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Why Accurate Payroll and Time Allocation Is Crucial for Your Nonprofit Grant Reporting

Blackbaud

Train Your Staff Training staff on the proper procedures for time tracking and payroll allocation is crucial. Regular training sessions can also help address any questions or concerns, ensuring a smooth and efficient allocation process. This understanding helps in accurate allocation and prevents potential issues with funders.

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The Financial Edge: Crafting Budgets for Grant Success

Allied Grant Writers

The primary parts of a grant budget include personnel costs, project expenses, and administrative and indirect costs. Personnel Costs Personnel costs encompass the expenses related to the staff involved in the grant-funded project. These may include utilities, rent, and general administrative costs.

Budget 52
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Taking the Fear out of Grant Management: Indirect Cost Allocation By: Kellie Brungard, GPC

Assel Grant Services

Have you ever wondered what indirect costs entail, or heard the term “de minimus rate” and questioned what that means? These indirect costs can be allocated to grant proposals. The key is knowing how your organization’s policy and procedure for allocating indirect costs and what this entails.

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What Are Payroll Grants and Where Can I Find Them?

GrantNews

Applicants may request an indirect cost rate of up to 15 percent of the total award request. Costs may include but arent limited to payroll processing , audit fees, and office equipment. In addition, grants are also frequently available for workplace training and workforce development.

Grants 80
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Developing a nonprofit budget: The basics and best practices

Candid

The article also points you to additional Candid resources on developing a nonprofit budget, including our free trainings: What do funders look for in grant proposal budgets? grants and other contributions) and anticipated expenses, including direct costs (e.g., staff time, supplies, and evaluation), and indirect costs (e.g.,

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Yes, the GrantSummit is Still Relevant to Me, a Grant Professional of over 20 Years!

Grant Professionals Association

Author Bio : Julie Assel, GPC, CGMS is the President/CEO of Assel Grant Services, a comprehensive professional grant services firm offering pre- and post-award grant services, training, and consultation across the grant lifecycle.

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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

Calculate Your Indirect Cost Rate Complete and correct cost allocation is key to the financial stability of your organization. If you aren’t including indirect costs—such as salaries or rent—into your funding requests or program planning, you are setting yourself up for stress later in the year.