Rotary Foundation 33
WEEK 33 WHAT ARE SOME FINANCIAL BEST PRACTICES WITH GRANT FUNDS?
- Follow your spending plan to distribute and use grant funds for the stated purpose in a timely manner.
- Make project-related expenditures by check or other traceable method.
- If payments are made electronically by one person, maintain a paper trail showing that the payment was approved by both signatories.
- Maintain detailed receipts and record each transaction in a ledger. The ledger should list each transaction, noting the date, amount, and reason for the transaction.
- Make sure to share the information so grants run smoothly and funds are secure!
THANK YOU FOR MAKING OUR GRANT OVERSIGHT TOP NOTCH!