Now that you’ve won the grant, the next stage is setting up what needs to happen to meet the obligations to the funding body, and to kick off the work for the project.
- For the funding body, this could include specific reporting dates to release funding.
- For the recipient, this could be financial acquittals that need to occur.
🙋🏻♀️ Reminder: While all team members can view and interact with fields in all steps, the ability to edit fields on each step depends on user permissions.
At the top of this step, you can view, edit, or create links between this grant and projects, contracts, or portfolios.
💡 Tip: Links can also be set up in Stage 1 – Grant Overview.
If this grant requires no deliveries, scroll to the bottom, and click No Deliveries to be Completed, which will move you to Stage 4 – Closeout.
Assuming the grant does involve deliveries (as most do), scroll back up to get started.
The first section is Planned Activities, listing the “to do” items that need to be done in order to complete milestones.
Next comes Milestones, configured to correspond with the reporting requirements. Each milestone is a record of submitted reports and documents, with monetary claim values.
The Progress Claims table lists the associated costs involved with completing a milestone or planned activity.
And finally, we have Acquittals. An acquittal acts as the final financial reconciling for the funds received from milestones. Acquittals show where every cent of grant money has gone, as a balance against funds received.
For the Reporting stage to be considered complete, all planned activities must have Completed status. This means that a completion date must be entered for each activity.
In addition, all milestones, progress claims, and acquittals must have Approved status.
When the Delivery is complete, scroll all the way down and click All Deliverables Submitted.
Congratulations – the hard part of the grant is over! Now you’re ready for the last part: Stage 4 – Closeout.
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