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Cyndi MacKenzieis a Grant Professional Certified who has twelve years experience in the non-profit field with over $10 million in grant awards in that time. Cyndi works out of her offices in Brooksville, FL and Nashua, NH providing board development, strategic planning, and a full array of grant services to her clients. As a Grant Professional Association Approved Trainer, Cyndi has trained at national and regional conferences since 2011. Cyndi has been a reviewer for federal and state grants, as well as local proposals.
Effective Strategies For Financial Management of Grants (CDP861X)
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Know the Secrets to Successful Financial Management of Grants from an Expert!
As a Grant Professional, winning the grant is great- but then what? Financial Management of all grants, both large and small, is extremely important. Do you need to be a CPA? No! Do you need to know every single ruling in the Office of Management and Budget? No! Do you need to spend thousands of dollars on software packages? No! However, you better know where to find your answers on what is allowable and what isn’t, you should definitely know about your Project Manager, and you should know your way around an Excel spreadsheet.
The way to success is to work closely with your Finance and Payroll Departments, as well as your Project Personnel in order to close out with zero dollars unspent and pass those audits without any findings. It takes planning and teamwork – and tremendous organizational skills.
In this session, expert speaker Cyndi MacKenzie, GPC, will explain you how to manage grants effectively, keeping the financial perspective in mind. Get to know practical tips, advice and expertise that will save you time and frustration. You will be able to manage the financial side effectively, and also learn how to be organized, and how to treat grants with ethics, among other things.
Session Highlights:
- When to assign a system of checks and balances for each source of funding you manage
- Why internal controls and policies are so critical to your success in fiscal management
- Why your relationship with your funder is so important when it comes to finances
- How easy it is to ask for an amendment to your budget and when it is appropriate to do so
- Why back up documentation is so important, such as letters of agreements with sub-contractors and receipts, etc.
- Where to find Office of Management and Budget rules for your grant
- How Excel can be your best friend
- Why you must strive to be organized
- What is on the market for financial management tools should you want to explore them
- Why you should take 10% administrative fees for the grants you manage (or more if you have a federally approved rate)
- Why you never want to have an “High Risk” determination
- Why fiduciary stewardship is so important
- What ethics have to do with financial management of grants
Who Should Attend
Chief Operating Officers, Grant Managers, Grant Consultants, Administrators, Financial Officers, Grant Professionals, GPC, Office Managers, Chief Executive Officers, CFRE, Director of Development, Grant Assistant, Non-Profit Agencies