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Financial Management of Grant Funds

Tuesday, December 7, 2021 9:00am-
Wednesday, December 8, 2021 12:00pm

Financial Management of Grant Funds

Virtual Online Training 

December 7 - 8, 2021


Financial Management for Federal/State Grants will include:

  • Federal/state/grant regulations and administsrative requirements in financial management of grants 

  • Determining if expenses are allowable or unallowable to grants

  • Type of external audit required 

  • Proper calculation of leveraged funds/match/cost share

  • Accurate accounting and reporting of revenue and expenses for OCD grants


Who should attend?

Financial Management for Federal/State Grants will provide participants with an understanding of the administrative requirements, allowability of costs and audit requirements as it relates to the financial compliance with federal funds and state grants from the Ohio Department of Development, Office of Community Development.  This includes CDBG, CHIP and HTF.  It will also include the calculation and documentation for leveraged funds/match/cost share and the accurate reporting to OCD.

Grant administration, accounting and program management requires an understanding of the rules and regulations.  If you are a CEO/Executive Director, County/City Auditor, CFO/Finance Manager, Grant Administrator, Program Director or grant consultant, this training would be beneficial for financial grant compliance.


Trainer Bio

Teresa (Terry) L. Edwards, CPA has been working in the government and not-for-profit areas for almost forty (40) years.  The majority of those years were spent conducting financial compliance audits of entities receiving federal and state grants ranging from $25,000 to $100 million.  The audits included accuracy of reporting, determination of allowable costs and activities, cash management, assessing internal controls, reviewing indirect costs and monitoring of subrecipients.

Ms. Edwards is well versed on 2 CFR 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.  She has conducted numerous trainings on that guidance for units of government, not-for-profit entities and state agencies.  Some of her other training topics include governmental and not-for-profit accounting issues, financial management with federal and state grants, cost allocation and budgeting. 

As a prior employee of the State of Ohio, Ms. Edwards was often involved with the development of grant guidance for new federal awards and state grants.  She also assisted with changes to existing guidance to allow for more accountability and transparency.

Ms. Edwards is currently working as a Senior Auditor/Compliance Consultant with Zeno, Pockl, Lilly and Copeland, A.C.  In that position she audits federal compliance of grants and provides technical assistance and consulting.

She is a graduate of the Ohio State University and holds a valid CPA license in Ohio. 

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