Finance

Grants are a lifeline for many non-profit organizations, but without proper management, grants can’t ensure long-term organizational success. We provide you with ongoing financial support from securing grant funding to best practices in grant management. With our help, you will remain grant-compliant and financially secure.

Grant Compliance

Compliance is the cornerstone of grant management as it ensures transparency, accountability, and the proper utilization of funds. The key to an effective grant compliance program is understanding the requirements of your grant and then designing, documenting, and implementing your policies and procedures to adhere to those requirements.

Benefits of grant compliance

Federal Guidelines for Grant Compliance

Although each grant is unique, rules and regulations are attached to all awards, and there may be multiple sets. Listed below are two essential rules for determining compliance. They are the Code of Federal Regulations, particularly the section devoted to federal grants and contracts, 2 CFR section 200, and your grant’s Special Conditions in the Notice of Award.

Learn the rules and regulations that govern your grants because your organization should have a grant management system that meets the required standards.

Uniform Guidance (UG)

The UG is one of the most valuable resources for determining grant compliance requirements. Part 2, Section 200 (2 CFR 200) is devoted to federal grants and contracts issued by the federal agencies and departments of the United States.

It serves as the official set of rules and regulations for federal grants, consisting of Administrative Requirements, Cost Principles, and Audit Standards for all Federal Awards.

Unless regulations unique to the authorizing legislation state otherwise, this UG applies to all federal funding recipients, making it a crucial resource for grant management planning.

Grant Agreement Terms and Conditions

The federal agency may also place specific terms and conditions on your organization. These could include (among other measures):

Your organization will need to constantly review the grant agreement specific to the award – the Notice of Award document – as this may contain additional requirements or changes that would need to be applied for compliance.

Generally Accepted Accounting Principles (GAAP)

GAAP is an accounting practice required for profits, not-for-profits, and government entities across the U.S. It standardizes the classifications, assumptions, and procedures used in accounting in industries to provide clear, consistent, and comparable information on an organization’s financials. Following GAAP ensures financial information is consistently and accurately reported. 

The UG for federal awards requires allowable costs, rental costs, interest, depreciation, compensation and fringe, and audits to be in accordance with GAAP. In basic terms, there are three golden rules of general accounting: 

How To Achieve Grant Compliance

Upon receiving your award, familiarize yourself with the administrative guidelines and requirements outlined in your award agreement, sometimes known as the Notice of Award. You need to know:

You need to continue increasing and improving your capacity to thrive in this changing and challenging environment to ensure solid grant compliance. You can achieve this by:

How We Can Help

We are an experienced, national, non-profit organization that follows the Uniform Guidance and all other Federal and State grant-specific requirements. We assist grantee organizations with building the proper capacity to comply with all federal and grant award conditions through:

We assist all grassroots and experienced domestic violence organizations throughout the United States and US Virgin Islands.

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