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In the last five years, nonprofits have witnessed a significant upswing in the availability of federal funding. Initiatives like the American Rescue Plan, the Bipartisan Infrastructure Act, the CHIPS and Science Act, and other pass-through funding to states and local governments have spurred a surge in nonprofits seeking federal funding.
Having one place for all the information breaks down silos and avoids introducing risk through pulling data out of various systems into spreadsheets. For example, if you need to file Schedule of Expenditures of FederalAwards (SEFA) Reports , you can create a report that shows those expenditures by grant.
OMB worked with federal agencies to provide additional guidelines, clarifications, and expectations for federal grant 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.
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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