Federal Funds Management: Getting It Right

Are you looking to capitalize on new federal dollars available for land conservation? If so, this webinar is a must! Whether your land trust receives federal funds directly from a federal agency or through an agreement with another governmental or nonprofit entity, your land trust must develop and implement the systems, policies and procedures to comply with complex federal rules. Even if you won’t cross the $750,000 threshold requiring a single audit this year, your land trust still needs to develop and implement key cost allocation, procurement and other fiscal policies. 

Here's a look at what we will cover:

• Distinctions between grants, awards, cooperative agreements and contracts — understanding the rules that come with each.

• Why it doesn’t matter whether the federal dollars actually flow through your bank accounts — how to deal with federal funds transferred at closings for easements or land purchases.

• Cost allocation plans and recovering administrative or indirect costs.

• Subcontracts or sub-recipient agreements — understanding your responsibilities if you pass federal dollars through to other entities.