How It Works:

Budget Development and Revision: Collaborating with the organization to develop detailed, realistic budgets that align with the grant proposal and funder's guidelines. This includes revising budgets in response to project changes or funder feedback to ensure continued compliance and funding alignment.

Financial Tracking and Monitoring: Implementing robust financial tracking systems to monitor expenditures against the grant budget, ensuring that all spending is allowable, allocable, and properly documented. This process includes regular reviews to identify variances and make necessary adjustments.

Compliance and Risk Management: Ensuring compliance with the funder's financial management requirements and applicable laws and regulations. This involves identifying financial risks associated with grant management and implementing controls to mitigate these risks.

Financial Reporting and Documentation: Preparing accurate and timely financial reports as required by the funder, detailing the use of grant funds and the financial status of the project. This also involves maintaining comprehensive documentation to support all financial transactions and decisions.

Audit Preparation and Support: Assisting with the preparation for financial audits related to grant funds, including organizing financial records, documenting expenditures, and providing support during the audit process. This ensures readiness for external reviews and compliance checks.

Indirect Cost Negotiation: Advising and assisting in the negotiation of indirect cost rates with funders, ensuring that organizations recover appropriate overhead costs associated with managing grant-funded projects.

Deliverables:

Grant Budget and Financial Plans: Detailed financial plans that outline all expected revenues and expenditures associated with the grant.

Financial Reports: Regular financial reports that provide a clear picture of the project's financial status, including expenditure reports and budget variance analyses.

Audit Preparation Package: Organized financial records and documentation ready for audit review, ensuring compliance with grant requirements and financial best practices.