Month: January 2020

Framework of house

Don’t Risk Having Procurement Costs Disallowed

Federal grantee procurement standards, as stipulated in the “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards,” impose strict requirements on not-for-profits receiving federal funds. These standards have significantly altered nonprofit purchasing policy and documentation.  After a lengthy grace period to allow more time for implementation, the requirements became effective in calendar year

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Affordable Housing Outlook Cites Concern Over IRS Bond Caps

At a recent boot camp for affordable housing accountants, we heard several leaders voice concerns and some optimism for the coming year of affordable housing development finance and legislation.  In California and its biggest cities, there are several new laws put forth to support new construction and rehabilitation of affordable housing, but concerns over lack

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