Grant Writing, Funding & Program Finance Flashcards
6 cards from real CRP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Grant Writing, Funding & Program Finance flashcards as text
What is an 'advance payment' grant disbursement, and what risk does it pose?
Answer: Funds given to the grantee before expenses are incurred, which creates risk of improper use if not properly managed
Advance payment grants provide cash upfront to cover anticipated costs, requiring strong financial controls to ensure funds are used only for authorized purposes and properly documented.
What does 'cost-sharing' mean in federal recycling grants?
Answer: The grantee contributes a required percentage of total project costs from their own or other non-federal sources
Cost-sharing (synonymous with match) requires grantees to invest their own resources alongside federal funds, demonstrating commitment and ensuring programs have sustainable funding beyond the grant.
What is a 'sub-award' in a recycling grant program?
Answer: Funds passed from a primary grantee to a secondary organization to carry out part of the grant-funded project
Sub-awards (sub-grants) allow primary grantees (like state agencies) to pass funds to sub-grantees (like local governments or nonprofits) who carry out specific components of the funded work.
What is a 'program income' requirement in grant management?
Answer: Revenue generated by grant-funded activities (like commodity sales) must be tracked and used in accordance with grant terms
When grant-funded activities generate revenue (e.g., a grant-funded MRF sells commodities), those earnings are program income and must typically be applied back to the project or federal program.
What is a 'performance measure' in recycling grant reporting?
Answer: A quantifiable indicator used to track whether the grant project is achieving its intended outcomes (e.g., tons diverted, households served)
Performance measures enable funders to objectively assess grant progress and impact; examples include tons of material diverted, number of educational events held, and percentage change in diversion rate.
What role do 'competitive grants' play in state recycling programs compared to 'formula grants'?
Answer: Competitive grants are awarded based on merit through a competitive review; formula grants are distributed by formula to all eligible entities
Competitive grants require applications that are reviewed and ranked, with awards going to strongest proposals; formula grants are allocated by statute based on factors like population or waste generation, with no competitive review.