Grant Writing Grant Writing Post-Award Grant Management Questions and Answers 2 — Questions and Answers
Question 1: Which federal regulation establishes the Uniform Administrative Requirements for grants awarded to non-federal entities?
- 2 CFR Part 200 (Correct answer)
- 45 CFR Part 75
- OMB Circular A-133
- 48 CFR Part 31
Correct answer: 2 CFR Part 200
2 CFR Part 200, also known as the Uniform Guidance, consolidates grant management requirements for all federal awards to non-federal entities.
Question 2: What is the primary purpose of a grant drawdown schedule?
- To time the receipt of federal funds to match actual expenditure needs (Correct answer)
- To establish the total award amount for each budget period
- To determine indirect cost rates for the project
- To outline the deliverables required each quarter
Correct answer: To time the receipt of federal funds to match actual expenditure needs
A drawdown schedule ensures grantees request funds only as needed to cover imminent expenses, minimizing the time between receipt and disbursement.
Question 3: When a grantee needs to move funds between approved budget categories beyond the allowed threshold, what action is required?
- Submit a budget modification request to the funding agency (Correct answer)
- Notify the agency after the fiscal year ends
- Reallocate funds freely as long as total budget remains the same
- Request a no-cost extension first
Correct answer: Submit a budget modification request to the funding agency
Budget modifications that exceed the agency-specified threshold require prior written approval from the awarding agency before funds can be redirected.
Question 4: What is the standard record retention period for grant-related documents under federal guidelines?
- Three years from submission of the final expenditure report (Correct answer)
- Five years from the grant end date
- Seven years from the last drawdown
- Ten years from the award date
Correct answer: Three years from submission of the final expenditure report
Under 2 CFR 200.334, grantees must retain financial records and supporting documents for three years from the date of submission of the final expenditure report.
Question 5: Which of the following best describes a disallowed cost in post-award grant management?
- A charged expense that the auditor or agency determines does not meet allowability criteria (Correct answer)
- Any cost that exceeds the approved budget by more than 10%
- An expense incurred before the grant start date only
- A cost shared by multiple funding sources
Correct answer: A charged expense that the auditor or agency determines does not meet allowability criteria
A disallowed cost is any expense charged to a grant that fails to meet the standards of allowability, allocability, or reasonableness under applicable cost principles.
Question 6: What is the purpose of conducting a sub-recipient monitoring plan?
- To ensure sub-recipients comply with award terms and achieve performance goals (Correct answer)
- To reduce the prime grantee's indirect cost rate
- To transfer fiscal liability to the sub-recipient entirely
- To satisfy state licensing requirements for contractors
Correct answer: To ensure sub-recipients comply with award terms and achieve performance goals
Sub-recipient monitoring ensures that entities receiving pass-through funds comply with federal requirements and make adequate progress toward programmatic objectives.
Grant Writing Grant Writing Post-Award Grant Management Questions and Answers 2
Which federal regulation establishes the Uniform Administrative Requirements for grants awarded to non-federal entities?