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Innovative Thinking and The Road Less Traveled Stimulus Funding Opportunities Aid to State and Local Governments $53.6 Billion – 18% Public Safety and.

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Presentation on theme: "Innovative Thinking and The Road Less Traveled Stimulus Funding Opportunities Aid to State and Local Governments $53.6 Billion – 18% Public Safety and."— Presentation transcript:

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2 Innovative Thinking and The Road Less Traveled

3 Stimulus Funding Opportunities Aid to State and Local Governments $53.6 Billion – 18% Public Safety and Government Services $2 Billion – Office of Justice Program for Local Law Enforcement $1 Billion - COPS Community Oriented Policing $150 Million – Economic Development Assistance $100 Million – Crime Victims Assistance $ 80 Million - Southern Border and High Intensity Drug Traffic Deterence Efficiency

4 Stimulus Funding Opportunities Aid to State and Local Governments $50 Million – Internet Crimes Against Children $125 Million – Rural Drug Crimes $210 Million – Local & State Fire Station Upgrades $225 Million – Law Enforcement Assistance $225 Million – Violence Against Women Prevention and Prosecution $1 Billion – CDBG Programs $150 Million – Food Banks

5 Grant Funding In-Kind Match

6 Examples of Potentially Allowable Costs: Salary Benefits Travel Supplies Contract Consultants Training Evaluation Member Costs Administration Costs

7 Requirments & Regs ► Cost Principle Requirements: ► OMB Circular A-21: Cost Principles for Educational Institutions ► OMB Circular A-87: Cost Principles for State, Local, and Indian Tribal Governments ► OMB Circular A-122: Cost Principles for Non-Profit Organizations ► Administrative Requirements: ► OMB Circular A-102: Grants and Cooperative Agreements with State and Local Governments (CNCS: §45 CFR 2541) ► OMB Circular A-110: Uniform Administrative Requirements for Grants and Agreements with Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations (CNCS: §45 CFR 2543) ► Audit Requirements: ► OMB Circular A-133: Audits of States, Local Governments, and Non-Profit Organizations ► OMB Circulars: ► CNCS Regulations:www.nationalservice.gov/about/role_impact/history.asp

8 In Kind Match Requirements ► Allowable ► Reasonable ► Allocable ► Consistently Applied

9 TO BE ALLOWABLE UNDER A GRANT, COSTS MUST:  Be reasonable and allocable for the performance of the award  Conform to grant award limitations or cost principles  Be consistent with policies and procedures that apply to both federally- financed and other activities of the organization  Be given consistent treatment  Be in accordance with Generally Accepted Accounting Principles (GAAP)  Not be included as a cost or used to meet cost sharing or matching requirements of any other federally-financed program  Be adequately documented

10 Indirect Cost Plans

11 Value of Cost Allocation Plan in Grant Costing: A Certified Cost Allocation Plan is valuable and required in recovering Indirect Costs Costs of Internal Government Services can be recovered Indirect costs are required to be charged across all government services for the Federal and State governments to allow for recapture under Grant Funding

12 Risk & Risk Tolerance

13 Grant Acceptance & Risk Tolerance Risk Prone Innovation and likelihood of obtaining funding Innovation and the difficulty of administration Outcome: success or failure and funding repayment Risk Adverse Smaller Awards Greater Competition Outcome success or failure and funding repayment

14 Grant Acceptance & Risk Tolerance Communication, both written and oral is critical to make certain: Management and Board understand and agree to organizational goals regarding the project being contemplated Management & Board understand the financial and time commitment associated with undertaking the project if the grant is awarded Finance Department and Grant Staff are prepared to lead the project and manage the work load

15 Grant Acceptance & Risk Tolerance Finance Department Must Make Certain that : Clear and audit ready records are prepared and maintained at each phase Internal Control System is strong and the risk of internal and external fraud have been contemplated, addressed in terms of policy and process Project progress and project contractors are monitored and adequate records are maintained on an ongoing basis Project is closed properly and records are maintained as outlined in the grant funding requirements and as required by the State record maintenance regulations.

16 ► Chicago 205 West Wacker Drive Suite 1750 Chicago, IL ► Bloomfield Hills 4111 Andover Road West, Third Floor Bloomfield Hills, MI Contact Information Linda Angus (866)–717 –1607


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