Grant Application Financial Review Checklist ( FINANCE )

This checklist is designed to ensure a thorough financial review of grant applications prior to submission. It outlines the steps necessary for evaluating the financial viability and compliance of grant proposals.

• Review Grant Guidelines

  Check the financial requirements outlined in the grant guidelines to ensure compliance with funding rules.

• Assess Budget Proposal

  Evaluate the budget proposed in the grant application for accuracy and reasonableness in relation to project goals.

• Verify Cost Estimates

  Confirm that all cost estimates in the proposal are supported by adequate justification and align with market rates.

• Ensure Matching Funds Compliance

  Check if there are requirements for matching funds and verify that the applicant provides evidence of secured matching contributions.

• Evaluate Financial Statements

  Review the most recent financial statements of the applicant to assess financial stability and performance.

• Check for Internal Controls

  Ensure that the applicant has sound internal controls in place for proper management of grant funds.

• Review Previous Grant Performance

  Look into the applicant's performance on previous grants to assess their capability and reliability in managing funds.

• Document Findings

  Record all findings and evaluations in a summary document for discussion and decision-making.

• Approval for Submission

  Obtain necessary approvals from relevant stakeholders before finalizing and submitting the grant application.