Accounting For Pass Through Grants

Accounting for Pass-Through Grants: A Comprehensive Guide

Author: Dr. Evelyn Reed, CPA, CGMA

Dr. Evelyn Reed is a certified public accountant (CPA) and Chartered Global Management Accountant (CGMA) with over 20 years of experience in governmental and non-profit accounting. She has specialized in the intricacies of grant accounting, particularly focusing on pass-through grants, and has published numerous articles and presented at national conferences on the subject. Her expertise includes auditing, financial reporting, and compliance related to pass-through grant regulations.


Publisher: The Institute of Internal Auditors (IIA)

The IIA is a globally recognized professional organization dedicated to the advancement of the internal audit profession. Their publications are widely respected for their rigor and accuracy, providing authoritative guidance on a wide range of financial and operational topics, including the complex area of accounting for pass-through grants. Their authority stems from their dedication to professional standards, ongoing research, and a vast network of experienced internal auditors.


Editor: Mr. Arthur Miller, CIA, CPA

Mr. Arthur Miller is a Certified Internal Auditor (CIA) and a Certified Public Accountant (CPA) with extensive experience in government auditing and compliance. His expertise in financial regulations and his deep understanding of the challenges organizations face in accounting for pass-through grants provide significant credibility to this article.


Keywords: accounting for pass-through grants, pass-through grant accounting, government grants, grant accounting standards, compliance, audit, financial reporting, non-profit accounting, governmental accounting, single audit

1. Historical Context of Pass-Through Grant Accounting

The practice of awarding grants through intermediary organizations – the essence of pass-through grants – has evolved alongside the growth of government funding programs. Initially, simpler methodologies were used, often lacking the stringent regulatory requirements of today. However, as government funding increased, so did the need for greater transparency, accountability, and consistency in how these funds were managed and reported. The rise of sophisticated federal programs, such as those under the purview of the US Department of Health and Human Services (HHS) and the Department of Education, significantly impacted the development of accounting standards and compliance requirements for pass-through grants. This led to the development of more formal guidelines and regulations aimed at ensuring the proper accounting for pass-through grants. The increasing emphasis on preventing fraud and waste further propelled the formalization of accounting principles specific to this area.

2. Understanding Pass-Through Grants

A pass-through grant is a financial award from a federal, state, or local government agency to a recipient organization (the subrecipient) that is tasked with subsequently distributing a portion of the funds to other organizations (sub-recipients). The primary recipient is responsible for ensuring that the subrecipients comply with all applicable terms and conditions of the grant. This arrangement differs from direct grants, where funding is provided directly from the grantor to the ultimate beneficiary. The complexity of accounting for pass-through grants stems from the layered responsibility and the need for meticulous tracking of funds from the original grantor down through each subrecipient. Proper accounting for pass-through grants necessitates a comprehensive system for monitoring the subrecipients’ financial activity and ensuring compliance with regulations.

3. Key Accounting Standards and Regulations

Accounting for pass-through grants is governed by a complex web of regulations and accounting standards. Key standards include the Uniform Guidance (2 CFR 200), which provides comprehensive requirements for the administration of federal awards. This guidance outlines the responsibilities of both the primary recipient and the subrecipients in managing and accounting for the funds. Understanding and adhering to these regulations is crucial for avoiding penalties and maintaining the integrity of the grant program. The specifics of accounting for pass-through grants can vary depending on the grantor's requirements, the nature of the grant program, and the type of recipient organization involved. Compliance requires a thorough understanding of all applicable regulations and consistent application of accounting principles throughout the grant lifecycle.

4. Challenges in Accounting for Pass-Through Grants

Effective accounting for pass-through grants presents several significant challenges. These include:

Maintaining accurate records: Tracking funds through multiple layers of recipients necessitates robust record-keeping systems.
Ensuring compliance: Meeting the diverse requirements of various grantors and regulatory bodies requires substantial expertise and diligent oversight.
Monitoring subrecipients: Overseeing the financial activities of subrecipients and ensuring adherence to grant terms can be resource-intensive.
Internal controls: Implementing strong internal controls to prevent fraud and misuse of funds is paramount.
Reporting requirements: Preparing accurate and timely reports to both the grantor and subrecipients can be complex and time-consuming.

5. Best Practices for Accounting for Pass-Through Grants

Organizations managing pass-through grants should adopt best practices to mitigate risks and ensure compliance. These include:

Developing clear policies and procedures: Establishing documented guidelines for all aspects of grant management and accounting is essential.
Implementing robust internal controls: Strong internal controls help prevent errors and fraud.
Providing training to staff: Ensuring that all personnel involved understand the regulations and procedures is crucial.
Regular monitoring and oversight of subrecipients: Frequent communication and monitoring help identify potential issues early.
Maintaining detailed documentation: Comprehensive documentation is crucial for auditing and compliance purposes.

6. Auditing and Compliance

Regular audits are crucial for ensuring compliance with grant regulations. The single audit process, often mandated for recipients of federal awards exceeding a certain threshold, is particularly relevant for entities receiving and managing pass-through grants. These audits provide an independent assessment of the recipient’s financial management practices and compliance with applicable regulations. Effective accounting for pass-through grants reduces audit risks and ensures the continued receipt of grant funding.

