This document discusses financial management and compliance issues for nonprofit organizations receiving federal funds. It covers internal controls, regulations from the Office of Management and Budget, best practices for grant management, types of audits conducted, grant closeout procedures, an overview of the Section 533 Housing Preservation Grant program, and an auditor's perspective on compliance requirements and testing internal controls over compliance. The key topics covered are regulations and compliance requirements for federal grants, establishing internal controls, and audit procedures to ensure proper financial management and use of funds.
The document provides information about Chicago's plans to use funding from the Neighborhood Stabilization Program (NSP) to address the foreclosure crisis. For NSP-1, Chicago targeted 25 community areas and planned to acquire and redevelop 585 vacant, foreclosed homes. For competitive NSP-2 funding, Chicago proposed investing $98 million in 12 targeted community areas to stabilize neighborhoods. The plans focused on acquiring and redeveloping REO properties, demolishing blighted homes, and ensuring affordability for rehabilitated homes.
Maurice inherited $500,000 and invested it in various assets on the advice of a financial advisor. He is now considering selling some investments and moving money between bonds. The summary provides an overview of the tax treatment of capital gains and losses, including the classification of different assets as capital or ordinary assets, what qualifies as a "sale or exchange," and how gains or losses from various transactions are treated for tax purposes. It also notes that long-term capital gains may be taxed at a lower rate than ordinary gains.
This document announces a three-day webinar on financial planning and management for cities and counties. It will cover performance-based budgeting, long-term financial planning, and resource management. Local governments are facing budget shortfalls but must also manage federal stimulus funds. The webinar aims to equip financial managers with tools to allocate these resources efficiently and justify programs. Attendees will learn budgeting, planning, and resource management techniques to deliver services with fewer funds.
The document summarizes a Cook County Pension Committee meeting that discussed Illinois Senate Bill 1673 and cash balance pension plans. SB 1673 gives state employees and retirees two options that would impact their pension benefits and retiree health insurance eligibility. It also creates a new cash balance pension plan for employees starting on or after July 1, 2013. Cash balance plans differ from traditional defined benefit and defined contribution plans in how contributions are made and benefits calculated. The committee meeting provided details on how each type of plan works.
This workshop will explore how organizations can utilize various federal, state, and private financing sources combined with innovative ideas to create affordable rural rental housing for veterans, seniors, and families. Participants will learn to analyze project cash flow, maximize private investment, leverage tax credits, and bridge financing gaps.
The document summarizes a Cook County Pension Committee meeting that discussed Senate Bill 1673 and cash balance pension plans. SB1673 creates two options for state employees and retirees that impact benefits and health care eligibility. It also establishes a new cash balance plan where contributions are placed in a notional account that earns interest credits. The meeting compared defined benefit, defined contribution, and cash balance plans on features like contributions, investment risk, and payouts. It also reviewed how Cook County, Chicago, and Illinois pension plans differ on funding status, employee contributions and COLA adjustments.
Impacts of Federal Spending Changes on DC Commercial Real Estatekottmeier
Federal spending impacts the DC region's economy and commercial real estate market. While cuts are proposed for FY2011 and FY2012, key agencies for the region like HHS saw increases in 2011. Long term trends still point to overall growth in federal budgets. The region has historically fared well even when federal spending slows as the private sector picks up. Defense remains important for Northern Virginia but the region has diversified. Federal employment declines may slow absorption temporarily but the office market typically performs well as private sector demand recovers.
The global meetings and events industry faces significant challenges in 2009 due to economic uncertainty and reduced budgets. Meeting planners anticipate a 9% decrease in meetings, 3% decrease in staffing, and 5% increase in meetings planned per planner. Suppliers expect a similar 9% decrease in supported meetings and 4% staffing decrease. Independent planners expect varying impacts by region. Organizations cancelled an average of 4.1 meetings in late 2008 and 3.4 already in 2009. Planners will focus on cost control and ROI. The industry will prioritize necessities, negotiate concessions, and build flexibility into contracts. Virtual meetings will grow in importance while face-to-face remains effective for building relationships and trust.
The document provides information about Chicago's plans to use funding from the Neighborhood Stabilization Program (NSP) to address the foreclosure crisis. For NSP-1, Chicago targeted 25 community areas and planned to acquire and redevelop 585 vacant, foreclosed homes. For competitive NSP-2 funding, Chicago proposed investing $98 million in 12 targeted community areas to stabilize neighborhoods. The plans focused on acquiring and redeveloping REO properties, demolishing blighted homes, and ensuring affordability for rehabilitated homes.
