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Grants Grab Bag: From Grants Management Training to Farm Bill News

Grants Grab Bag blog posts address a variety of grant-related topics, from grants management and writing webinars to legislation affecting federal, state, and local funding.

Grant News Grab Bag: From State Single Audit Analysis to "Pay for Success" Financing

Relevant grant news you can use: a state-by-state comparison of single audit findings, an upcoming SAM webinar, a look at CDBG funding cuts, and how "pay for success" financing could help social service programs.

Best Practices for Grants Management (Part 2)

The post-award stage is the longest stage of the grants lifecycle, which I outlined in my first blog article on this topic earlier this week. Grant managers must ensure that the requirements outlined in a grant agreement are met. State and federal grants are almost always more stringent and have more requirements than foundation or corporate grants. Federal grants are to be managed using the guidelines outlined by the Office of Management and Budget (OMB). Relevant federal documents can be found here: http://www.whitehouse.gov/omb/circulars_default.

OMB Circular A-133 Compliance Supplement 2012 Released

This week the Office of Management and Budget (OMB) released the long-anticipated 2012 Circular A-133 Compliance Supplement, all 1,552 pages worth. You'd be wise to begin by gleaning any changes by reviewing Appendix V of the document, the List of Changes for the 2012 Compliance Supplement from the 2011 circular. The full document is broken down by section and in full at the bottom of the OMB website.

Grants Management: The Grant Close-out

You’ve probably read about the GAO report from April finding nearly $800 million in funding remaining in expired grant accounts (those which were more than 3 months past the grant end date and had not been active for 9 months or more). That kind of news should wake up grant makers and seekers alike. The grant close-out process is the responsibility of both the funding agency and the awardee, but award recipients can/should take steps to ensure an effective close-out, making everyone—funding agencies, auditors, and especially taxpayers—happy. (Subscribers to KnowledgeBase can read a variation of this article here.)

Updates in the Grants World: OMB, SAM, GAO

More on the OMB: Though the OMB has not yet given an official expected release date for the OMB Circular A-133 Compliance Supplement, AICPA informed me that the final draft of the document is available and that the OMB does not expect any significant changes. I wrote previously about the Compliance Supplement here.

Grants Management: Federal Single Audit Guidelines

Recipients of federal grant funds must use the funds as indicated by the grant agreement and must ensure that funds are expended in the time frame specified by the document. This publication discusses the period of fund availability, how the time period will influence the expending of funds, and how the time period affects the Single Audit process, also known as the OMB A-133 audit, an organization-wide audit of an entity that expends $750,000* or more of federal assistance received for its operations.

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