7. Current Relevance and Future Trends

Accounting for pass-through grants remains a critical area, particularly given the increasing reliance on government funding for various programs and initiatives. The ongoing evolution of regulations and the increased scrutiny around transparency and accountability necessitates a continuous adaptation of accounting practices. Future trends will likely involve greater use of technology for streamlined grant management and improved reporting, along with a heightened focus on data analytics to detect and prevent fraud and misuse of funds.

8. Conclusion

Accounting for pass-through grants is a complex but essential aspect of managing government funding. A strong understanding of relevant regulations, coupled with robust internal controls and meticulous record-keeping, is crucial for ensuring compliance, minimizing risks, and maintaining the integrity of grant programs. Organizations must stay informed about evolving regulations and best practices to effectively manage these grants and continue to secure funding for their vital work.

FAQs

1. What is the difference between a direct and pass-through grant? A direct grant goes directly from the grantor to the end beneficiary, while a pass-through grant goes from the grantor to a primary recipient, who then distributes it to sub-recipients.

2. What is the Uniform Guidance (2 CFR 200)? The Uniform Guidance is a set of federal regulations that governs the administration of federal awards, including pass-through grants.

3. What are the key responsibilities of a primary recipient in a pass-through grant? The primary recipient is responsible for ensuring that sub-recipients comply with all applicable terms and conditions, monitoring their financial activity, and reporting to the grantor.

4. What are some common challenges in accounting for pass-through grants? Challenges include maintaining accurate records, ensuring compliance with complex regulations, monitoring subrecipients, implementing strong internal controls, and preparing accurate reports.

5. What are some best practices for accounting for pass-through grants? Best practices include developing clear policies and procedures, implementing robust internal controls, providing training to staff, regular monitoring of subrecipients, and maintaining detailed documentation.

6. What is the single audit? The single audit is an independent audit of a recipient's financial statements and compliance with federal regulations, often required for organizations receiving significant federal funding.

7. What are the penalties for non-compliance with pass-through grant regulations? Penalties can include loss of future funding, repayment of funds, and legal action.

8. What role does technology play in accounting for pass-through grants? Technology can streamline grant management, improve reporting accuracy, and facilitate better monitoring of subrecipients.

9. Where can I find more information on accounting for pass-through grants? You can find more information from the websites of the federal government, professional accounting organizations, and grant-related resources.

Related Articles:

1. "Understanding the Uniform Guidance (2 CFR 200): A Practical Guide for Grant Recipients": This article provides a detailed explanation of the Uniform Guidance and its implications for organizations receiving pass-through grants.

2. "Best Practices for Monitoring Subrecipients in Pass-Through Grants": This article focuses on strategies for effectively monitoring and overseeing subrecipients to ensure compliance and prevent fraud.

3. "Implementing Robust Internal Controls for Pass-Through Grants": This article explores different internal control mechanisms to minimize risks associated with pass-through grants.

4. "Navigating the Single Audit Process for Pass-Through Grants": This article offers a comprehensive guide to the single audit process and its implications for organizations receiving pass-through grants.

5. "The Role of Technology in Streamlining Pass-Through Grant Management": This article examines how technology can improve efficiency and transparency in managing pass-through grants.

6. "Developing Clear Policies and Procedures for Pass-Through Grants": This article provides guidance on creating well-defined policies and procedures for effective grant management.

7. "Case Studies in Pass-Through Grant Accounting: Lessons Learned": This article explores real-world examples of successful and unsuccessful pass-through grant management to highlight key lessons.

8. "Fraud Prevention in Pass-Through Grants: A Comprehensive Approach": This article focuses on strategies to prevent and detect fraud in the context of pass-through grants.

9. "Financial Reporting Requirements for Pass-Through Grants: A Step-by-Step Guide": This article details the specific reporting requirements for organizations managing pass-through grants, clarifying what information must be reported and how.


