Are you properly managing funding payments?

Key Points:

Most Agencies have sound overarching frameworks to oversee the delivery of grant funded projects, but they must be vigilant in adequately administering those funding agreements.

With the next Federal Budget imminent, it is timely for Agencies to take a look back at the past year's funding programs to assess whether they achieved the relevant program outcomes and whether there are any lessons learned in ensuring proper grant administration.

In order to maximise the benefits from grant funding (benefits such as innovative ideas, new collaborative partnerships and value for money outcomes), Agencies need to ensure that their grant administration processes are undertaken efficiently, effectively and so as to achieve Australian Government policy outcomes.