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CHCC tells committee it manages dozens of grants, received foundation start‑up donations, and has audit backlog to resolve
Summary
CHCC said a five‑person grants office manages more than 50 awards and reported roughly $1.5 million in indirect cost recoveries; the CHCC Foundation has begun fundraising but has minimal donations to date; CHCC has an audit backlog and will provide receivable and audit updates to the committee.
CHCC officials described grant activity, the nascent CHCC Foundation, and outstanding audit and financial‑systems issues during the budget hearing.
Grants office and indirect cost: CHCC said it has a five‑person grants management office overseeing more than 50 grants. The CFO said not all grants include indirect cost; CHCC reported receiving about $1,500,000 in indirect cost recoveries that are used to fund cross‑cutting support functions including HR, accounting, procurement, audit and the…
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