  accounting for pass through grants: Improvements to IFRSs International Accounting Standards Board, 2010
  accounting for pass through grants: Fiscal Management of Federal Pass-through Grants United States. Advisory Commission on Intergovernmental Relations, 1981
  accounting for pass through grants: Managing Public Money Great Britain. Treasury, 2007 Dated October 2007. The publication is effective from October 2007, when it replaces Government accounting. Annexes to this document may be viewed at www.hm-treasury.gov.uk
  accounting for pass through grants: Governmental Gaap Guide Michael A. Crawford, D. Scot Loyd, 2008-11
  accounting for pass through grants: Field Trials of Health Interventions Peter G. Smith, Richard H. Morrow, David A. Ross, 2015 This is an open access title available under the terms of a CC BY-NC 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Before new interventions are released into disease control programmes, it is essential that they are carefully evaluated in field trials'. These may be complex and expensive undertakings, requiring the follow-up of hundreds, or thousands, of individuals, often for long periods. Descriptions of the detailed procedures and methods used in the trials that have been conducted have rarely been published. A consequence of this, individuals planning such trials have few guidelines available and little access to knowledge accumulated previously, other than their own. In this manual, practical issues in trial design and conduct are discussed fully and in sufficient detail, that Field Trials of Health Interventions may be used as a toolbox' by field investigators. It has been compiled by an international group of over 30 authors with direct experience in the design, conduct, and analysis of field trials in low and middle income countries and is based on their accumulated knowledge and experience. Available as an open access book via Oxford Medicine Online, this new edition is a comprehensive revision, incorporating the new developments that have taken place in recent years with respect to trials, including seven new chapters on subjects ranging from trial governance, and preliminary studies to pilot testing.
  accounting for pass through grants: Accountants' Handbook, Special Industries and Special Topics D. R. Carmichael, Paul H. Rosenfield, 2003-05-13 The premier accounting reference, revised and expanded The Accountants' Handbook series has the longest tradition of any reference of providing comprehensive coverage of the field to both accounting professionals and professionals in other fields who need or desire quick, understandable, and thorough exposure to complex accounting-related subjects. Like its predecessors, the Tenth Edition is designed as a single reference source that provides answers to all reasonable questions on accounting and financial reporting asked by accountants, auditors, bankers, lawyers, financial analysts, and other preparers and users of accounting information. Written by nationally recognized accounting professionals, including partners in major public accounting firms, financial executives, financial analysts, and other relevant business professionals, the Handbook covers both financial accounting and reporting and industry specific accounting issues in separate volumes for easy reference. Its comprehensive content provides analysis on over 43 critical areas of accounting.
  accounting for pass through grants: OJP Guideline Manual , 1985
  accounting for pass through grants: Accounting and Valuation Guide: Assets Acquired to Be Used in Research and Development Activities AICPA, 2016-11-07 This new guide provides guidance and illustrations regarding the initial and subsequent accounting for, valuation of, and disclosures related to acquired intangible assets used in research and development activities (IPR&D assets). This is a valuable resource for preparers of financial statements, auditors, accountants and valuation specialists seeking an advanced understanding of the accounting, valuation, and disclosures related to acquired IPR&D assets.
  accounting for pass through grants: FRS 102 , 2015
  accounting for pass through grants: Audit and Accounting Guide AICPA, 2018-07-11 With all the recent changes in state and local government audit and accounting, including changes to some of the more complex areas such as pensions and post-employment benefits other than pensions (OPEB), accountants and financial managers can't afford to be without the most current guidance. This authoritative guide provides complete coverage of audit and accounting considerations critical for both preparers and auditors. This edition includes two new schedules: Governmental Employer Participation in Single-Employer Plans: Illustrative Schedule of Pension Amounts and Report; and, Illustrative Notes to Schedule of Employer Allocations and Schedule of Pension Amounts. It also provides insights, comparisons, and best practices for financial reporting and the financial reporting entity, revenue and expense recognition, capital asset accounting, the elements of net position, accounting for fair value, municipal securities offerings, tax abatements and much more.
  accounting for pass through grants: Governmental GAAP Practice Manual Michael A. Crawford, D. Scot Loyd, 2008-11 Governmental GAAP Practice Manual: Including GASB-34 Guidance demonstrates, in a detailed manner, how governmental entity can implement the complex standards established by GASB-34 and beyond through a worksheet approach. (A companion publication, Governmental GAAP Guide, discusses financial accounting and reporting standards necessary to prepare the basic external financial statements of a governmental entity.) The emphasis of Governmental GAAP Practice Manual is on the process of preparing financial statements.
  accounting for pass through grants: Federal Register , 2013-12
  accounting for pass through grants: Internal Revenue Bulletin United States. Internal Revenue Service, 1996
  accounting for pass through grants: Code of Federal Regulations , 1997 Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries.
  accounting for pass through grants: AICPA Audit and Accounting Guide State and Local Governments AICPA, 2017-09-25 With all the recent changes in state and local government audit and accounting, including changes to some of the more complex areas such as pensions and postemployment benefits other than pensions (OPEB), you can't afford to be without the most current guidance. This authoritative guide provides complete coverage of audit and accounting considerations critical for both preparers and auditors. This 2017 edition includes a new chapter on best practices for OPEB accounting, reporting, and auditing. It also provides insights, comparisons, and best practices for financial reporting and the financial reporting entity, revenue and expense recognition, capital asset accounting, the elements of net position, accounting for fair value, and much more.
  accounting for pass through grants: Wiley Not-for-Profit GAAP 2010 Richard F. Larkin, Marie DiTommaso, 2010-03-08 The most practical, authoritative guide to not-for-profit GAAP Wiley Not-for-Profit GAAP 2010 is a comprehensive, easy-to-use guide to the accounting and financial reporting principles used by not-for-profit organizations. Written with your needs as a financial statement preparer, user, and attestor in mind, this guide provides a complete review of the authoritative accounting literature that impacts all types of not-for-profit organizations. At the same time, Wiley Not-for-Profit GAAP 2010 features many examples and illustrations that will assist you in applying authoritative literature to real-life situations. Easy-to-use information that enables you to find needed information quickly Coverage of accounting principles specifically related to not-for-profit organizations, as well as accounting principles applicable to all types of organizations Specific coverage of accounting issues for different types of not-for-profit organizations A comprehensive disclosure checklist that helps financial statement preparers and attestors ensure that all disclosures required by GAAP have been considered Many examples and illustrations that make putting accounting theory into practice an easy task Wiley Not-for-Profit GAAP 2010 strives to be a thorough, reliable reference that you'll use constantly. It's designed to be kept on your desk rather than on your bookshelf.
