CGA Compliance & Legal Considerations 2

Question 1

Under 2 CFR Part 200, what is the threshold for a single audit (Uniform Guidance audit)?

Accepted Answer

$750,000 in federal expenditures

Answer

The Single Audit threshold under 2 CFR Part 200 is $750,000 in federal expenditures in a fiscal year.

Question 2

Which document outlines the specific terms, conditions, and compliance requirements binding a grant recipient?

Accepted Answer

The Notice of Award (NOA)

Answer

The Notice of Award is the legally binding document that specifies the terms and conditions a recipient must comply with.

Question 3

A grantee discovers a subrecipient has been charging unallowable costs to a federal award. What is the grantee's FIRST obligation?

Accepted Answer

Require the subrecipient to repay the disallowed costs

Answer

The pass-through entity is responsible for ensuring disallowed costs are returned; requiring repayment is the direct first step before escalating.

Question 4

Which principle ensures that grant funds are used only for costs that are necessary and reasonable for the project?

Accepted Answer

Allowability

Answer

Allowability requires that costs comply with federal cost principles, are necessary, and are authorized by the award terms.

Question 5

A recipient organization has a written travel policy that applies uniformly to all projects. Under 2 CFR Part 200, which cost principle does this practice satisfy?

Accepted Answer

Consistency

Answer

Consistency requires that costs are treated uniformly across federally funded and non-federally funded activities.

(CGA) Certified Grant Administrator Practice Test

(CGA) Certified Grant Administrator Practice Test

CGA Compliance & Legal Considerations 2