The sgENGAGE Podcast Episode 207: Ask the Experts: Simple Budgeting for Community Health Centers

Federal grants complicate the budgeting process. You have to consider a lot of different scenarios, and you don’t have any room for error. In today’s episode, you’ll hear from Stacy Fitzsimmons and learn more about budgeting for Community Health Centers when grants are part of the picture. Listen in to learn about where to start with your budget, why you need to break costs into buckets, and how to get yourself audit-ready.

Topics Discussed in This Episode:

The biggest challenge of grant budgeting
Creating a realistic, achievable budget
Where to start with your budget
Using budget categories for your expenses
Breaking down cost buckets
Knowing how much money you’ve spent and how much is left
The joint responsibility for budgeting
Planning the budgeting cycles for different scenarios
Putting guardrails in place
How to set yourself up to be audit-ready
Documentation back-up
Having policies and procedures that support how you use your system
Using budgeting and expense tracking to tie into performance measures

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Listen Now:

Resources:

Stacy Fitzsimmons

eBook: Set up Your Community Health Center for Federal Grant Success

Whitepaper: Data-Driven Decision Making for Community Health Centers

 

Quotes:

“With this type of budgeting, you’ll also be setting yourself up for success and making sure that all of your funds are traceable within the accounting system by your grant award.”

“Why I recommend this is that you will then be able to report against your budget by these categories when you’re asked to report against it.”

“If you have documentation that supports that expense entry, upload it with your entry so that documentation is right there.”

The post The sgENGAGE Podcast Episode 207: Ask the Experts: Simple Budgeting for Community Health Centers first appeared on npENGAGE.

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