  accounting for pass through grants: Government and Not-for-Profit Accounting Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese, 2021-11-09 Government and Not-for-Profit Accounting: Concepts and Practices, 9th Edition delivers a comprehensive exploration of accounting and reporting standards and practices. Fully compliant with the latest changes in the GASB, FASB, and AICPA, this practical text encourages critical thinking about the rationale behind the rules and regulations. Issues of critical importance to the public and not-for-profit sectors are discussed at length.
  accounting for pass through grants: Monthly Catalog of United States Government Publications ,
  accounting for pass through grants: Departments of Labor, Health and Human Services, Education, and related agencies appropriations for 1985 United States. Congress. House. Committee on Appropriations. Subcommittee on the Departments of Labor, Health and Human Services, Education, and Related Agencies, 1984
  accounting for pass through grants: IFRS 5 Non-current Assets Held for Sale and Discontinued Operations International Accounting Standards Board, 2004
  accounting for pass through grants: Governmental Accounting and Auditing Update Melisa F. Galasso, 2020-07-21 Be prepared for change by ensuring that you are current in accounting and auditing developments affecting government. Learn the latest accounting and auditing developments affecting governments by covering these hot topics: Risk assessment Documentation Leases Yellow Book Major program determination New GASB pronouncements
  accounting for pass through grants: Guidelines for Public Expenditure Management Mr.Jack Diamond, Mr.Barry H. Potter, 1999-07-01 Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy considerations than the more mundane matters of public expenditure management. For many years, the IMF's Public Expenditure Management Division has answered specific questions raised by fiscal economists on such missions. Based on this experience, these guidelines arose from the need to provide a general overview of the principles and practices observed in three key aspects of public expenditure management: budget preparation, budget execution, and cash planning. For each aspect of public expenditure management, the guidelines identify separately the differing practices in four groups of countries - the francophone systems, the Commonwealth systems, Latin America, and those in the transition economies. Edited by Barry H. Potter and Jack Diamond, this publication is intended for a general fiscal, or a general budget, advisor interested in the macroeconomic dimension of public expenditure management.
  accounting for pass through grants: Governmental and Nonprofit Accounting Robert J. Freeman, Edward S. Lynn, Craig D. Shoulders, 1988
  accounting for pass through grants: Wiley GAAP for Governments 2016: Interpretation and Application of Generally Accepted Accounting Principles for State and Local Governments Warren Ruppel, 2016-02-08 The essential reference for governmental GAAP application Wiley GAAP for Governments 2016 provides the latest information on GAAP, with coverage designed specifically for government entities. With a focus on the practical rather than the academic, this book provides insightful, up to date implementation information and explanations of the important developments in governmental GAAP that have occurred in the past year. Exclusive coverage includes school districts, public authorities, and individual pension plans financial statements, with a disclosure checklist that helps preparers ensure compliance. Visual aids help facilitate the reader's understanding of the material, providing a comprehensive guide to financial reporting for governments at the state and local level. This reliable guide is an industry favourite for its accessibility, completeness, and relevance, helping readers achieve and maintain compliance with minimal burden. Governmental accounting standards are continuously being released, growing in complexity with each iteration. Wiley GAAP for Governments is updated annually to provide the most up-to-date information available, with thorough explanations and expert implementation advice. Get up to speed on the newest accounting pronouncements Understand how GAAP applies to government bodies and pension plans Refer to disclosure checklists designed specifically for government entities Study flowcharts, diagrams, and charts to gain a deeper understanding This user-friendly guide is organized for easy navigation, and designed to help preparers quickly find, understand, and apply the information they need. Expert guidance through the increasing complexity of preparation and implementation of relevant changes is what makes Wiley GAAP for Governments 2016 the reference financial professionals keep on their desks rather than on their bookshelves.
  accounting for pass through grants: Accountants' Handbook, Volume 2 D. R. Carmichael, O. Ray Whittington, Lynford Graham, 2007-04-06 This highly regarded reference is relied on by a considerable part of the accounting profession in their day-to-day work. This handbook is the first place many accountants look to find answers to practice questions. Its comprehensive scope is widely recognized and relied on. It is designed as a single reference source that provides answers to all reasonable questions on accounting and financial reporting asked by accountants, auditors, bankers, lawyers, financial analysts, and other preparers and users of accounting information.
  accounting for pass through grants: The Intergovernmental Grant System as Seen by Local, State, and Federal Officials United States. Advisory Commission on Intergovernmental Relations, 1977
  accounting for pass through grants: Higher Education Finance Research Mary P. McKeown-Moak, Christopher M. Mullin, 2014-02-01 There is a void in the literature on how to conduct research in the finance and economics of higher education. Students, professors, and practitioners have no concise document that examines the field, provides history, definitions of terms, sources of data, and research methods. Higher Education Finance Research: Policy, Politics, and Practice fills that void. The book is structured in four parts. The first section provides a brief history and description of the general organization of American higher education, the sources and uses of funds over the last 100 years, and who is served in what types of institutions. Definitions of terms that are unique to higher education are provided, and some basic rules for conducting research on the economics and finance of higher education are established. Although in some ways, conducting research in higher education funding is similar to that for elementary/secondary education, there are some important distinctions that also are provided. The second section introduces guiding philosophies, sources of data, data elements/vocabulary, metrics, and analytics related to institutional revenues and expenditures. Chapters in this section focus on student oriented revenues, institutionally-oriented revenues, and funding formulas. The third section introduces accountability-related concepts by first examining the accountability movement in higher education and performance-based approaches applied in budgeting and funding, then looking at methods to determine public and private returns on investment in postsecondary education, and closing with an examination of finance from the perspective of the primary consumer: students. The fourth and last section of the book focuses on presenting postsecondary finance research to policy audiences to assist in connecting academic research and policy making. Chapters focus on accounting for time considerations in analysis, the placing of data in context to make the data and findings relevant, and ways to effectively communicate findings to various policy-making audiences.
