Optimize revenues, lower costs, and manage funds: Uniform Guidance and federal cost accounting compliance
BerryDunn’s trusted team of experienced attorneys, government accountants, actuaries, cost analysts, health economists, and statisticians can help you develop and implement processes, procedures, and technology to better manage your grants, increase your federal revenues, and improve compliance with federal grant and cost accounting requirements.
We have extensive experience with federal cost accounting requirements under the Uniform Guidance, and helping city, county, and state clients develop innovative funding models to optimize their use of American Rescue Plan Act (ARPA) grants. We can help you access new funding and develop the processes and procedures needed to increase federal revenues, lower costs, and improve compliance with federal requirements.
We analyze the factors that drive your costs and revenues and develop mechanisms to help you with:
- Revenue optimization―Identify reimbursable costs for a wide variety of federal programs, including ARPA, Coronavirus State and Local Fiscal Recovery Funds (SLFRF), Medicaid, CHIP, Title IV-E, Title IV-D, and other federal grants
- ARPA grant management―Identify, document, and claim ARPA eligible costs, report expenditures and performance data, and ensure cost accounting complies with federal requirements
- Uniform Guidance and subrecipient monitoring―Properly document costs you claim for ARPA, SLFRF, Medicaid, CHIP, Title IV-E, Title IV-D, and other federal grants
- Cost analysis and recovery―Build innovative tools, such as cost allocation plans and rate setting, that help you meet and exceed your financial goals and objectives
- Budget analysis and funding models―Develop budget models that enable you to provide high-quality services at reasonable costs to the people you serve
- Data analytics―Analyze cost and performance data to better understand what factors drive costs and develop processes, procedures, and technology to manage those costs
- Child welfare financing―Optimize recovery of Medicaid, Title IV-E, and Family First funding, and offer guidance on implementing and complying with Family First Prevention Services Act (Family First), and increasing Medicaid and Title IV-E eligibility and claiming
- Public health financing―Fund public health initiatives by establishing a Health Services Initiative (HSI) under your state’s CHIP program and leveraging Early Periodic Screening Diagnosis and Treatment (EPSDT)
- Substance Use Disorder (SUD) funding―Identify ways to fund SUD services to address the opioid and crystal methamphetamine epidemics
- Cannabis accounting, auditing, and economic impact―Assess your controls and minimize the risk of tax evasion and the diversion of marijuana products to illegal markets
To learn more about the services we offer, or if you have a specific question regarding your situation, please contact Steven Whitney.