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Government Contracts and Grants

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Federal, state and local grant and contract management and compliance continues to evolve, change and become more and more complex.   DeSalvo and Company has a team of accountants who understand the complexities of governmental grant and contractual compliance. With over 20 years of hands on experience working with governmental agencies.  We are confident we will provide the necessary expertise to help you keep your business in compliance allowing you to focus on your research and innovative milestones.

We have developed policies, procedures and infrastructure systems that allow us to manage and properly account for clients with as few as one pre award to clients with multiple grants and contracts.  

We have experience working with the following governmental agencies:

Federal SBIR/STTR awards including:

  • Department of Health and Human Services
  • National Science Foundation
  • Department of Energy
  • Department of Education
  • Department of Defense
  • Department of Agriculture
  • National Aeronautics and Space Administration
  • Environmental Protection Agency

Various state awards and agreements including:

  • Kentucky SBIR/STTR matching funds
  • Kentucky Economic Development Finance Authority
  • Kentucky Science and Engineering Foundation (KSEF)
  • Kentucky Small Business tax credit programs
  • Ohio Third Frontier
  • Jobs Ohio Loan via Ohio Development Services Agency
  • Montana SBIR/STTR
  • Oklahoma Center for the Advancement of Science & Technology (OCAST)
  • LaunchTN
  • Wyoming SBIR

Our Governmental Compliance Services Include:

  • Initial accounting framework setup including chart of accounts and initial accouinting policies and procedures.
  • Day-to-day accounting (accounts payable, accounts receivable, monthly account reconciliations, etc.)
  • Segregate costs between allowable vs unallowable, then by direct vs indirect
  • Payroll and labor distribution based upon governmental requirements.
  • Prepare payment reimbursements (Payment Mgmt System, VIPERS, ASAP, WAWF, etc.)
  • Provide actual to budget grant and contract reporting.
  • Preparation of financial statements in compliance with US GAAP and FAR policies.
  • Indirect rate negotiations.
  • Award/contract proposal budget support.
  • Prepare vouchers for contract awards, as required, by cognizant federal agencies.
  • Prepare annual incurred cost submission.
  • Provide Uniform Guidance and DCAA audit support acting on your behalf as the interface with the independent accountants including preparation of all audit schedules and audit related work papers, completion of internal controls documentation, prepare financial statements, prepare and send audit confirmation, prepare SEFA, prepare all notes to the financial statements.