financial checkup for community action agencies
DESCRIPTION
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
Financial Check-Up for
Community Action Agencies
Jeff Sobers Senior Product Marketing Manager @JeffSobers
TOPICS Administrative Costs Cost Allocations Financial Statements Audits
Administrative Costs
Admin Costs and A-122
Admin Costs and CSBG
Admin Costs in Other Federal Programs Admin Costs and Other
Federal Programs
Definition of Management and General Expenses
Dealing with Limits on Administrative Costs
Cost Allocations
Why Allocate?
Common Allowable Methods
Actual FTE
Percent of Space Utilized
Percent of Units of Service
Methods that May or May Not
Be Allowable
Unallowable Methods
Unallowable Costs and Allocations
Federal Negotiated Indirect Cost Rates
Cost Allocation Plan
Required Financial
Statements
Statement of Financial
Position
Statement of Activities
Statement of Cash Flows
Audits
Types of Audits
Financial Statements
Yellow Book
Single Audit
What An Audit Is Not
Compliance
SUMMARY Administrative Costs Cost Allocations Financial Statements Audits
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