  accounting for pass through grants: Wiley GAAP for Governments 2017 Warren Ruppel, 2017-07-31 GAAP for Governments 2017: Interpretation and Application of GENERALLY ACCEPTED ACCOUNTING PRINCIPLES for State and Local Governments -- Contents -- Preface -- About the Author -- 1: New Developments -- Introduction -- Recently Issued GASB Statements and Their Effective Dates -- Exposure Drafts -- Exposure Drafts-Implementation Guides -- Exposure Draft-Omnibus 201X -- Exposure Draft-Certain Debt Extinguishment Issues -- Exposure Draft-Leases -- Invitation to Comment -- Financial Reporting Model Improvements-Governmental Funds -- GASB Project Plan -- Summary -- 2: Foundations of Governmental Accounting -- Introduction -- Chapter Overview -- Entities Covered By Governmental Accounting Principles -- Distinguishing a Governmental Entity from a Not-for-Profit Organization -- Overview of the History of Governmental Accounting Standards Setting -- Objectives of Governmental Accounting and Financial Reporting -- GASB Concepts Statement 1 -- Primary Characteristics of a Government's Structure and the Services It Provides -- Control Characteristics Resulting from a Government's Structure -- Objectives of Financial Reporting -- Communication Methods -- Concepts Statement 3-Communication Methods in General-Purpose External Financial Reports that Contain Basic Financial Statements -- Elements of Financial Statements -- Measurement of Elements of Financial Statements -- Hierarchy of Governmental Accounting Standards -- GAAP Hierarchy for Governments -- Codification of Certain FASB and AICPA Accounting and Financial Reporting Guidance -- Summary -- 3: Fund Accounting Fundamentals -- Introduction -- Definition of Fund and the Purpose of Fund Accounting -- Why Do Governments Use Fund Accounting? -- Fund Accounting Under the GASBS 34 Reporting Model -- How Is the Number of Funds to Be Established Determined?
  accounting for pass through grants: Government financial reporting manual 2010-11 Great Britain: H.M. Treasury, 2010-04-15 Known as FReM. Ring binder available separately (ISBN 9780115601422). Also available with binder (ISBN 9780115601439)
  accounting for pass through grants: Handbook of Public Administration James L. Perry, Robert K. Christensen, 2015-03-02 The fundamentals of public administration, from the world's leading practitioners Handbook of Public Administration is the classic, comprehensive guide to the field, featuring original writings from the world's foremost public administration thought leaders and practitioners. Intended to help both public administration students and practitioners navigate administrative challenges, overcome obstacles, and improve effectiveness, this guide provides a complete overview of the entire field. The information is organized into seven parts representing key domains of knowledge and practice that are essential for effective public administration. These reflect changes in the state of modern public administration, the factors that influence policies and programs, the mechanics of how government works, and the tools that help administrators get things done. Readers will find insightful discussions on the challenges of contemporary governance and the ethics of public administration, as well as practical guidance on the everyday operations that bring effective policies and programs to life. Students and experienced practitioners alike will appreciate the well-rounded approach to issues public administrators face every day. The book is complete enough to act as a text, but organized logically for quick reference for specific problems or situations. Readers will: Understand the challenges posed by the changing context of public administration Explore how relationships and decisions influence public policies and programs Learn the critical skills and tools public administrators must master to be effective Explore the ethics and liabilities of public administration, and what it means to take part The role of public administration is evolving, and the changing nature of the field will impact the way policies and programs are designed and implemented. This book fully explores current and upcoming changes domestically and internationally against the backdrop of public administration fundamentals. For the student or professional seeking a deeper understanding of the public administrator's role, Handbook of Public Administration is a clear, comprehensive resource.
  accounting for pass through grants: Private Foundations Bruce R. Hopkins, Jody Blazek, 2004-03-01 Private foundations are a special niche of the nonprofit sector. They are allowed to remain relatively tax-exempt in exchange for supporting charitable activities. There are more than 50,000–and growing–private foundations in the United States holding assets worth more than $230 billion. Private foundations are subject to a unique and complex set of (mostly tax) regulations that govern everything from how much money they give away to their investment policies and procedures. This much needed, annually updated manual explicates a wide range of tax rules and regulations for these foundations and prepares them for the increasing scrutiny of the IRS. Co-authored by a lawyer and tax accountant, the revised and expanded second edition of this highly respected guide includes practical tax compliance suggestions and in-depth legal explanations, line-by-line instructions, sample-filled IRS forms, and complete citations.
  accounting for pass through grants: AICPA Audit and Accounting Manual , 1996
  accounting for pass through grants: Monthly Catalogue, United States Public Documents , 1995
  accounting for pass through grants: The Code of Federal Regulations of the United States of America , 1999 The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government.
  accounting for pass through grants: The Impact of the Federal Budget on Cities United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on the City, 1977
  accounting for pass through grants: Legal Opinions of the Office of General Counsel of the Law Enforcement Assistance Administration United States. Law Enforcement Assistance Administration. Office of General Counsel, 1974-07
  accounting for pass through grants: The Green Book Great Britain. Treasury, 2003 This new edition incorporates revised guidance from H.M Treasury which is designed to promote efficient policy development and resource allocation across government through the use of a thorough, long-term and analytically robust approach to the appraisal and evaluation of public service projects before significant funds are committed. It is the first edition to have been aided by a consultation process in order to ensure the guidance is clearer and more closely tailored to suit the needs of users.
  accounting for pass through grants: Semiannual Report of the Inspector General United States. Department of Commerce. Office of the Inspector General, 1995
  accounting for pass through grants: New Federalism United States. Congress. Joint Economic Committee, 1983
  accounting for pass through grants: California School Accounting Manual , 2008
GASBS 24—Accounting and Financial Reporting for Certain …
This Statement establishes accounting and financial reporting standards for pass-through grants, food stamps, and on-behalf payments for fringe benefits and salaries. Pass-through grants are …

