Fiscal Health: Top 10 Federal Grant Compliance Pitfalls

Top 10 Federal Grant Compliance Pitfalls 1. Lack of knowledge and/or understanding of federal IMB regulations combined with failure to seek information and/or failure to ask for help

2. Restricted funds for expended for unauthorized purposes or for unallowed goods and services

3. Improper or lack of supporting documentation for expenses and required matching funds

4. Payroll is based on budgeted salaries and wages instead of actual time worked

5. Federal financial reports cannot be reconciled to the accounting system

6. Improper use of the federal Payment Management System

7.

Improper allocation of shared/indirect costs

8. Lack of written fiscal policies and procedures 9. Staffing programs with “Contractors” to avoid paying FICA Employer Taxes

10. Combining of Federal Funds

For more information, listen to our “Top 10 Federal Grant Compliance Pitfalls” webinar at www.healthhiv.org and click Education/Training

Fiscal Management Training HealthHIV offers fiscal management group-level training and individualized consultation tailored specifically to the needs of healthcare nonprofits using an innovative approach to adult learning, knowledge acquisition, and skills building called Learning Communities.

Who Should Attend Trainings benefit individuals at all levels of expertise in nonprofit health organizations, health departments and other government-level agencies.

These include:

■ P rogram Officers who manage multiple organizations

■ E xecutive Directors, CEOs and other nonfinancial managers

■ Program Mangers

■ Finance Directors and Fiscal Managers

Training Outline

■ Fundamentals of Financial Management

■ F iscal Management and Accountability for Nonprofits

■ F ederal Grant Compliance: Managing Finances for Program Success

■ Budget Empowerment for Nonprofits

For more information about Fiscal Health contact training@healthhiv.org