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In October 2024, the latest changes to the Office of Management and Budgets (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (also known as 2 CFR Part 200 or Uniform Guidance) went into effect. Many changes were beneficial to grantees.
The National Endowment for the Arts (or “NEA”, for short) is the Federal funding agency for arts and culture organizations in the United States. They have several grant opportunities each year and most arts nonprofits usually want a piece of that pie. First up, a disclaimer: Some of you reading this are not ready for NEA grants.
However, many organizations are unprepared for the multitude of regulations and requirements associated with managing federally funded programs. Understand Your Organization’s Capacity Your organization should consider these four components before applying for any grant, especially those connected to federal dollars.
When applying for federalgrants, the OMB Uniform Guidance sets forth a 30 to 60 day range for federal funding opportunities to be open: “(b) The Federalawarding agency must generally make all funding opportunities available for application for at least 60 calendar days.
A Grant Manager's Guide to Internal Controls Did you know, $600 billion is awarded each year in federalgrants?? How do they impact your grants and your organization? They assure adherence to Federal statutes, regulations, and the terms and conditions of the Federalawards. So, what are they?
Over the past year, you may have overheard grant professionals discussing potential OMB Uniform Guidance updates. Before 2013, federalgrant requirements were located in multiple OMB circulars. In essence, this updated, reorganized, and consolidated federalgrant management requirements into a single document.
OMB worked with federal agencies to provide additional guidelines, clarifications, and expectations for federalgrant recipients, pass-through entities, and auditors. It’s relevant to note that federalawarding agencies are encouraged to continue to focus grants management on both compliance and program performance.
For years, government grants have boosted a wide variety of programs that have had a positive impact. Federal or government grants involve money given to an individual by a government entity to provide support that benefits the public. However, there are just four primary forms of grant funding in the sea of grant programs.
For years, government grants have boosted a wide variety of programs that have had a positive impact. Federal or government grants involve money given to an individual by a government entity to provide support that benefits the public. However, there are just four primary forms of grant funding in the sea of grant programs.
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, federalgrantawarding agencies must provide recipients with performance plans, and recipients, in turn, must report to these agencies on their performance.
It is no surprise that with all the fast-moving federal funding that has been distributed over the past few years, those who receive federalawards may not be aware of all of the rules pertaining to award management. What demonstrated experience can be shared regarding previous federalawards management?
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