Best Accounting Software For Nonprofits, Revolving Loan Software, Grants Management Systems, Nonprofit News, GMS Blog, Nonprofit Blog, Accounting Blog, Revolving Loan Blog

How to Effectively Utilize Your Grant Team

9/18/2014

by Diane H. Leonard, GPC

In my previous post, I talked about the key roles/positions to pull together on a grant team. If you missed it, you can read it here.

I recommend creating a core team of those intimately familiar with the grant application, process, and details of the application and then a support team of those who are supportive of the effort and familiar with the project and application, but are not necessarily needed at all meetings or on all email exchanges and draft reviews.

As you are establishing your grant team, it is key to outline what your expectations are for the role of the grant team and how you would like to most effectively utilize the team' members core competencies and resources.

0 Comments

GMS Summit 2015

9/16/2014

0 Comments

"Waking Up With Wishes"
June 21 - 26, 2015

By Robin Berseth, Events and Technology Director, GMS, Inc.

You might be wondering what our theme for the 2015 Summit, “Waking Up With Wishes” is all about, and where the idea came from. For the past 30 years, GMS, Inc. has been leading an annual financial management conference for our non-profit clients. In celebration of our 30th Annual Summit, not only are we putting together a full agenda to bring you the best training possible with the best instructors in the industry, but we are bringing our team and our clients together as we celebrate this exciting milestone by giving back to others.

GMS is partnering with the Colorado chapter of Make-A-Wish, the premier wish-granting organization for children with life-threatening medical conditions. During our opening session we will be honoring the life of country music singer, author and motivational speaker, Kevin Sharp. Having survived a rare form of bone cancer in his teenage years, Sharp became a recipient of a wish granted by Make-A-Wish where he met record producer David Foster.

0 Comments

The New Super Circular

9/2/2014

0 Comments

What does it mean for your Organization's Management, Accountability and Financial REporting?

By Donald Cassady, President/CEO, GMS

General Overview

For those of you who are involved in organizations that are required to conform to specific OMB circulars, one of the historically frustrating issues has been duplicative and conflicting guidance when comparing circular to circular. One of the main drives of the Super Circular, for which the official name is Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, was to remove the conflicting guidance by combining eight individual circulars into one. The initial industry interpretations of the new guidance show that this goal was accomplished, for the most part, admirably.

In strengthening the accountability for federal dollars, policies have been improved and tightened to help protect against waste, fraud and abuse. In the past, non-federal agencies have met audit findings that were a result of inappropriate procedures because of the overlapping/conflicting guidance. Due to the uniform effective date of December 26, 2014, Federal agencies will implement the new guidance on a consistent schedule.

A main focus of the guidance is to reorient recipients toward achieving program objectives. There is a strong shift of management requirements that will focus on performance outcomes and defined goals. There are new provisions for fixed amount awards that minimize compliance requirements and adding requirements to meet performance standards.

0 Comments