $150 billion provided to state and local governments as part of the Coronavirus Relief Fund. To administer, manage, and track this influx of funding, governments are turning to grant management... more
In our last blog discussing indirect costs, we focused on the top FAQs that come up for grants administrators and public servants in general. One thing that we didn’t cover, however, is distinguishing between your cost allocation plans vs. your indirect cost proposals.
With another fiscal year coming to a close, deadlines are looming, reports are due, and leaders want to see ROI on grant projects they’ve invested in. The problem is it’s incredibly difficult to track grant performance. It’s even more difficult to showcase grant performance and impact in relation to organizational goals.
In last week’s blog, we covered three ways to survive the next fiscal year. The common denominator? Indirect costs. And while many organizational or grant leaders may wonder what these have to do with maximizing funding, the reality is indirect costs already exist and you cannot operate without them. Think of your payroll, IT services, human resources, and any of your administrative... more
We’ve entered the fall season. And for grants administrators, we know what that means. It’s the time for preparing indirect cost rates, which are due six months after the close of the fiscal year. For many grant professionals, it can be a stressful time, especially as the current fiscal year closes out–with reporting on grants and other programs due.
If you’re still wondering how to properly report on your grants from the Coronavirus Relief Fund (CRF), you’re not alone. Many other government entities are in the same boat.
The Office of Management and Budget just made a host of important updates to sections of OMB Guidance for Grants and Agreements (Title 2 CFR), which are effective November 12, 2020. Some have already gone into effect as of August. These revisions aim to reflect the shift outlined in the President’s Management Agenda in setting the stage for enhanced, results-oriented accountability... more