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Bookkeeping Practices for Self-Help Grants (523)

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.

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Bookkeeping Practices for Self-Help Grants (523)

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  1. Bookkeeping Practices for Self-Help Grants (523) Theresa M. Hunt Self-Help Specialist June 18, 2013

  2. 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.

  3. What are 523 grant funds.

  4. Who controls the grant funds.

  5. Structuring your accounting system • This Training Guide can be found on FNPH’s website: www.fnph.org under publications Guide to Basic Bookkeeping for Not-for-Profit Organizations

  6. Federal Requirements • OMB Circulars can be found at www.whitehouse.gov or from a link on FNPH’s Website www.fnph.org under Publications • RD Instruction 1944-I can be found from a link on FNPH’s Website under Rural Development Regulations. OMB Circulars and RD Instruction 1944-I

  7. Allowable expenditures RD Instruction 1944-I, §1944-405 and Exhibit A, Page 2 (C )

  8. Disallowed expenditures RD Instruction 1944-I, §1944.406

  9. Federal Tax Forms Tax Calendar, but remember to personalize.

  10. Importance of Budgeting Monthly Financial Report

  11. Program Reporting Not limited to Draw Down Requests, Cash Transaction Reports, SHARES and A-133

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