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In our recent webinar, I detailed ways to improve grant budgeting and ease financial reporting. Key considerations for your budget planning process: Strong financial planning in the early grant stages sets the stage for successful program implementation and reporting.
In wrapping up our latest webinar series , I shared insights into how a grant management system, specifically, AmpliFund, plays a vital role in supporting compliance. Imagine this: You’re trying to find an important form for one of your awards. You check your email, sort through spreadsheets, rifle through Word documents, but no luck.
Award closeout is a vital part of the grant lifecycle. It’s when you gather all documentation you’ve created during the life of the award to be compliant with reporting requirements and ensure all expenditures are accounted for. Check out our Award Closeout Checklist.) Other resources can help too.
In some cases, they can result in having to pay back the award. By creating a standard process to run reports for yourself once a quarter, or even once a month - you can fix inconsistencies between your budget and expenses before they get out of hand. Review budget discrepancies and correct/resolve them as necessary.
When the Office of Management and Budget (OMB) introduced revisions to the Uniform Grant Guidance (UGG) in 2020, there was a notable focus on performance. After the UGG revisions, federal grant awarding agencies must provide recipients with performance plans, and recipients, in turn, must report to these agencies on their performance.
Grants management software like AmpliFund gives you unlimited application forms, sections, and questions that you can use to build out applications. You can make the application and review process a better experience for applicants and your internal reviewers by designing your applications in a more intentional way.
The IIJA has created and begun awarding new formula and competitive grants, and many existing grant programs will receive a boost. States will apply for this funding through a competitive awarding process, and then elected and appointed officials will be responsible for the creation and implementation of funds received.
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