Maurice inherited $500,000 and invested it in various assets on the advice of a financial advisor. He is now considering selling some investments and moving money between bonds. The summary provides an overview of the tax treatment of capital gains and losses, including the classification of different assets as capital or ordinary assets, what qualifies as a "sale or exchange," and how gains or losses from various transactions are treated for tax purposes. It also notes that long-term capital gains may be taxed at a lower rate than ordinary gains.
This document announces a three-day webinar on financial planning and management for cities and counties. It will cover performance-based budgeting, long-term financial planning, and resource management. Local governments are facing budget shortfalls but must also manage federal stimulus funds. The webinar aims to equip financial managers with tools to allocate these resources efficiently and justify programs. Attendees will learn budgeting, planning, and resource management techniques to deliver services with fewer funds.
The document summarizes a Cook County Pension Committee meeting that discussed Illinois Senate Bill 1673 and cash balance pension plans. SB 1673 gives state employees and retirees two options that would impact their pension benefits and retiree health insurance eligibility. It also creates a new cash balance pension plan for employees starting on or after July 1, 2013. Cash balance plans differ from traditional defined benefit and defined contribution plans in how contributions are made and benefits calculated. The committee meeting provided details on how each type of plan works.
This workshop will explore how organizations can utilize various federal, state, and private financing sources combined with innovative ideas to create affordable rural rental housing for veterans, seniors, and families. Participants will learn to analyze project cash flow, maximize private investment, leverage tax credits, and bridge financing gaps.
The document summarizes a Cook County Pension Committee meeting that discussed Senate Bill 1673 and cash balance pension plans. SB1673 creates two options for state employees and retirees that impact benefits and health care eligibility. It also establishes a new cash balance plan where contributions are placed in a notional account that earns interest credits. The meeting compared defined benefit, defined contribution, and cash balance plans on features like contributions, investment risk, and payouts. It also reviewed how Cook County, Chicago, and Illinois pension plans differ on funding status, employee contributions and COLA adjustments.
Impacts of Federal Spending Changes on DC Commercial Real Estatekottmeier
Federal spending impacts the DC region's economy and commercial real estate market. While cuts are proposed for FY2011 and FY2012, key agencies for the region like HHS saw increases in 2011. Long term trends still point to overall growth in federal budgets. The region has historically fared well even when federal spending slows as the private sector picks up. Defense remains important for Northern Virginia but the region has diversified. Federal employment declines may slow absorption temporarily but the office market typically performs well as private sector demand recovers.
The global meetings and events industry faces significant challenges in 2009 due to economic uncertainty and reduced budgets. Meeting planners anticipate a 9% decrease in meetings, 3% decrease in staffing, and 5% increase in meetings planned per planner. Suppliers expect a similar 9% decrease in supported meetings and 4% staffing decrease. Independent planners expect varying impacts by region. Organizations cancelled an average of 4.1 meetings in late 2008 and 3.4 already in 2009. Planners will focus on cost control and ROI. The industry will prioritize necessities, negotiate concessions, and build flexibility into contracts. Virtual meetings will grow in importance while face-to-face remains effective for building relationships and trust.
Grant Management Standardization: What's to Come From the Federal GovernmentStreamLinkSoftware
This document outlines upcoming changes to grant management standards and regulations from the US federal government. It summarizes new laws like the Digital Accountability and Transparency Act that will standardize financial data reporting. It also discusses the Uniform Grant Guidance that will consolidate various circulars and introduce new requirements for recipients around performance, processes, data and cost consistency. Additionally, it covers the Treasury "Do Not Pay" initiative to prevent improper payments and mitigate fraud.
This document summarizes a presentation about the Uniform Guidance, also known as the "Super Circular", which consolidates and streamlines eight federal regulations into a single policy guide. The Super Circular aims to eliminate duplicative guidance, focus on performance over compliance, provide consistent treatment of costs, and strengthen oversight. It is effective December 26, 2014 and applies to new awards and additional funding to existing awards after that date. Key changes include new pre-award processes, the addition of fixed-price awards, revisions to procurement rules, changes to indirect cost rules, increased internal controls, updates to time and effort rules, and more stringent integrity rules around conflicts of interest and mandatory disclosure.
This document discusses project procurement management processes including procurement planning, solicitation planning, solicitation, source selection, contract administration, and contract close-out. It describes make-or-buy analysis and different types of contracts. Procurement planning involves determining what and when to procure from outside sources. Solicitation planning prepares requests for proposals and quotes. Source selection evaluates bids and proposals to select suppliers. Contract administration and close-out manage vendor relationships and complete contracts.
This detailed presentation gives a clear overview of the evolution of the English language throughout the ages.
Including the Old English, Middle English, Early Modern, Modern and Late Modern periods, the slideshow covers contextual elements, key features of language, key dates and examples of text for each.
Bullet points and images and a nice layout make the presentation concise and simple, while still containing a lot of information.
