Struggling With Grant Funding Hurts The Municipality…And The People
Many local governments rely on grant funding for special projects and other community needs. When staff is reduced, some of the knowledge base leaves with them, causing grant projects to be mismanaged or dropped altogether. Gain control over grant projects and protect your community as well as those you serve.
A report by the U.S. Government Accountability Office (GAO) discussed in “How Cities Lose Millions in Federal Funds,” posted by Liz Farmer on Governing.com, revealed that there are two main reasons that some cities are struggling with grant management: layoffs and spending cuts. An evaluation of grant funding between 2009 and 2013 in Camden, NJ; Flint, Michigan; and, Stockton, California revealed that layoffs reduced the number of people, including the skill sets, of those who could manage grant projects effectively. In addition, other cost-cutting measures reduced their ability to match grant funding for those projects that required a local spending match. As a result, the city could be in violation of the agreement and would have to return misspent funds or be prevented from spending those grant funds at all.
These and other municipalities that may be struggling with managing grants can soon find themselves without funding or the support of their constituents. Gain control and greater visibility throughout your grant-funded projects and other financial activities by deploying an enterprise resource planning (ERP) solution. You can manage all of your financial and accounting activities, including individual grant management. A powerful Dynamics ERP solution provides access to analyze common accounting activities, including payables and receivables, the general ledger, payroll, and benefits. In addition, you can create and monitor budgets pertaining to specific grant-projects, operational expenses, or monitor spending by department as well as for your entire office. This flexible technology also integrates with case management solutions available in Dynamics CRM, automated grant management processes track requests, identify available funds, review and approve spending, and track progress. Showing accountability and transparency with financial management activities can also improve the support by constituents.
Don’t put grant-funded projects at risk with inadequate or entry-level accounting software. Contact AKA Enterprise Solutions to learn how to streamline and strengthen financial activities with Dynamics ERP and CRM.