Grant Accounting: business process flow

This example was designed on the base of the workflow diagram from the North Carolina Office of the State Controller website. [osc.nc.gov/sigdocs/sig_docs/documentation/policies_procedures/flow.html] "Grants are non-repayable funds or products disbursed by one party (grant makers), often a government department, corporation, foundation or trust, to a recipient, often (but not always) a nonprofit entity, educational institution, business or an individual. In order to receive a grant, some form of "Grant Writing" often referred to as either a proposal or an application is required. ... Most grants are made to fund a specific project and require some level of compliance and reporting. The grant writing process involves an applicant submitting a proposal (or submission) to a potential funder, either on the applicant's own initiative or in response to a Request for Proposal from the funder. Other grants can be given to individuals, such as victims of natural disasters or individuals who seek to open a small business. Sometimes grant makers require grant seekers to have some form of tax-exempt status, be a registered nonprofit organization or a local government. ... Project-related funding involving business, communities, and individuals is often arranged by application either in writing or online." [Grant (money). Wikipedia] The workflow diagram example "Grant Accounting: business process flow" was created using ConceptDraw PRO software extended with the Business Process Workflow Diagrams solution from the Business Processes area of ConceptDraw Solution Park.