financial checkup for community action agencies

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Financial Check-Up for Community Action Agencies Jeff Sobers Senior Product Marketing Manager @JeffSobers

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Post on 21-Jun-2015

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If an apple a day keeps the doctor away, what is the recipe for the finance department keep auditors and stakeholders at bay? While it's not as simple as eating an apple a day, a quick check up to review best practices can help your community action agency improve your grant management and communicate to stakeholders. I originally presented this slideshow as a webinar discussing how CAAs can enable their program staff, communicate with nonfinancial board members, and manage their grants in an effective and transparent manner. This presentation will make sure your CAA is keeping up with trends and best practices to maintain funding and increase your impact in the community. If you would like to contact me to give this talk live to your organization, please contact me at [email protected].

TRANSCRIPT

Page 1: Financial Checkup for Community Action Agencies

Financial Check-Up for

Community Action Agencies

Jeff Sobers Senior Product Marketing Manager @JeffSobers

Page 2: Financial Checkup for Community Action Agencies

TOPICS Administrative Costs Cost Allocations Financial Statements Audits

Page 3: Financial Checkup for Community Action Agencies

Administrative Costs

Page 4: Financial Checkup for Community Action Agencies

Admin Costs and A-122

Page 5: Financial Checkup for Community Action Agencies

Admin Costs and CSBG

Page 6: Financial Checkup for Community Action Agencies

Admin Costs in Other Federal Programs Admin Costs and Other

Federal Programs

Page 7: Financial Checkup for Community Action Agencies

Definition of Management and General Expenses

Page 8: Financial Checkup for Community Action Agencies

Dealing with Limits on Administrative Costs

Page 9: Financial Checkup for Community Action Agencies

Cost Allocations

Page 10: Financial Checkup for Community Action Agencies

Why Allocate?

Page 11: Financial Checkup for Community Action Agencies

Common Allowable Methods

Page 12: Financial Checkup for Community Action Agencies

Actual FTE

Page 13: Financial Checkup for Community Action Agencies

Percent of Space Utilized

Page 14: Financial Checkup for Community Action Agencies

Percent of Units of Service

Page 15: Financial Checkup for Community Action Agencies

Methods that May or May Not

Be Allowable

Page 16: Financial Checkup for Community Action Agencies

Unallowable Methods

Page 17: Financial Checkup for Community Action Agencies

Unallowable Costs and Allocations

Page 18: Financial Checkup for Community Action Agencies

Federal Negotiated Indirect Cost Rates

Page 19: Financial Checkup for Community Action Agencies

Cost Allocation Plan

Page 20: Financial Checkup for Community Action Agencies

Required Financial

Statements

Page 21: Financial Checkup for Community Action Agencies

Statement of Financial

Position

Page 22: Financial Checkup for Community Action Agencies

Statement of Activities

Page 23: Financial Checkup for Community Action Agencies

Statement of Cash Flows

Page 24: Financial Checkup for Community Action Agencies

Audits

Page 25: Financial Checkup for Community Action Agencies

Types of Audits

Page 26: Financial Checkup for Community Action Agencies

Financial Statements

Page 27: Financial Checkup for Community Action Agencies

Yellow Book

Page 28: Financial Checkup for Community Action Agencies

Single Audit

Page 29: Financial Checkup for Community Action Agencies

What An Audit Is Not

Page 30: Financial Checkup for Community Action Agencies

Compliance

Page 31: Financial Checkup for Community Action Agencies

SUMMARY Administrative Costs Cost Allocations Financial Statements Audits

Page 32: Financial Checkup for Community Action Agencies

What Questions Do You Have?

And be sure to see Blackbaud at the CAP Annual Convention in Chicago, August 27th – 30th!

Jeff Sobers Twitter: @JeffSobers www.slideshare.net/jsobers1