NO. 111-A JUNE 1994 Governmental Accounting Standards …
This Statement establishes accounting and financial reporting standards for pass-through grants, food stamps, and on-behalf payments for fringe benefits and salaries. Pass-through grants are …

Accounting for tax credits generated by pass-through entities
Pass-through entities, such as entities taxed as partnerships, are one of the more popular methods to structure projects that generate tax credits. This article summarizes certain …

Statewide Accounting Policy & Procedure - State Accounting …
o Pass-through Grants are grants which are received by a governmental organization to transfer or spend on behalf of a secondary recipient. All cash pass-through grants received by an …

Accounting for Grants: Restricted, Conditional and Everything …
May 5, 2024 · Accounting treatment for each type. Case studies to practice deciphering grant language, identifying grantor and grantee obligations, applying professional judgment, and …

Accounting Bulletin #2008-02 - PA.GOV
GASB Statement #24 addresses the proper accounting for pass-through grants. According to this statement, “All cash pass-through grants received by a governmental entity (referred to as a …

3. ACCOUNTING
Reporting for Certain Grants and Other Financial Assistance, defines pass-through grants as those grants and other financial assistance received by a governmental entity (recipient …

ACCOUNTING FOR GRANTS - Groundworks
Jun 30, 2008 · It is important to inquire of the awarding agency if the award is considered a pass-through federal award. Federal cash assistance to individuals is not considered federal grants …

Pass Through Grant Accounting (Download Only)
Pass Through Grant Accounting: Accounting and Financial Reporting for Certain Grants and Other Financial Assistance Financial Accounting Foundation. Governmental Accounting …

Presented by : Monica Yaple, CPA - Grant Writing Made Easy
Pass-through and Nondiscretionary Assistance Grants: If grantor specifies the secondary recipients to whom the grant proceeds must be transferred – The Not-For Profit is acting as an …

State of Arizona Accounting Manual - gao.az.gov
Agencies that initially receive grant monies from the Federal Government frequently redistribute—or pass-through—grant proceeds to other agencies or to organizations to carry …

I. Introduction to Accounting for Grants and Contracts
Grants and contracts awarded by the federal government are subject to federal government administrative requirements, cost principles, and audit requirements. Previously RIT followed …

SORP and the accruals basis for accounting for grants
The aim of this briefing is to assist the engagement strands to reflect on the current approach to accounting for grants and to consider the possibility of permitting charities to use the accruals …

KPMG report: Accounting for tax credits generated by …
Pass through entities, such as entities taxed as partnerships, are one of the more popular methods to structure projects that generate tax credits. This article summarizes certain …

GAO-13-392, Grants Management: Oversight of Selected …
Grant programs in which states are awarded federal grants but then pass funds on to subrecipients—entities within states’ jurisdiction—are referred to as “pass-through grants.” …

Accounting Bulletin #1998-01 - PA.GOV
Jul 10, 1998 · Questions regarding pass-through grants center around how secondary recipients should distinguish between pass-through grants and reimbursements, and whether a …

Pass-Through Grant Setup and Functionality - Horry County …
Module: Project Accounting Topic: Grants Pass-Through Grants Munis Version 2018.1 . Overview. This document provides instructions on how to setup a ‘Pass-Through Grant’ when adding a …

Pass-Through Grants Reimbursement Manual - Minnesota …
Pass-through grants are reimbursement based. The grantee must pay for project expenses prior to seeking reimbursement. Eligible expenses are then reimbursed, under the terms of the …

Grants Management Guidance for Non-Profit Organizations:
Dec 31, 2010 · successful grants management system that: Has an accounting structure that provides accurate and complete information about all financial transactions related to each …

CALIFORNIA SCHOOL ACCOUNTING MANUAL - California …
Accounting for Acquisition of Capital Assets ..... 430-2 Valuation of Property and ... Procedure 750 Pass-Through Grants and Cooperative Projects Revised November 2024 ..... 750-1 . Cash …

Table of Contents: Chapter 7 Purchasing and Disbursements
Grants 21. Grants-in-Aid expenditures, as per annual Grants-in-Aid legislation (Annual Bill passed by General Assembly) 22. Federal funds expenditures 23. Welfare and Assistance grants …

ABFR CHAPTER 11 Schedule of Expenditures of Federal …
awarding agency or pass-through entity provides a specific level of support without regard to actual costs incurred under the Federal award. This type of Federal award reduces some of the …

Frequently Asked Questions - AmeriCorps
The following is a description of NGAs issued by CNCS. Many fixed amount grants are awarded as pass-through sub-grants issued by national direct and State service commission prime …

