Grants Management
Working cooperatively with grant making agencies and grantee communities on the federal, state and local levels, Promesa has extensive expertise in developing and implementing grant management and disbursement policies that assure grants are managed properly and dollars are spent in accordance with applicable fiduciary laws and regulations.
Our services support identifying key areas where improvements and/or stabilization is needed, introducing controls for the regulation of governance and financial practices, and implementing technology to automate and facilitate the process.
A list of services we provide to support grant management processes include:
- Improving control over the grant obligation, liquidation and expenditure processes
- Achieving efficient and effective business and financial processes throughout grant operations
- Driving a focused return to fiscal integrity and ensure compliance with applicable regulations
- Permitting funds to be spent only for allowable costs
- Establishing or tweaking your existing enterprise wide financial system of record to be used as the basis for facilitating the successful performance of a financial audit
- Establishing and implementing policies and procedures to ensure consistency and compliance
- Ensuring assets purchased with grant funds are properly received, tagged, scanned, delivered and managed
- Conducting monthly inventory audits
- Preparing monthly bank reconciliation
- Preparing various performance management reports measuring cost, quality and cycle time of key performance indicators
- Providing change management, training and capacity building services
- Implementing or managing existing grant management software technology