Post-Award Grant Management Flashcards
7 cards from real Grant Writing practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Post-Award Grant Management flashcards as text
What is the primary purpose of a no-cost extension (NCE) in grant management?
Answer: To allow additional time to complete project activities without extra funding
A no-cost extension grants additional time beyond the original project end date to complete activities using already-awarded funds, without additional money from the sponsor.
Under Uniform Guidance (2 CFR 200), what is the standard deadline for submitting a final financial report after a federal grant period ends?
Answer: 90 days
2 CFR 200.344 requires recipients to submit final financial reports within 90 calendar days after the end of the period of performance.
A grantee discovers $5,000 of unspent funds at grant closeout. What is the correct action?
Answer: Return the unobligated balance to the federal awarding agency
Unobligated balances that are not authorized for carryover must be returned to the federal awarding agency at closeout.
Which document formally establishes the terms and conditions a grantee must follow after receiving a federal award?
Answer: The Notice of Award (NOA)
The Notice of Award is the legally binding document that communicates the award decision and specifies all terms and conditions the recipient must follow.
What does 'period of performance' refer to in a grant agreement?
Answer: The time span during which grant-funded activities may be conducted and costs incurred
The period of performance is the defined start-to-end timeframe during which the recipient is authorized to incur costs and carry out project activities.
A principal investigator wants to shift 15% of personnel salary from one grant-funded position to another. Under most federal grants, what approval is typically required?
Answer: Prior written approval from the federal awarding agency
Significant reallocation of personnel costs between positions typically requires prior approval from the awarding agency because it changes the approved scope of work.
What is 'program income' in the context of federal grants?
Answer: Gross income earned by the recipient that is directly generated by the grant-supported activity
Program income is revenue generated directly from grant-funded activities, such as fees for services or sales of products created under the grant, and must be tracked and reported.