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GRANT MANAGEMENT FISCAL ADMINISTRATION, AUDIT, COMPLIANCE AND REPORTING

Grant Management Fiscal Administration, Audit, Compliance and Reporting

Some grant recipients have large, robust, and experienced in-house grant management fiscal administration, accounting, audit, reporting and compliance teams. Most do not. Some have none. 

 

Organizations must adhere to a myriad of federal grant compliance requirements, including Uniform Administrative Requirements (financial management, internal controls, procurement, and cost principles requirements, among others), as well as cross-cutting requirements (Davis-Bacon, NEPA, Civil Rights, Build America/Buy America and more, depending on the project type).

 

Unfortunately, we have seen some applicants and recipients bid out contracts for large infrastructure projects prior to grant award that have had to be rebid.

 

The ideal time to initially engage our post-award grant specialists is during the grant writing application process and before any grant awards are made.

 

Grant Management Associates provides a menu of post-award grant management accounting, audit, compliance, and reporting consulting services that can be customized to your specific needs.

 

Our team of experts includes a Certified Grants Management Specialist (CGMS) and Certified Risk and Information Systems Controls (CRISC) who has almost three decades of experience in the industry and has previously worked at a Big Four accounting firm. 

 

GMA also has grant experts available with designations that include Certified Public Accountant (CPA), Certified Government Financial Manager, (CGFM) and Certified Risk Management Professional (CRMP).

 

We can train your staff, put together a post-award grant team for you, and assist you with making changes to your accounting system to be in compliance with federal law, and can provide other assistance listed further below. GMA has expertise in the full lifecycle of grants management.

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Professor Kristin Cooper – GMA Founder and CEO

Professor Cooper is a former full professor in the School of Engineering at CSU Chico. She managed the grant efforts for five of the colleges at the university. She has been a subject matter expert to the U.S. Department of Justice in grant fraud cases and served in a similar capacity as an expert witness to the California Attorney General’s Office.

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Mary Jean White – Certified Grants Management Specialist (CGMS)
Post Award Grant Management, Accounting, Audit, Compliance and Reporting

GMA’s Mary Jean White (MJ) has over twenty-six years of experience in government program management, grants management, regulatory compliance, legislative process training, grant writing, strategic planning, compliance monitoring, and program remediation for public sector, non-profit, and commercial clients, and is a recognized Subject Matter Expert in grants management, Uniform Administrative Requirements (2 C.F.R. 200) and the Federal Acquisition Regulation (the FAR, 48 C.F.R. 31.2), as well as state and local procurement and compliance issues surrounding federal and state-funded programs. She is a hired consultant by federal agencies to train government employees in meeting their own grant reporting and audit regulations for managing winning federal grant recipients.

 

MJ also assists grant recipients in setting up the required accounting, staffing, procurement, and mandatory reporting requirements of federal and state grant recipients and sub-recipients for audit readiness. Her CGMS credential demonstrates dedication is a formal recognition of expert-level knowledge of the full lifecycle of grants management. Maintaining the credential demonstrates dedication to the highest standards of competency as a grants management professional. Mary Jean White worked for a Big Four accounting firm and has recently served as a GMA subject matter expert (SME) to the U.S. Justice Department in two recent grant fraud cases, helping DOJ win financial settlements in both cases.

Accountant

Here is a list of items that applicants/recipients may need to put in place for full compliance:

 

  • Develop grant administration policies and procedures

  • Ensure federal procurement standards are documented and followed

  • Evaluate proposed expenses for allowability and prepare eligible cost memos when necessary

  • Compile all financial information necessary and prepare required reports

  • Review contracts with subcontractors and subrecipients for required regulatory language

  • Develop templates and checklists to assist the organization with their federal award internal control structure and gathering of required information, to include subrecipients and contractors

  • Perform required risk assessments and ongoing monitoring of subrecipients

 

GMA’s Menu of Post Award Grant Services include:

 

  • Pre-award review of grant management requirements

  • Grant management staff training 

  • Audit and internal control assessment 

  • Federal procurement requirements 

  • 2 CFR 200 Compliance

  • Indirect cost rate negotiation 

  • Grant cash flow 

  • Budget forecasting 

  • Post-award grant management

  • Grant modification requests 

  • Grant close-out 

 

We are happy to discuss your current or potential future post-award grant management needs.


You can reach out today to GMA’s Founder and CEO Kristin Cooper and schedule a complimentary discussion about your potential post-award grant management needs at kristin@grantmanagementassoc.com

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