Bookkeeping Practices for Self-Help Grants (523) Theresa M. Hunt Self-Help Specialist June 18, 2013
A Brief overview of 523 grant funds, structuring your accounting system, federal requirements, allowable and disallowed expenditures, federal tax forms and the importance of budgeting.
What are 523 grant funds.
Who controls the grant funds.
Guide to Basic Bookkeeping for Not-for-Profit Organizations Structuring your accounting system This Training Guide can be found on FNPH’s website: under publicationswww.fnph.org
OMB Circulars and RD Instruction 1944-I Federal Requirements OMB Circulars can be found at or from a link on FNPH’s Website under Publications RD Instruction 1944-I can be found from a link on FNPH’s Website under Rural Development Regulations.
RD Instruction 1944-I, § and Exhibit A, Page 2 (C ) Allowable expenditures
RD Instruction 1944-I, § Disallowed expenditures
Tax Calendar, but remember to personalize. Federal Tax Forms
Monthly Financial Report Importance of Budgeting
Not limited to Draw Down Requests, Cash Transaction Reports, SHARES and A-133 Program Reporting