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.
Check the financial requirements outlined in the grant guidelines to ensure compliance with funding rules.
Evaluate the budget proposed in the grant application for accuracy and reasonableness in relation to project goals.
Confirm that all cost estimates in the proposal are supported by adequate justification and align with market rates.
Check if there are requirements for matching funds and verify that the applicant provides evidence of secured matching contributions.
Review the most recent financial statements of the applicant to assess financial stability and performance.
Ensure that the applicant has sound internal controls in place for proper management of grant funds.
Look into the applicant's performance on previous grants to assess their capability and reliability in managing funds.
Record all findings and evaluations in a summary document for discussion and decision-making.
Obtain necessary approvals from relevant stakeholders before finalizing and submitting the grant application.