DESCRIPTION

Technologies to Help Track Your Finances

95 minutes
Recorded 3/2/2021
Instructor: Kay Sohl

Build your understanding of the requirements for managing federal funds whether your land trust receives them directly from a federal agency or through an agreement with another governmental
or nonprofit entity. Recognize how accepting federal dollars can require your land trust to have an
expensive and potentially time-consuming Single Audit, and establish more sophisticated fiscal policies and procedures even if such an audit is not required.

Webinar topics will include:

• 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 and/or indirect costs
• Subcontracts or sub-recipient agreements – understanding your responsibilities if you pass federal dollars through to other entities

Access to this recording will expire on December 31, 2022, and is subject to availability of the AdobeConnect service.

TOPIC