Board meeting minutes are an important but often undervalued form of record keeping for organizations. Minutes provide a memorialized chronology of key information such as board actions, elections of officers or directors, and certain reports from committees and staff. Unfortunately, a variety of mistakes are commonly associated with the taking and keeping of minutes including: Failing
Each organization is different and may require more or less management of activities as required by the grantor. The list below represented the most common activates that must be managed. Complying with all the terms of the contract or agreement Using due-diligence in complying with the reporting requirements throughout the grant period Fulfilling financial reporting
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There are many reasons a grantee should exercise effective Grant Management. Grant funding can be lost if a grantee has neglected to use decisive grant management in implementing projects and accounting for grant funds received. When an award agreement is executed you have taken on the responsibility of complying with the terms of the agreement.
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Did you know that you can use the Grant Management Non-Profit Fund Accounting Book as a training manual for new and existing employees and contractors. Pulling excerpts from the book and customizing the contents to your organizations’ needs and goals is a time effective way of creating a training manual. You should have a fiscal/financial
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