Budget Monitoring under the Uniform Guidance

Description

We will cover the steps for preparing a Federal grant application budget and budget narrative.  We will go through a complete, sample application budget that includes the SF 424 summary, detailed backup for each line items budgeted, and the associated budget narrative. The session will include best practices in the development of a budget as well as monitoring tools.

Highlights

• Preparing a grant or cooperative agreement budget
• Monitoring tools such as budget versus actual
• Integrating draws or invoices into budget monitoring

Objectives

• Obtain practical skills in preparing an application budget that complies with the Uniform Guidance.
• Understand the importance and usage of the budget narrative.
• Improve knowledge regarding different monitoring tools once the grant budget is awarded.
• Recognizing that the preparation of monthly draws must be based on sufficient documentation as they are subject to the False Claims Act.
• Understanding work-flow relationships between budgeting, monitoring and submitting requests for reimbursements.

Designed For

Designed for licensed CPAs, grant accountants, program managers, grant writers, CFO, Director of Finance and Administration, principal investigators, grant consultants, grant administrators within a non-profit, institute of higher education, state or local municipal government, hospitals or commercial entities with Federal grants.