This presentation is suitable for English language A-level at A2 level (made for the WJEC A2 exam)
Correction: Old English example text states that the Anglo Saxon Chronicle was written in the 19th century. This is a typo - it was actually the 9th century!
Checks budget availability
create a requisition
- Checks budget availability
- Requisition is routed to
- If budget available, requisition is
Assistant for budget check
approved
- If budget available, requisition
- If not, requisition is rejected
is approved
- Requisition is routed to Buyer
- If not, requisition is rejected
Buyer:
- Requisition is routed to Buyer
- Prepares solicitation documents
- Issues solicitation
- Evaluates bids
- Awards contract/PO
- Manages contract
34
Procurement Methods
Open Competition
Limited Competition
The document provides guidance on how to teach listening skills. It discusses the importance of developing bottom-up and top-down listening approaches. It also outlines various pre-, while-, and post-listening activities teachers can use, including activating schemata, note-taking, dictation, and discussion. The goal is to help students understand the main ideas, specific details, and inferences from what they hear.
This document provides guidance on common requirements and best practices for managing grants for nonprofits. It discusses topics such as approved grant applications, budget schedules, amendments, provisions and assurances, common audit findings, federal cost principles, and allowable and unallowable costs. Guidelines are presented for maintaining adequate records, documenting expenditures, establishing proper internal controls, and ensuring costs are reasonable and allowable under the terms of the grant agreement.
Financial management is the constant process of tracking progress towards financial objectives and safeguarding the financial assets of an organization. Financial management is important to grantees and project sponsors administering federal programs for several reasons: it helps organizations budget for activities; it promotes sound and efficient operation of organizations and their programs; it serves the need for accountability to funding agencies and beneficiaries of the program(s); and it is required by law. This workshop will provide practical recommendations on managing program budgets by illustrating examples of best practices and financial tools needed to manage grants and contracts effectively.
What to expect when you're expecting... The Feds (from ETA)Timothy Theberge
A presentation prepared by the Boston Regional Office for NYATEP's Spring 2012 Conference. The presentation is designed to give Federal grantees and sub-recipients valuable insights into the Federal perspective of oversight and monitoring requirements with ETA grants.
Key Areas to Consider Regarding Grant ComplianceCBIZ, Inc.
Wilfredo Corps presented on key areas of grant compliance including classifying costs as direct or indirect, properly allocating and documenting staff time, strategies for determining unit costs, and new developments that may impact future grants administration. Some new developments proposed by OMB include focusing audit efforts on higher-risk awards, streamlining compliance requirements, strengthening audit follow-up processes, and reforming cost principles.
The document lists the various financial services provided by Lenox Personal CFO, including asset management, estate planning, insurance reviews, retirement planning, and education funding assistance. The services aim to help clients establish and achieve financial goals, maintain wealth growth over time, and efficiently distribute assets. Clients gain access to customized financial plans, ongoing guidance, and tools to help monitor their financial situation and stay on track with their long-term strategy.
The document lists the various services provided by Lenox Personal CFO, including preparation and implementation of a customized financial plan, asset management, estate planning, insurance reviews and recommendations, retirement and cash flow management, corporate benefits planning, gifting and college education planning, and alerts and alarms. The financial planning services aim to help clients establish and achieve their financial goals through comprehensive financial reviews and customized recommendations and strategies across investing, insurance, taxes, and estate planning.
The document lists the various financial services provided by Lenox Personal CFO, including asset management, estate planning, insurance reviews, retirement planning, and other services. It aims to help clients achieve financial success and maintain wealth through comprehensive financial planning and implementation support. The services include constructing a customized financial plan, executing recommendations, ongoing monitoring and alerts to help clients reach their goals and protect their assets.
The document lists the various financial services provided by Lenox Personal CFO, including asset management, estate planning, insurance reviews, retirement planning, and other services. It aims to help clients achieve financial success and maintain wealth through comprehensive financial planning and implementation support. The services include constructing a customized financial plan, executing action items, and providing ongoing access to financial advisors and alerts. The goal is to establish and reach financial goals while minimizing taxes and protecting assets.
The document lists the various services provided by Lenox Personal CFO, including preparation and implementation of a customized financial plan, asset management, estate planning, insurance reviews and recommendations, retirement and cash flow management, corporate benefits planning, gifting and college education planning, and alerts and alarms. The goal is to help clients achieve financial success and security by maintaining and protecting their wealth through comprehensive financial advising and planning.
The document lists the various financial services provided by Lenox Personal CFO, including asset management, estate planning, insurance reviews, retirement planning, and other services. It aims to help clients achieve financial success and maintain wealth through comprehensive financial planning and implementation support. The services include constructing a customized financial plan, executing action items, and providing ongoing access to financial advisors and alerts. The goal is to establish and reach financial goals while minimizing taxes and protecting assets.
