Length: 3 hours, Price: $95
To see available dates/times, use the “Choose a Session” drop down box below.
Once a non-profit organization is awarded funding, it is generally required to meet certain reporting requirements – procedures that grant recipients must follow to ensure that the grant funding is used correctly. Grant Management and Reporting generally entails two interconnected types of management reporting: Narrative Reports and Budget-based Reporting.
NARRATIVE REPORTS
General Best Practices:
Project Based Reporting, General Operating Expense Reporting, Setting Goals/Objectives to manage and evaluate Projects and Operating Expenses
Best Practices by Grant Source:
1. Federal Grant Reporting (including special issues with reimbursement-only grants)
2. State and Local Grant Reporting, including city/county reporting
3. Private Grant Reporting (including Community Foundations, Corporate/Company Foundations and Family Foundations)
Effective Narrative Strategies:
outlining your narrative, matching form to function, providing documentation
BUDGET-BASED REPORTING
Essential Terms:
Non-Profit Specific Financial Terms, Balance Sheet/Statement of Financial Position, Statement of Activities/Revenue Statement, Statement of Cash Flows, Chart of Accounts, Form 990
The Non-Profit Bookkeeping Process:
1. Transactions
2. Journal
3. Ledger (including the Chart of Accounts)
4, Reports – General Reports (Financial, Managerial and Tax), Donor-based Reports
Managerial Reports:
1. Budget (and its relationship to the Chart of Accounts)
2. Costing and other Pricing Strategies
3. Breakeven Analysis
4. Performance Evaluation
The Budgeting Process:
1. Developing a Master Budget
2. Strategic Planning vs. Operational Budgeting
3. Benchmarking
4. Avoiding “Budgetary Slack”
Participants will receive a certificate of completion. All sessions of this class are currently virtual. Participation is easy; all you need is an internet connection. We have morning, afternoon and evening classes available. Please see the drop down menu in the section below to find available classes.
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If you do not receive a confirmation email after registering, please contact us at [email protected].