GRF Publishes Board Member Guidance for Association Enterprise Risk Management
Bethesda, MD – November 4, 2024 – GRF CPAs & Advisors is proud to announce the publication of a new article, “Board Member Guidance for Association Enterprise Risk Management,” authored by Melissa Musser, Susan Colladay, and Joseph Pugh. This insightful piece is featured on the ASAE Center’s website and provides guidance for association board members…
Understanding 2024 OMB 2 CFR 200 Uniform Guidance Changes
The Office of Management and Budget (OMB) recently published its final revisions to the federal Uniform Guidance (2 CFR Part 200). This revision outlines compliance and reporting requirements for federal financial assistance, such as grants and loans. These changes become effective on October 1, 2024 and are noted as the most significant updates to Uniform…
The Road to Sustainability: Linking FAR Compliance with ESG and SDG Goals
Discover how the U.S. government’s increasing emphasis on Environmental, Social, and Governance (ESG) standards is transforming federal procurement practices. This whitepaper explores the integration of ESG objectives into the Federal Acquisition Regulation (FAR), highlighting the importance of sustainability, climate risk, and responsible supply chains for federal contractors. Learn how to develop a robust ESG strategy and achieve compliance with FAR.
Advantages and Strategic Considerations for Government Contractors with Commercial Clients
Government contractors who also serve commercial clients are uniquely positioned to leverage diverse opportunities while navigating complex regulatory environments. While this dual engagement offers significant benefits, it also requires careful management of compliance and operational strategies. Understanding the dynamics and strategic considerations of this business model provides valuable insights for contractors aiming to maximize their…
D.C. Senior Center Revitalizes its Aging Financial Infrastructure
Challenge: Aging Infrastructure A nonprofit organization dedicated to serving its senior community was struggling with its aging financial infrastructure. The organization relied on multiple disjointed systems for accounting, budgeting, development and external billing. Using outdated systems meant that staff members had to update financial reports, budgets, employee expense reports, and other key information manually using…
Maximizing Operating Reserves: Best Practices for Trade and Professional Associations
Despite the best of intentions, things don’t always go as planned. That’s why an organization’s reserves, or net assets without donor restrictions, serve as a hedge against economic fluctuations, unexpected expenses, and/or revenue shortfalls. With the financial cushion provided by reserves, your association can maintain operations and continue delivering services to members even during the…