The document lists the various financial services provided by Lenox Personal CFO, including asset management, estate planning, insurance reviews, retirement planning, and other services. It aims to help clients achieve financial success and maintain wealth through comprehensive financial planning and implementation support. The services include constructing a customized financial plan, executing action items, and providing ongoing access to financial advisors and alerts. The goal is to establish and reach financial goals while minimizing taxes and protecting assets.
Tips and Tools for Great Financial ManagementGreenlights
The document provides tips and tools for effective financial management. It discusses assessing critical areas for improvement, identifying key resources like accounting staff and leadership, establishing policies and procedures, creating routines like a finance calendar and checklists, and developing an effective budgeting process. It emphasizes the importance of internal reporting to provide financial facts and measurements to help leadership make decisions.
This document summarizes a webcast for not-for-profits and governments on accounting, auditing and regulatory updates. It provides information on welcoming participants, continuing professional education credits, presenters and objectives. The session will cover recent regulatory issues, impacts of new auditing standards, likely audit emphasis areas, and implementation of new accounting standards to assist with preparation for 2012 audits. It includes polling questions to gauge participants' organizations and areas of focus.
This document provides information about a 4-day certification training program on grants management. Attendees can earn up to 24 CPE credits. The training will cover understanding grant administrative requirements, managing grants and cooperative agreements, comprehending cost principles and allowability, and understanding audit requirements for grants. Completing the 4 courses is part of a two-step process to earn the Grants Management Certificate. The training is aimed at grants managers, financial staff, program officials, and others involved in grants management. On-site sponsorship opportunities are also described.
This document provides information about a 4-day certification training program on grants management. Attendees can earn up to 24 CPE credits. The training will cover understanding grant administrative requirements, managing grants and cooperative agreements, comprehending cost principles and allowability, and understanding audit requirements for grants. Completing the 4 courses is part of a two-step process to earn the Grants Management Certificate. The training is aimed at grants managers, financial staff, program officials, and others involved in grants management. On-site training and customization options are also available.
This document provides information about a Grants Management Certification Week training event taking place from October 19-22, 2009 in Washington, DC. The training will feature four interactive courses related to grants management, and attendees can earn up to 24 CPE credits. Completing the training courses is part of a two-step process to earn the Grants Management Certificate. The training will be led by Elizabeth Holden, a national consultant and trainer on organizational issues in the public, private, and nonprofit sectors.
Grant Management Standardization: What's to Come From the Federal GovernmentStreamLinkSoftware
This document outlines upcoming changes to grant management standards and regulations from the US federal government. It summarizes new laws like the Digital Accountability and Transparency Act that will standardize financial data reporting. It also discusses the Uniform Grant Guidance that will consolidate various circulars and introduce new requirements for recipients around performance, processes, data and cost consistency. Additionally, it covers the Treasury "Do Not Pay" initiative to prevent improper payments and mitigate fraud.
This document summarizes a presentation about the Uniform Guidance, also known as the "Super Circular", which consolidates and streamlines eight federal regulations into a single policy guide. The Super Circular aims to eliminate duplicative guidance, focus on performance over compliance, provide consistent treatment of costs, and strengthen oversight. It is effective December 26, 2014 and applies to new awards and additional funding to existing awards after that date. Key changes include new pre-award processes, the addition of fixed-price awards, revisions to procurement rules, changes to indirect cost rules, increased internal controls, updates to time and effort rules, and more stringent integrity rules around conflicts of interest and mandatory disclosure.
This document discusses project procurement management processes including procurement planning, solicitation planning, solicitation, source selection, contract administration, and contract close-out. It describes make-or-buy analysis and different types of contracts. Procurement planning involves determining what and when to procure from outside sources. Solicitation planning prepares requests for proposals and quotes. Source selection evaluates bids and proposals to select suppliers. Contract administration and close-out manage vendor relationships and complete contracts.
This detailed presentation gives a clear overview of the evolution of the English language throughout the ages.
Including the Old English, Middle English, Early Modern, Modern and Late Modern periods, the slideshow covers contextual elements, key features of language, key dates and examples of text for each.
Bullet points and images and a nice layout make the presentation concise and simple, while still containing a lot of information.
This presentation is suitable for English language A-level at A2 level (made for the WJEC A2 exam)
Correction: Old English example text states that the Anglo Saxon Chronicle was written in the 19th century. This is a typo - it was actually the 9th century!
