“Will I see you at GrantSummit?” This year, for the first time, my answer was “Yes.” In early November 2023, I attended GrantSummit (formerly known as the Grant Professionals Association (GPA) Annual Conference) in Kansas City, Missouri. This multi-day conference is the premier professional development event for grant professionals in the U.S. I have attended this conference before as a virtual attendee, but this year was my first experience traveling to the event.
I have three key takeaways from my in-person experience:
Part One of this article covered Financial Statements and the four components (Statement of Financial Position, Statement of Activities, Statement of Functional Expenses, and Statement of Cash Flows). Next, we will cover budgets and other common financial attachments. Remember, these attachments tell your organization’s story just as much as the words in your narrative, so invest adequate time in preparing these files.
Did you know that budgets and financial documents are often the first things a grant reviewer will read when considering an organization’s proposal? Sometimes grant professionals leave attachments and budgets for the end, perhaps because these documents can be confusing or intimidating to those of us without an accounting background. This two-part guide will help you correctly identify which attachment the funder is requesting and explain why it is helpful for the funder to have the information contained in each document.
I was one of the lucky 10% of aspiring GPCs (Grant Professional Certified) to see the following words float across my screen: “This email is to notify you that your packet has been selected for audit.” Audits are best practice for credentialing organizations to uphold the integrity of the credential. No matter how ethical or diligent one is, being audited is always a bit nerve-wracking. I am sharing my experience to show you how to track documentation to be audit-ready. I will give a real-life example of undergoing an audit after submitting my initial eligibility packet and the things that I now do differently as a result.