Development News for Auburn Hills, Michigan

Guidance Released for FY23 Grow Your Own Grant Closeout

This video provides guidance on closing out FY23 Grow Your Own (GYO) grants, outlining five core principles: candidates first, financial intentionality, planned final reporting, dedicated support channels, and reflection on lessons learned. It details the sunset guidance, important dates like the September 30th, 2026 liquidation deadline, and updates on allowable costs and reporting requirements. The video also emphasizes continuous communication, updated resources on the GYO website, and available support through office hours and a dedicated email hotline for grantees. Key dates for reporting include budget, expenditure, and performance reports in July, with the final expenditure report due November 29th. The session also covers financial best practices, including record-keeping, drawdowns, and managing unspent funds, stressing the importance of clear communication and planning to avoid issues after the September 30th deadline. Finally, it encourages grantees to reflect on their program's impact and share success stories to inform future initiatives and secure continued funding.