Checks budget availability
create a requisition
- Checks budget availability
- Requisition is routed to
- If budget available, requisition is
Assistant for budget check
approved
- If budget available, requisition
- If not, requisition is rejected
is approved
- Requisition is routed to Buyer
- If not, requisition is rejected
Buyer:
- Requisition is routed to Buyer
- Prepares solicitation documents
- Issues solicitation
- Evaluates bids
- Awards contract/PO
- Manages contract
34
Procurement Methods
Open Competition
Limited Competition
The document provides guidance on how to teach listening skills. It discusses the importance of developing bottom-up and top-down listening approaches. It also outlines various pre-, while-, and post-listening activities teachers can use, including activating schemata, note-taking, dictation, and discussion. The goal is to help students understand the main ideas, specific details, and inferences from what they hear.
This document provides guidance on common requirements and best practices for managing grants for nonprofits. It discusses topics such as approved grant applications, budget schedules, amendments, provisions and assurances, common audit findings, federal cost principles, and allowable and unallowable costs. Guidelines are presented for maintaining adequate records, documenting expenditures, establishing proper internal controls, and ensuring costs are reasonable and allowable under the terms of the grant agreement.
Financial management is the constant process of tracking progress towards financial objectives and safeguarding the financial assets of an organization. Financial management is important to grantees and project sponsors administering federal programs for several reasons: it helps organizations budget for activities; it promotes sound and efficient operation of organizations and their programs; it serves the need for accountability to funding agencies and beneficiaries of the program(s); and it is required by law. This workshop will provide practical recommendations on managing program budgets by illustrating examples of best practices and financial tools needed to manage grants and contracts effectively.
What to expect when you're expecting... The Feds (from ETA)Timothy Theberge
A presentation prepared by the Boston Regional Office for NYATEP's Spring 2012 Conference. The presentation is designed to give Federal grantees and sub-recipients valuable insights into the Federal perspective of oversight and monitoring requirements with ETA grants.
Key Areas to Consider Regarding Grant ComplianceCBIZ, Inc.
Wilfredo Corps presented on key areas of grant compliance including classifying costs as direct or indirect, properly allocating and documenting staff time, strategies for determining unit costs, and new developments that may impact future grants administration. Some new developments proposed by OMB include focusing audit efforts on higher-risk awards, streamlining compliance requirements, strengthening audit follow-up processes, and reforming cost principles.
The document lists the various financial services provided by Lenox Personal CFO, including asset management, estate planning, insurance reviews, retirement planning, and education funding assistance. The services aim to help clients establish and achieve financial goals, maintain wealth growth over time, and efficiently distribute assets. Clients gain access to customized financial plans, ongoing guidance, and tools to help monitor their financial situation and stay on track with their long-term strategy.
The document lists the various services provided by Lenox Personal CFO, including preparation and implementation of a customized financial plan, asset management, estate planning, insurance reviews and recommendations, retirement and cash flow management, corporate benefits planning, gifting and college education planning, and alerts and alarms. The financial planning services aim to help clients establish and achieve their financial goals through comprehensive financial reviews and customized recommendations and strategies across investing, insurance, taxes, and estate planning.
The document lists the various financial services provided by Lenox Personal CFO, including asset management, estate planning, insurance reviews, retirement planning, and other services. It aims to help clients achieve financial success and maintain wealth through comprehensive financial planning and implementation support. The services include constructing a customized financial plan, executing recommendations, ongoing monitoring and alerts to help clients reach their goals and protect their assets.
The document lists the various financial services provided by Lenox Personal CFO, including asset management, estate planning, insurance reviews, retirement planning, and other services. It aims to help clients achieve financial success and maintain wealth through comprehensive financial planning and implementation support. The services include constructing a customized financial plan, executing action items, and providing ongoing access to financial advisors and alerts. The goal is to establish and reach financial goals while minimizing taxes and protecting assets.
The document lists the various services provided by Lenox Personal CFO, including preparation and implementation of a customized financial plan, asset management, estate planning, insurance reviews and recommendations, retirement and cash flow management, corporate benefits planning, gifting and college education planning, and alerts and alarms. The goal is to help clients achieve financial success and security by maintaining and protecting their wealth through comprehensive financial advising and planning.
The document lists the various financial services provided by Lenox Personal CFO, including asset management, estate planning, insurance reviews, retirement planning, and other services. It aims to help clients achieve financial success and maintain wealth through comprehensive financial planning and implementation support. The services include constructing a customized financial plan, executing action items, and providing ongoing access to financial advisors and alerts. The goal is to establish and reach financial goals while minimizing taxes and protecting assets.
The document lists the various financial services provided by Lenox Personal CFO, including asset management, estate planning, insurance reviews, retirement planning, and other services. It aims to help clients achieve financial success and maintain wealth through comprehensive financial planning and implementation support. The services include constructing a customized financial plan, executing action items, and providing ongoing access to financial advisors and alerts. The goal is to establish and reach financial goals while minimizing taxes and protecting assets.
