Government Executive featured REI Systems’ Senior Director Jeff Myers and Grants Program Manager Rujuta Waknis in...Jun 26, 2018
Despite the magnitude of grant activities today, many Federal, state, local, and non-profit organizations still struggle with effectively and efficiently managing these funds.
The disbursement of grants represents a meaningful portion of the Federal budget. With more than $600 billion in grants disbursed each year, grants represent more than 20% of Federal Government spending. Grant-making organizations are responsible for driving mission outcomes through their recipients, which can be difficult when grantors do not have direct control of grantees. Despite a lack of direct control, agencies must comply with laws and regulations requiring strong financial controls to minimize fraud, waste, and abuse while also measuring performance outcomes and compliance.