Pitfalls, experiences and tips related to the management of acquired project funds
As a continuation of our previous online information session focusing on the writing of project proposals and the search for funding opportunities, the next session is dedicated to the final but equally important aspect of a project implementation: the management of received funds. During this session, together with Nadine Lorenz, our guest expert, we will discuss the following and similar topics regarding the management of the project’s finances:
- First steps after the project’s approval.
- Finance management: keeping track of the project expenses, while having in mind the different funding bodies.
- Writing an invoice.
- The difference between a fee contract and a contract for work and services in Germany.
- Spending funds: “call for payment”, “settlement offer”, “endorsement”, and “proof of payment”.
- Confidence in communicating with funding bodies.
- Writing a “Proof of use and factual report” in an uncomplicated and clear manner.
- Trello: an example of a project organising tool.
Nadine Lorenz holds a degree in Sociology and has been working in the cultural sector since 2008, focusing on the financing and implementation of art and cultural projects.
In 2008, she grounded the association WerkStadt Kulturverein, where she carried out a large number of projects and worked as its managing director until 2016. Between 2010 and 2019, Lorenz implemented various environmental projects in Nordneukölln. In 2018, Nadine Lorenz joined the team of the association Kulturnetzwerk Neukölln, where she took over the finance management of the “48 Stunden Neukölln” festival. Since 2020, together with Ilka Normann, Lorenz has been working as a co-director of the association Kulturnetzwerk Neukölln.
Through her long experience in working directly with artists, Nadine Lorenz could gain a solid insight of the pitfalls related to funding and develop an expertise in the financial management of art and cultural projects.
For registration and inquiries: firstname.lastname@example.org