When federal funds are used to acquire property, purchase equipment, or carry out capital projects, recipients must navigate a complex set of regulatory requirements. These requirements are intended to ensure transparency, accountability, and proper stewardship of public funds. Thus, understanding the technical and compliance aspects of these transactions is critical.
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Oct 30, 2025
Oct 23, 2025
Creating a policy is like making a decision when you have time to be thoughtful, to do adequate research, and to consult colleagues and other professionals rather than making decisions in haste as circumstances arise. Creating thoughtful policies is a fundamental risk management strategy and a hallmark of good stewardship.
It may seem hard to distinguish between policy vs. procedure, but think of one as intent and the other as the mechanics of carrying out the intent. Policies should be clearly written to make the accountability intent apparent.
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