There are many different names for it; Grant Management, Grant Compliance and Grant Reporting but they all mean the same thing – implementing processes and procedures around your grant (or loan award) and following them through with the appropriate reporting.
You received a list of things to comply with and some instructions, plus you are pretty smart and resourceful – why not do it yourself? When was asking an IRS agent for tax advice a good idea? Or running a ‘hypothetical’ writeoff past them?
You get audited and tell the IRS auditor that you read the rules 1,000 times. You even called the IRS and spoke to an agent and got instructions. What’s the worst that could happen if your taxes are wrong? Wage garnishment, lose your home, business and what you thought was your retirement. Maybe your credit is ruined because the IRS reported you so you’ll NEVER get another loan again.
No biggie! You can file for bankruptcy, right? You aren’t forever liable to the IRS, are you?
But much like doing your own taxes; without in-depth understanding of the interpretations of the rules, nuances, conflicts and some software to help you along, you’ll likely end up with the IRS at your door ready to audit. Federal audits are not to be messed around with, especially when you are talking about millions of dollars.
You are personally liable, there are real consequences and pure intentions don’t change an error and a big problem. Winning a grant is the best thing that could happen, but free money has a cost. Please the feds by getting your compliance done correctly and by a third party, it’s the cost of doing business and in the long run, it’ll be like paying a speeding ticket.
We will help you:
– Avoid intense scrutiny brought on by politics and transparency (ARRA/Stimulus)
- Maintain “audit-ready” records (preferably real-time)
- Ensure you, sub-recipients and contractors are fully compliant
- Ensure procurement processes are compliant, avoid missteps
- Provide contract administration and proper contracting procedures
- Create and maintain a financial (budget) and operational project baseline
- Develop compliant processes and procedures for the project
- Clearly delineate and maintain funds authorized and unauthorized expenditures
- Federal and State labor compliance and labor standards (eg. Davis-Bacon)
- Receive funding ‘leftovers’ and earn credit for future funding opportunities!!!
Keenwire makes it simple and keeps it pertinent. Keenwire knows broadband business and technology, bringing greater value to services like grant management and project management compared to consulting newcomers from other industries. We have both the administrative and technical experience to drive your network to completion. From funding opportunity to award, engineering and project management, our dedication to our clients and client’s projects is unrivaled.
Our team will be integral from before day one of your grant process, working to found the business concept, financial and service models, identify key partnerships, design and engineer the network, engage vendors and gather costs, determine a deployment plan and pull it together as a long-term operational entity. Every core service we offer and every bit of knowledge Keenwire possesses will be leveraged in managing your grant.
Our additional tools can be implemented to include network design, engineering and GIS mapping analysis for financial proforma, demographic, broadband and environmental metrics, even down to the census block level.