Implementing the Uniform Guidance - U.S. Department of …
The Uniform Guidance is now in effect for grants awarded on or after 12/26/2014 . 6 ... The entity must make available, upon request from the Department or a pass-through entity, technical …

International Public Sector Accounting Standards Funding …
d) For pass-through grants, guidance on accounting for advance transfers to implementing partners vs. beneficiaries; guidance on the definition of an agent in this context; see section 7.1 …

CHARITIES SORP (FRS 102) - GOV.UK
accounting and reporting by charities: ... general principles for recognising income from donations and grants ..... 52 identification of terms and conditions ... accounting for activities partly …

(GAAP Manual Part 1: Charts of Accounts, Budgeting and …
Certain Grants and Other Financial Assistance (Formerly Pass-Through Grants) 3.7.2 Expenditures 3.8 Confidential Funds (Drug Buy Money, Investigative Funds) 3.8.9 Electronic …

CALIFORNIA SCHOOL ACCOUNTING MANUAL - OCDE
Publishing Information. The . California School Accounting Manual (2019 Edition) was approved by the California State Board of Education on January 9, 2019.

Grant Reimbursement Manual Contents
The State of Minnesota, acting through its Commissioner of the Natural Resources, administers federal pass-through grant projects for Minnesota’s Lake Superior Coastal Program. Coastal …

Fund Accounting for Townships and Districts - ohioauditor.gov
• Effective cash-basis fund accounting is accomplished through the use of journals and ledgers. • Cash Journal ... transactions, with the exception of pass-through grants, for which the …

Language Provisions - The Official Web Site for The State of …
Division of Budget and Accounting: emergency disaster aid funds including grants for preventive measures; pass-through grants to political ... Division of Budget and Accounting shall notify the …

Budgeting, Accounting and Reporting System (BARS)
Jan 30, 2024 · Awards (Formerly Grants) Certain Grants and Other Financial Assistance (Formerly Pass-Through Grants) 3.7.2 Federal Awards – Accounting (Formerly Grants – …

Ohio Auditor of State
villages to maintain uniform accounting practices. 3/7/2019 2 Numeric Account Code •Fund •Receipt-forrevenues •Program-forexpenditures •Object-forexpenditures ... 424 State - Pass …

Cash Basis - Office of the Washington State Auditor
Oct 29, 2021 · Grants 3.7 Grants Accounting 3.7.1 Pass-Through Grants 3.7.2 Expenditures 3.8 Confidential Funds (Drug Buy Money, Investigative Funds) 3.8.9 Electronic Funds Transfer – …

DOJ Grants Financial Guide - Office of Justice Programs
Mar 31, 2022 · Recipients are required to adhere to all applicable uniform (grants) administrative requirements, cost principles, and audit requirements set forth in 2 C.F.R. Part 200 and other …

FEMA Systems FAQ
reports and interfaces with FEMA’s accounting system. PMS is a tool to help draw down funds and file the Federal Financial Report (FFR) . Primary responsibilities include: Executing …

Accounting for Fiduciary Activities -- Agency Funds & Trust
Accounting for Fiduciary Activities -- Agency Funds & Trust. 2 ... Pass-Through Grants "Grants, Entitlements, Shared Revenues "Lack of Administrative Involvement & / or Direct Financial …

Chapter 4: POST-AWARD - HUD.gov
Requirements for pass-through entities are found in in the program regulations and 2 CFR part 200 (e.g., 2 CFR 200.332). 5. The pass-through entity must handle any non-compliance issues …

FINANCIAL MANAGEMENT GUIDE FOR NON-PROFIT …
General for guidance. Please note also that the pass-through funds retain their Federal identify for A-133 audit threshold determinations. SHORTCOMINGS TO AVOID Audits, evaluations and …

California SChool aCCounting Manual - ocde.us
aCCounting Manual . 2008 Edition . oficially approved by the . California State Board of Education . in accordance with . Education Code. Section 41010 ... Procedure 750 Pass-Through Grants …

GOVERNMENTAL ACCOUNTING 101 - HintonBurdick
FUND ACCOUNTING Governmental accounting systems are organized and operated on a fund basis. A fund is defined as: A fiscal and accounting entity with a self-balancing set of accounts …

State of Arizona Accounting Manual - gao.az.gov
3.8.5. The effective implementation of a pass-through entity’s monitoring plan may also result in the identification of potential areas for training and technical assistance. 3.9. Pass-through …

CALIFORNIA SCHOOL ACCOUNTING MANUAL - OCDE
The California School Accounting Manual (2016 Edition) was approved by the California State Board of Education on March 9, 2016. The members of the State Board were the following: Dr. …

Cost Allocation Plans and Indirect Cost Rates under the …
– Pass‐through entities may, but are not required to, negotiate a rate with a proposed subrecipient who asks to do so (FAQ .331‐6) 38 Subpart E Cost Principles • Modified Total Direct Costs …

Annual Pass-Through Grant Training - Minnesota …
DNR Pass-Through Grants Website . 5 . The Reimbursement Manual is one of the core documents this presentation is structured around, and contains the procedures you’\൬l need …

Cash Basis - Office of the Washington State Auditor
Awards (Formerly Grants) 3.7 Certain Grants and Other Financial Assistance (Formerly Pass-Through Grants) 3.7.2 Federal Awards (Formerly Grants Accounting) 3.7.1 Expenditures 3.8 …

