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Watch Those Standard Assurances!

Thousands of federal grant proposals are submitted each year. Around 80% will be rejected and around 20% on average will get funded. The required signatures on the federal Standard Form 424 face sheet and the companion “Standard Assurances” bind your organization to comply with each of the 23 assurances associated with receipt of federal funding.

Earning the Grant Dollars

 
You have a federal grant award with an approved budget and you have verified that your spending plan includes only eligible costs. Now you can just draw down and spend, right? Not quite. The reality is that you have to earn the right to draw down those awarded dollars.

An Inaccurate or Confusing Budget Will Sink Your Proposal

 

In the world of grant proposals, the budget comprises as little as 5% or as much as 20% of the points you’ll be awarded in the federal review process. Yet, for many, preparing the budget and budget justification is the most troublesome and time-consuming part of the proposal development process.

Overview: Audit Opinions and Findings

When auditors assess your handling of grant funds, they’re not looking to ding you at every possible point with negative findings. Their job is to provide an official opinion about your financial statements that is unqualified, qualified, or disclaimed. An unqualified opinion means that your financial statements are free of material error and may be relied upon. 

Grant Writing is Dead

Yes, really. It’s an old notion that’s run its course and that was never right in the first place. Time moves on, and in the best of circumstances people wise up. There’s a movement stirring, a new wind blowing. It’s a revolution that calls out to each and every person working in the field of grants, pushing them to wake up or to speak up, and to contribute their energy to move the work forward in the right direction.

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