Tips and Tools for Great Financial ManagementGreenlights
The document provides tips and tools for effective financial management. It discusses assessing critical areas for improvement, identifying key resources like accounting staff and leadership, establishing policies and procedures, creating routines like a finance calendar and checklists, and developing an effective budgeting process. It emphasizes the importance of internal reporting to provide financial facts and measurements to help leadership make decisions.
This document summarizes a webcast for not-for-profits and governments on accounting, auditing and regulatory updates. It provides information on welcoming participants, continuing professional education credits, presenters and objectives. The session will cover recent regulatory issues, impacts of new auditing standards, likely audit emphasis areas, and implementation of new accounting standards to assist with preparation for 2012 audits. It includes polling questions to gauge participants' organizations and areas of focus.
This document provides information about a 4-day certification training program on grants management. Attendees can earn up to 24 CPE credits. The training will cover understanding grant administrative requirements, managing grants and cooperative agreements, comprehending cost principles and allowability, and understanding audit requirements for grants. Completing the 4 courses is part of a two-step process to earn the Grants Management Certificate. The training is aimed at grants managers, financial staff, program officials, and others involved in grants management. On-site sponsorship opportunities are also described.
This document provides information about a 4-day certification training program on grants management. Attendees can earn up to 24 CPE credits. The training will cover understanding grant administrative requirements, managing grants and cooperative agreements, comprehending cost principles and allowability, and understanding audit requirements for grants. Completing the 4 courses is part of a two-step process to earn the Grants Management Certificate. The training is aimed at grants managers, financial staff, program officials, and others involved in grants management. On-site training and customization options are also available.
This document provides information about a Grants Management Certification Week training event taking place from October 19-22, 2009 in Washington, DC. The training will feature four interactive courses related to grants management, and attendees can earn up to 24 CPE credits. Completing the training courses is part of a two-step process to earn the Grants Management Certificate. The training will be led by Elizabeth Holden, a national consultant and trainer on organizational issues in the public, private, and nonprofit sectors.
This two-day workshop provides training on obtaining and managing social services contracts and grants. Day one focuses on writing successful grant proposals, including identifying funding opportunities, crafting proposals that demonstrate projects' merits, and learning how to avoid common pitfalls. Day two covers navigating the audit process for contracts and grants, including understanding audit requirements, conducting risk assessments, and preparing for audit procedures. Attendees will learn how to effectively implement performance-based contracting and create logical performance measures for improved grant results. The workshop aims to equip managers and officials with the knowledge and tools to acquire, implement, and ensure accountability for social services funding.
Level Setting and Peering Around the Corner— Tips for Success in Your Organiz...Aggregage
This pandemic has tested the foundation of banks and the strength of the dollar. With all of us facing the same crisis, we are left with the same key questions, "Where are we now?" "Where are we going?" "How are we going to get there?" and "What impediments must we overcome?" Join Steve Andrews, President & CEO of the Western Bankers Association, for CBB's groundbreaking webinar! This exclusive webinar will go over the insider information your bank needs for level setting and peering around the corner. Steve will provide actionable insights, best practices, and real-world examples of the changing landscape of community banking.
This two-day training event focused on social services contracts and grants. On day one, attendees would learn how to write successful performance-based proposals, including identifying funding sources, understanding requirements, and avoiding common mistakes. They would also learn tips for enhanced funding and making proposals more relevant. On day two, the training would cover navigating the audit process for contracts and grants, including conducting risk assessments, understanding requirements, and preparing for audits. Attendees would acquire knowledge on effectively implementing performance-based contracting and forming relationships with funders. The event aimed to provide nonprofit leaders with strategies for obtaining and managing contracts and grants.
This two-day conference on November 19-20, 2009 in Arlington, VA will teach attendees how to obtain and manage social services contracts and grants. On day one, participants will learn how to write successful performance-based proposals, target reliable funders, and avoid common mistakes in the proposal process. Day two will cover understanding and preparing for the audit process, navigating single audit reporting requirements, and ensuring proper documentation. The goal is to provide strategies for creating programs that get and remain funded in alignment with organizational missions.
Tips and Tools for Great Financial Management (handout 1 of 1)Greenlights
1) The document provides tips and tools for effective financial management, including assessing critical areas for improvement, establishing policies and procedures, creating routines like a finance calendar, and effective budgeting and reporting.
2) It emphasizes the importance of people and critical resources like accounting staff, leadership, and outside relationships.
3) Powerful reporting tools are discussed, including key performance measures, internal reporting to managers, and board reporting using charts, graphs, and a focus on cash position, revenues, expenses, and variances from budget.