CATEGORICAL PROGRAMS - Cloudinary
• Pass through federal categorical programs: For pass through grants, the State of California is the recipient organization and the school district is the subrecipient. Pass through categorical - …

Accounting For Pass Through Grants (2024) - x-plane.com
Accounting For Pass Through Grants and Bestseller Lists 5. Accessing Accounting For Pass Through Grants Free and Paid eBooks Accounting For Pass Through Grants Public Domain …

Language Provisions - The Official Web Site for The State of …
Division of Budget and Accounting: emergency disaster aid funds including grants for preventive measures; pass-through grants to political ... Division of Budget and Accounting shall notify the …

Accounting For Pass Through Grants (Download Only)
Accounting for pass-through grants is governed by a complex web of regulations and accounting standards. Key standards include the Uniform Guidance (2 CFR 200), which provides …

FINANCIAL MANAGEMENT GUIDE FOR NON-PROFIT …
General for guidance. Please note also that the pass-through funds retain their Federal identify for A-133 audit threshold determinations. SHORTCOMINGS TO AVOID Audits, evaluations and …

Training for EPA Pass-Through Grant Applicants, Recipients, …
EPA staff work with pass-through entities to: • Include the aggregate amount for subawards in a line item in the narrative for the “Other” budget category of the Standard Form (SF) 424A, …

Accounting For Pass Through Grants [PDF] - x-plane.com
Accounting For Pass Through Grants Uncover the mysteries within is enigmatic creation, Accounting For Pass Through Grants . This downloadable ebook, shrouded in suspense, is …

Theodore Roosevelt Conservation Partnership, Inc.
May 3, 2021 · Pass through grants. 39,083 . 1,000 - 1,000 40,083 Professional services: Legal. 9,473 - ... The accompanying policies of the organization are in accordance with accounting …

CALIFORNIA SCHOOL ACCOUNTING MANUAL - OCDE
Accounting Instructions for Abatement of Revenue ..... 515-1 Items Allowable as Abatements of Revenue ..... 515-1 Relationship of Abatements of Revenue to Revenue Control ... Procedure …

Subrecipient Monitoring Of Federal Grants
• Pass-through entity – Reviews adequacy of their proposed plan – Issues management decision • Subrecipient: – Conforms with steps listed in the corrective action plan • Pass-through entity: – …

Federal Grant Procedures For New Business Managers
School Audit Manual - brief summary of MDE pass through grants, including key requirements • Audit Alert issued Office of Audits • Grantor approved budget for each grant • Reimbursement …

Auditor of State Bulletin 2020-003
Feb 27, 2020 · Governmental Accounting Standards Board Statement No. 84 – Fiduciary Activities Page 2 . Fiduciary Component Units . GASB 84 establishes criteria in paragraphs 6 …

Accounting for the Employee Retention Credit and the Pass …
Feb 2, 2024 · H. Accounting for Dubious ERC Claims- IRS Withdrawal Program- 2024 26. Test Your Knowledge #1 31 Solutions and Suggested Responses #1 33 III. Accounting- Financial …

2025 LGOC Fund Accounting - ohioauditor.gov
Fund Accounting Presented by: Michelle R. Wears, CPA LGS Chief Project Manager Justin W. Sloan, CGFM ... voluntary nonexchange transactions, with the exception of pass-through …

CALIFORNIA SCHOOL ACCOUNTING MANUAL
Accounting for Acquisition of Capital Assets ..... 430-2 Valuation of Property and ... Procedure 750 Pass-Through Grants and Cooperative Projects Revised November 2024 ..... 750-1 . Cash …

CALIFORNIA SCHOOL ACCOUNTING MANUAL - ocde.us
California School Accounting Manual (2013 Edition) was approved by the California State Board of Education on November 7, 2013. The members of the State Board were the following: Dr. …

Fund Accounting for Townships Course Catalog - Ohio Auditor
Fund Accounting for Townships 2 Course Catalog • Part of a three-course session 1. Fund Accounting for Townships 2. Chart of Accounts for Townships ... with the exception of pass …

The Devil Is in the Details: Distinguishing Subrecipient Awards …
The distinction between subawards (pass-through grants) and procurements under grants (contracts) has been an issue in single audits conducted under Circular A-133 as far back as …

Accounting For Pass Through Grants (PDF) - x-plane.com
Accounting For Pass Through Grants Accounting for Pass-Through Grants: A Comprehensive Guide Author: Dr. Evelyn Reed, CPA, CGMA Dr. Evelyn Reed is a certified public accountant …

INSTRUCTIONS FOR COMPLETING THE - hpo.nc.gov
May 10, 2024 · Total funding for CLG pass-through grants for local projects in 2024 is estimated to be approximately $140,000, depending on Congressional action. This amount is at least ten …

Indirect Cost Rate Questions and Answers - Office of …
Flow-through funds: Flow-through funds (Pass-through Grants) are grants and other financial assistance received by a governmental entity (school district) to transfer to or spend on behalf …

FISCAL POLICY AND PROCEDURES MANUAL - Alabama
Rev. 02/2024 State of Alabama Fiscal Policy and Procedures Manual P a g e | 5 2. Emergency Purchases Greater Than $5,000.00 and Up To $25,000 (Ala. Admin.

Library Fund Accounting - Ohio Auditor
transactions, with the exception of pass-through grants, for which the government does not have administrative involvement or direct financial involvement 16 ... • All money received by the …