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Grant Accounting Reminders

This past year has been a whirlwind of changes and innovative problem solving for nonprofits everywhere, and the last thing anyone needs is year-end adjustments to properly recording grants received. Hopefully, we can give you some comfort by providing a quick refresher! The process for deciding how to record a…

June 7, 2021

New Federal Grant Funds

Many for-profit, nonprofit, and governmental organizations are receiving new federal and state grants funds during the pandemic.  In some instances, organizations receive the funds in their bank account with limited information on how to use such funds.  In addition to limited or vague information on how and when to use…

January 21, 2021

Updates to Uniform Guidance

The Office of Management and Budget (OMB) has updated the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Audit (Uniform Guidance) originally effective in 2014.  The revisions are intended to reduce burden of grant recipients, provide guidance and clarification on requirements, and improve overall federal grant management. Most…

December 7, 2020

Changes Announced and Deadline Extended for South Dakota Small Business and Non-Profit Grants

This morning, Governor Noem announced changes to the Small Business Grants which utilize Coronavirus Relief Fund dollars to assist small businesses and start-up businesses, and small non-profit businesses. The updates will help even more businesses and include: Increasing the maximum grant from $100,000 to $500,000 Decreasing the minimum threshold from…

October 22, 2020

SD Small Business Grants Program Overview

The SD Governor’s Office of Economic Development will be conducting a program overview via a Zoom call tomorrow afternoon (Tuesday, October 13th at 3:00 p.m. MDT) for business owners that would like to participate. The link to this call is below.  There is a 1000 person limit.  If you are…

October 12, 2020