Financial Management and Grant Management for NGOs Training
Most NGO do not consider financial management a priority for themselves. Therefore, it is often the case that many of them entirely lack systems of financial planning and monitoring, which has a very adverse impact on their viability. To achieve sustainable development in the tough actuality of today NGO managers should develop understanding and confidence that are necessary to use funds effectively.
The sharing of best practice in financial management will:
Help managers use resources efficiently and effectively;
Improve NGO reporting to fiscal authorities and donors;
Help earn partners and beneficiaries’ respect and trust;
Help NGO better compete for resources that are becoming increasingly limited;
Help NGO attain financial sustainability in the longer term.
Training Objectives
At the end of the course, participants will be able to:
Identify and understand the critical terms and conditions of grant aid; for donor-funded projects
Ensure compliance with donor terms and conditions;
Providing supporting documents, correct procurement of goods and services and meeting financial reporting requirements;
Managing multiple-funded programs
Provide tools for efficient Management of Donor- funded project
Design and monitor donor budgets
Prepare a donor financial report to match with a project narrative report;
Describe the phases in the grant management cycle clarify key responsibilities and routines needed for successful grant management;
Identify the requirements for closing off a donor grant;
Manage the relationship with donors, head office and implementing partners with greater confidence;
Appreciate that finance and program staff must work closely for Successful grant management.
The following topics will be covered:
Overview of Grants Management Cycle
Developing proposal
Budgeting
Types of costs
Grant Award Contract
Award Review
Fundraising Tips, Implementation, Compliance
Eligible and ineligible costs
Cost Share/ Matching costs
Procurement Procedures
Grant Tracking Tools,
Costs eligibility, administration
Program evaluation
Grant Reporting,
Financial Documentation and Reporting
Documentation, Internal Controls; Audit, Narrative Reporting, Partnerships & consortia management, Donor Compliance,
Personnel &Staff Issues (ethics) : Contracts, Time sheets, Travel & Per diem: Itinerary, assigning, Assets & Inventory Management, Co-Financing &
Multi- Donor Funding, Indirect Costs & Contingencies, Close Out Procedures & the Final Tranche.
Basic concepts in grant management
Key challenges in grant management
The grant management life cycle
Grant management plan
Responsibilities and routines in grant management
The flow of donor funds
Assessing the terms and conditions in grant agreements
Grant agreements, and accounting and procurement systems
Complying with donor reporting requirements
Managing key relationships for successful grant management
Other Key Modules
Community Development and Projects funding
Funding requirements
Project finance
Capital Budgeting and Investment Appraisal
Donor Policies and procedures
Complying with Donor procedures
Disbursement methods
Banking: Loan Management/Payment
Expenditure Budgets
Project Budgeting and Planning
Project Financial Management
Financial Risk Analysis Techniques
Financial Performance Measurement
Budgeting and Budgetary Control
Internal Control and Control Mechanisms
Integrated accounting & Financial Systems
Accounting policies and systems
Auditing of financial statements
Management Control Framework
Auditor’s duties and responsibilities
Knowledge of the Law in relation to accounts and audit
Internal controls
Risk assessment
Code of professional Conduct and Ethics
Preparation of Auditing Procedures
Planning and Publishing the audit schedule
Periodic reports
Project Management reports
Financial Reporting (Periodic Requirements)
The role of government in donor funded projects
Formulation of project fundraising proposals.
Way forward After the Training
Participants will develop a work plan through the help of facilitators that stipulates application of skills acquired in improving their organizations. ASPM will continuously monitor implementation progress after the training.
Training Evaluation:
Participants will undertake a simple assessment before the training to gauge knowledge and skills, another assessment will be done after the training in-order to monitor knowledge gained through the training.