Similar to B5 financial management and federal compliance hand-out (20)
John Hartwick, Dawson Holdings, provides information about creating and preserving quality affordable rural housing for seniors using HUD and USDA programs
This document discusses home-based care services for seniors. It notes that over 90% of seniors have at least one chronic disease and outlines common medical (home health, hospice, palliative care) and non-medical (home care, transportation) services provided in-home. These services are needed as the population of seniors is projected to more than double by 2050, with many having conditions like Alzheimer's and being at risk of falls. Planning ahead for potential home care needs is important. The document advocates that home-based care is a form of senior advocacy that provides benefits to both individuals and society.
Heather Pritchard of The Home Depot Foundation (THDF) talks about the foundation's commitment of $80 million over five years to support veterans in need.
The document is a presentation about housing issues facing veterans in rural America. It discusses how veterans often make up a large portion of the homeless population in rural areas. It also notes barriers to the HUD-VASH housing program for homeless veterans in rural locations, such as long distances to facilities and a difficultly identifying homeless veterans. Additionally, it addresses the need for accessible housing and home modifications for senior veterans and those with disabilities so they can remain in their homes.
Retha Patton, Executive Director of Eastern Eight CDC in Tennessee, on creating affordable housing option for rural veterans. Presentation from the Housing Assistance Councils symposium "Housing Seniors & Veterans in Rural America: Preservation, Development and Services" in Council Bluffs, IA on August 28-29, 2013.
Jane Erickson of the Iowa Department of Aging discusses providing services for seniors in rural communities. Presentation from the Housing Assistance Councils symposium "Housing Seniors & Veterans in Rural America: Preservation, Development and Services" in Council Bluffs, IA on August 28-29, 2013
Nebraska HUD Field Office Director Earl Redrick details HUD programs that can be used to assist veterans and seniors. Presentation from the Housing Assistance Councils symposium "Housing Seniors & Veterans in Rural America: Preservation, Development and Services" in Council Bluffs, IA on August 28-29, 2013
Demographics of Senior and Veteran Housing in Rural America - Housing Assista...Housing Assistance Council
Keith Wiley of HAC presents demographic data on rural seniors and veterans and their housing. Presentation from the Housing Assistance Councils symposium "Housing Seniors & Veterans in Rural America: Preservation, Development and Services" in Council Bluffs, IA on August 28-29, 2013
Jerry Floyd of the Iowa Finance Authority on multifamily housing resources. Presentation from the Housing Assistance Councils symposium "Housing Seniors & Veterans in Rural America: Preservation, Development and Services" in Council Bluffs, IA on August 28-29, 2013
Multifamily Housing Resources for Rural Veterans and Seniors - Jerry Floyd
B5 financial management and federal compliance hand-out
1. Financial Management and
Federal Compliance Issues for
Nonprofit Organizations
Sharpening Your Skills: Financial Management for Rural CHDOs
Determining Income and Allowance for the HOME Program
Slide 1
Welcome
Introductions so that we become familiar with your face.
There are easel pads along the wall for you to answer a few
questions about your organizations. Please take a minute to
write in your answers if possible to the questions listed.
Remember, our networking is important.
Housekeeping
Please turn off your cell phone and electronic devices.
Where are the restrooms and emergency exits?
Evaluation forms will be distributed at the end of the
training, if you will be leaving early let us know and we’ll
provide you with an evaluation form at that time.
Housing Assistance Council Financial Management for CHDOs: From Basics and Beyond
Building Rural Communities through CHDOs Page 1
2. Anne Duffy, CPA
Chief Financial Officer
Vermont Housing & Conservation Board
Financial Management of
Federal Funds
• What you’ve agreed to do (compliance requirements)
• How to make sure you do it (internal control systems)
Internal Controls
5 Components of the Internal Control Structure
• Control Environment
• Risk Assessment
• Control Activities
• Information & Communication
• Monitoring
Housing Assistance Council Financial Management for CHDOs: From Basics and Beyond
Building Rural Communities through CHDOs Page 2
3. Regulations - OMB (Office of
Management & Budget)
General compliance requirements come from these
Circulars (and may be built into agency CFR’s):
– OMB Circular A-110 Administrative Requirements
– OMB Circular A-122 Cost Principles
– OMB Circular A-133 Audit Requirements
OMB A-110 - Administrative
Requirements
1. Standards for Financial 6. Cash Management
Management
7. Eligibility
2. Activities & Costs allowed
(OMB A-122) 8. Procurement
3. Reporting standards
4. Period of Availability of 9. Record retention
Funds
10.Program income
5. Matching
11.Plus more!
Best Practices
• Involve appropriate staff • Pull together team at
during application and inception of grant
initial budget process – Communicate grant
info (budgets, award,
• Parallel systems across regs., etc.)
grants (don’t reinvent the – Establish/review
wheel for each grant) controls over grant
(cost approvals,
financial accounting &
reporting)
• Document, document,
document….
