Chapter 12
Tracking and Accounting for Federal Dollars
IN THIS CHAPTER
Managing federal dollars
Overseeing subgrantees
Filling out reports
Completing the grant agreement
Go ahead and celebrate! You worked hard, and you received the federal grant. You’ve been awarded grant funding to establish, develop, and implement a project for your organization. Now you have to manage your grant. Get ready for tons of paperwork, but don’t worry — I walk you through the whole process in this chapter. After you find out what really matters, you’ll be on your way to managing the federal government’s money in your sleep.
Your underlying responsibility is to understand your obligations to the federal government and your awarding agency. After you know what’s expected of you, you can follow the directions your awarding agency gives you.
In this chapter, I give you some tips on how to stay on top of your federal grant game. This includes spending the money according to the grant budget, complying with the awarding agency’s requirements by submitting all reports on time, and knowing how to close out ...
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