1. The Lifecycle of Grants FISCAL MANAGEMENT Maddie Forrester Section Supervisor, Fiscal Grants Management

2. Agenda I.Vendor Information II.Grant Vendor File III.Draw Process – How to complete a DS5 IV.Documentation V.Monitoring and Technical Assistance VI.Status Reports/Final Performance Reports VII.Questions and Answers

3. Maintaining Your Grant Vendor File New and Current grantees must maintain grant vendor file. WHY? - Draws can be process faster - Grant money is distributed quickly Current Information Is Important

4. Maintaining Your Grant Vendor File Vendor Information Ohio Shared Services http://ohiosharedservices.ohio.gov/Vendors.aspx?Page=2 Website

5. Maintaining Your Grant Vendor File Vendor Information Development Services Agency – Fiscal Forms http://www.development.ohio.gov/cs/cs_fiscalforms.htm

6. How to Complete a Request for Payment Form Fiscal Grants Management The Office of Housing and Community Partnerships

7. How to Complete a Request for Payment Form (DS5) BASIC INFORMATION: 1.Name & Address 2.Contact Person / Telephone Number 3.FTI Number 4.Community / Nonprofit Number 5.Draw Number/ computer generated Available on our website: http://www.development.ohio.gov/cs/cs_fiscalforms.htm

8. How to Complete a Request for Payment Form (DS5) 1.Grant Number 2.Activity Name 3.Activity Number 4.Site Address 5.Amount Requested – based on actual expenditure 6. Budget Amount 7. Budget Balance

9. With the exception of the amount requested, all of the information for a DS5 is on your Grant Agreement.

10. How to Complete a Request for Payment Form (DS5) How to SLOW the draw Process 1.Missing Information (site addresses, activity names…) 2.Incorrect Balances 3.Grant Not Encumbered 4.Grant Period Has Ended 5.Funds Exceeds Budget Amount 6.Funds Exceeds the Allowable Limits of 10% or $5,000 7.Small draw

11. They cost us money. They cost you money. You can have $5,000 cash on hand for the life of the grant. This does not violate the 15 day rule. If you submit a draw <$5,000, expect a phone call. If you submit a draw for <$2,000, it may not get processed in a timely manner. Final draws are exempt from those rules. However, if you’re leaving a small balance on your grant consider just drawing it (15 day rule). SMALL DRAWS

12. How to Complete a Request for Payment Form (DS5) Between activity adjustments – Can you do this? –Will the activity budgets remain unchanged? –Is there sufficient balance in the activities? –Will you exceed the $5,000/10% rule?

13. How to Complete a Request for Payment Form (DS5) Between activity adjustments - Situation –You submitted a draw, anticipating expenditures in one activity. –Those came in slightly different than you expected. –You had another project expense in another activity.

14. You didn’t spent it this way, You spent it this way instead. You’ve overdrawn an activity, but it’s by less than the threshold, so you’re okay. You’ll reestablish budget in one activity.

15. How to Complete a Request for Payment Form (DS5) 1.Date Signed 2.1 st Authorized Signature 3.2 nd Authorized Signature 4.Title 5.http://www.development.ohio.gov/cs/cs_fiscal forms.htm

16. Other relevant information So far in 2012, OCD has processed approximately 5,000 draws. Expect a 2-3 week lag time. Expedited by signing up for EFT. Questions or concerns? –Call us!

17. ANY QUESTIONS

18. The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services. Documentation Fiscal Grants Management The Office of Community Development

19. Documentation When did you spend what? Why? How? This information must be maintained on an activity level Revenue and Expenditure Ledgers.

20. Documentation: Fiscal Management Template

21. Documentation

24. Everything you spend must be backed up by appropriate source documentation. Invoices POs Checks DS5s Administrative Expenditures Travel – Mileage reimbursement requests Time – Timesheets Supplies – Receipts Contractor Proof of time spent Conference invoices

25. ANY QUESTIONS

26. Monitoring & Technical Assistance Fiscal Grants Management The Office of Community Development

27. FINANCIAL MONITORING VISIT Desk Reviews –Compare reports to budgets and projected outcomes –Approve written request for indirect cost plans

28. FINANCIAL MONITORING VISIT Onsite Reviews –Review financial management and financial files (cash receipts, cash disbursements; –Examine supporting documentation for financial and programmatic activities. –Review internal controls –Write a report with issues and evaluate responses to determine if acceptable

29. Types of Supporting Documentation –Invoices/Contracts –Payment Requests –Payroll register –Timesheets Financial Monitoring Visit –Canceled Checks –Bank Statements –Explanation for unusual items

30. OCD Awarded Funds vs. Other Funds –Grantee must be able to report expenditures based on each funding source. –Grantee must have documentation on receipts and expenditures for each funding source. Financial Monitoring Visit

31. Other Financial Requirements –Charges must be based upon Attachment ‘A’ activities. –Indirect Costs can only be charged if grantee has an approved indirect cost plan. –Books must differentiate OHCP awarded funds and all other funds. Financial Monitoring Visit

32. Technical Assistance Visit To provide grantees with information and advice that will enable the grantee to fulfill the requirements of OHCP awarded grants

33. ANY QUESTIONS

34. How to Complete a Status Reports & Final Performance Reports Fiscal Grants Management The Office of Community Development

35. Awarded Funds Complete actual funds expended column for each activity. Not budget Not drawn The expended amounts should be cumulative to date. Program Budget How to Complete a Status & Final Performance Reports

36. Leveraged Funds Show all additional funds That have been expended for each activity. The expended amounts should be cumulative to date. Program Budget How to Complete a Status & Final Performance Reports

37. The Draw Report Will Assist With Completing The Status Report. The Report Show All Activities That Has Taken Place During The Grant Period. The Report Will Show The Remaining Budget Balances. Draw Status Report

38. Records  The status of your state audit(s) determines which close letter you will receive once final performance report has been thru the closeout process and is deemed officially closed.  If your state audit(s) have not been closed (we receive this information from our audit department) then you will receive an Administrative Close Letter. This letter states: Once your state audit(s) are closed you will receive a final close letter.  If your audit(s) have been closed, or there was no need for one, then you will receive a Final Close Letter which states: This is a final close letter. The grant is closed, but you have to keep all records for five (5) years from date of letter.

39. ANY QUESTIONS

40. What could delay the process of a draw payment? 1.Grant Not Encumbered 2.Name of Grantee 3.Missing Site Address 4.Request Exceed Grant Amount 5.Three of the Above 6.None of the Above

41. What could delay the process of a draw payment? 1.Grant Not Encumbered 2.Name of Grantee 3.Missing Site Address 4.Request Exceed Grant Amount 5.Three of the Above 6.None of the Above

42. Why would a draw be placed on hold? 1.Signed Grant 2.Budget Amounts 3.Grant Period Ended 4.ER/ED Incomplete 5.None of the Above

43. How long can a grantee hold funds after receiving draw deposit? 1.10 Days 2.15 Days 3.45 Days 4.120 Days

44. How long can a grantee hold funds after receiving draw deposit? 1.10 Days 2.15 Days 3.45 Days 4.120 Days

45. How much can an activity be over drawn when requesting funds without an amendment? 1.5% or $10,000 2.$10,000 or 10% 3.15% or $15,000 4.$5,000 or 10% 5.None of the Above

46. How much cash can you have on hand during the life of the grant without violating the 15 day rule (federal grants)? 1.$0 2.$5,000 3.$10,000 4.5% of total grant amount 5.None of the Above

47. Thank you! Questions?