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4. The morale of the story is…
• It’s not enough to get it right – you also need to have a
system in place to get it right!
• Dot your i’s, cross your t’s….
• Document, document, document..
Carolyn Bell
Rural Housing Service
Monitoring Section 523 Grants
What is RD’s responsibility
• RD’s responsibility is to assist grantees to be successful and avoid fraud, waste
and abuse
• Quarterly Meetings/Reports
• Note any issues discussed and work with contractors and grantees to resolve
them
• Maintain contact with grantees
• Partnership and communication between grantees and RD is critical
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Building Rural Communities through CHDOs Page 4
5. Types of Audits
• Performance Audits – look at specific requirements, measures
or defined business practices. Agency can use these make
improvements to program performance or reduce program costs
• Financial Statement Audit – determine if organization’s
financial statements correctly represent their financial position
in accordance with Generally Accepted Accounting Principals
(GAAP)
– Single Audits under OMB Circular A-133
Audit Requirements for Section
523 Grants
• In accordance with RD Instruction 1944-I
– 7-CFR-3015, 3016, 3019
• Annual Audits – due 90 days after end of grantee’s fiscal year, grant
closeout or termination to include audit of a sampling of borrower loan
funds
– In accordance with Generally Accepted Government Auditing
Standards (GAGAS)
– OMB Circulars
Grant Close Out
Closeout Reports
• SF-425 Federal Financial • Property Report – Account
Report (Previously SF 269A- of property acquired with TA
Financial Status Report) funds
• Due 90 days after • Records and Accounts –
completion of grant Retain for 3 years
• Performance Report
a. Exhibit B –quarterly
report
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Building Rural Communities through CHDOs Page 5
6. Section 533 Housing Preservation Grant
overview provided by
Bonnie Edwards-Jackson
Finance and Loan Analyst
Preservation and Direct Loan Division
202 690 0759 | bonnie.edwards@wdc.usda.gov
Rural Housing Service, Multi-Family Housing
Section 533 Housing Preservation Grant
Objective
The Section 533 Housing Preservation Grants Program funds are used
to renovate deteriorating homes and rental properties by persons who
have low and very low incomes
Eligibility
The following are able to receive grants to repair these properties and
bring them up to code:
– Nonprofit organizations
– Public bodies
– Native American tribes
Rural Housing Service, Multi-Family Housing
Section 533 Housing Preservation Grant
Fund uses:
Rural Housing Service, Multi-Family Housing
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7. Section 533 Housing Preservation Grant
HPG Funds May Not Be Used To:
Assist in the construction or completion of an addition or a new dwelling.
Refinance any debt or obligation of the grantee or the individual homeowner
Grantee Must Comply With The:
Terms of the Grant Agreement
Statement of Activities
Budget
Rural Housing Service, Multi-Family Housing
Dave Johnson, CPA
Dixon Hughes Goodman LLP
Auditor’s Perspective
• Internal Control Over Compliance
• Rules for Compliance
– 24 CFR 84 Not‐for‐profits
– 24 CFR 85 State and Local Governments
24 CFR 84 is HUD’s adoptioncodification of Office of
Management and Budgets Circular A‐110
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8. Auditor’s Perspective
• How does auditor determine what rules to test for
compliance and internal control over compliance?
– Federal CFDA Number: Catalog of Federal
Domestic Assistance.
– CFDA – Contains detailed program descriptions for
Federal Assistance Programs
– Annual OMB Circular A-133 Compliance Supplement
– Find applicable requirements for CFDA #
Auditor’s Perspective
• Example Specific Program Compliance Requirements
– Eligibility
– Reporting
• Financial
• Performance
• Special
– Special Tests for Program
Auditor’s Perspective
• Example of General Compliance Requirements
– Activities Allowed or Unallowed
– Allowable Costs/Cost Principles
– Cash Management
– Davis‐Bacon Act
– Equipment and Real Property Management
– Matching, Level of Effort, Earmarking
– Period of Availability of Federal Funds
– Procurement and Suspension and Debarment
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9. Auditor’s Perspective
• Audit Tests are based upon General Compliance Requirements
and Specific Requirements (Compliance Supplement)
– Auditor must identify internal applicable internal controls
over compliance.
– Auditor must test effectiveness of internal controls over
compliance
– Auditor must test compliance.
Auditor’s Perspective ‐ Conclusion
– Audit Reports Provided by Audit Firm
• General audit report on financial statements under
both GAAS and GAGAS.
• General report on internal control over federal financial
assistance.
• Specific report of internal control and compliance on
federal programs tested.
• Listing of findings with response from management.
• Filing of Single Audit Submission with Clearinghouse
– Emphasis: Internal Controls Over Compliance
Questions?
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