Financial Basics of Grants

This session will cover the most important financial concepts and terms encountered in federal grant applications and grant management requirements. The terms will be explained in plain language with plenty of examples to illustrate how they apply to the grant lifecycle in real life. Participants will be invited to help build a sample budget in real time.

Learning Objectives:

• Recall allowable vs. unallowable costs under Uniform Guidance.
• Explain the difference between direct, indirect, and cost-share requirements.
• Build a sample grant budget aligned with financial best practices.