{"id":5027,"date":"2024-04-03T07:45:00","date_gmt":"2024-04-03T12:45:00","guid":{"rendered":"https:\/\/www.aapaseaports.com\/?p=5027"},"modified":"2024-04-11T13:50:17","modified_gmt":"2024-04-11T18:50:17","slug":"congratulations-on-your-new-grant-are-you-ready","status":"publish","type":"post","link":"https:\/\/www.aapaseaports.com\/index.php\/2024\/04\/03\/congratulations-on-your-new-grant-are-you-ready\/","title":{"rendered":"Congratulations on Your New Grant! Are You Ready?"},"content":{"rendered":"
\n
Guest Article<\/div>\n
\"april<\/figure>\n
By April O. Danos<\/span><\/div>\n

W<\/strong><\/span>hether you are a new or seasoned awardee, preparing for post-award grant management is essential to the success of, and compliance with, your latest federal award.<\/p>\n

Winning the grant is just step one \u2013 the hard work begins with grant administration. The seven steps described here will help establish the “rules” to ensure success.<\/p>\n

\"read
TVHAPPYLINE\/SHUTTERSTOCK.COM<\/a><\/span><\/figcaption><\/figure>\n

1. Read and Understand the Grant Agreement<\/h2>\n

Carefully review the terms and conditions of the grant agreement to understand the obligations, reporting requirements, allowed expenses, and any restrictions. Understand what needs to be done to get to grant execution. Your organization will need to know which regulations and guidance are applicable. Have key legal, finance, and management staff discuss and review the agreement to understand the agreement provisions, relevant regulations, and other key requirements in the grant. Understanding the agreement will help give your organization confidence that it can meet its grant agreement obligations.<\/p>\n

\"develop<\/figure>\n

2. Develop Written Policies and Procedures<\/h2>\n

Your organization must have clear written policies and procedures to implement the grant effectively. Grants are governed by the applicable funding agency, state and federal guidance, and statutes. Uniform Guidance 2 CFR Part 200 is a governmentwide framework for grant management, and it provides a set of rules and requirements for federal awards. It\u2019s a good starting point for developing grant management processes and procedures. Keep in mind that more restrictive state policies will supersede the Uniform Guidance. Policies and procedures developed should be geared to meet compliance standards and requirements. Those policies will include:<\/p>\n