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
Under Uniform Guidance, which of the following is an allowable cost principle that all federal grant expenditures must meet?
Answer: Costs must be reasonable, allocable, and allowable under the award
2 CFR 200 requires that all costs charged to federal awards be reasonable, allocable to the award, and allowable under the applicable cost principles.
What is the purpose of a single audit (2 CFR 200 Subpart F)?
Answer: To provide an independent examination of a non-federal entity's federal expenditures above the threshold
A single audit is an organization-wide audit required when a non-federal entity expends $1,000,000 or more in federal funds in a fiscal year, covering both financial statements and federal award compliance.
A grant manager notices a vendor invoice was charged to the wrong grant. What should she do first?
Answer: Process a cost transfer with proper documentation and justification
A documented cost transfer is the proper mechanism to move an erroneous charge from one account to another, with timely correction and a clear justification trail.
Which federal agency oversees the Uniform Guidance (2 CFR 200) framework for federal grant management?
Answer: The Office of Management and Budget (OMB)
The Office of Management and Budget (OMB) issued and oversees 2 CFR 200, the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
An organization's indirect cost rate agreement has expired. What is the safest approach for charging indirect costs to a new federal award?
Answer: Use the previous year's approved rate until a new one is negotiated
Many agencies permit the use of the most recently approved indirect cost rate on a provisional basis while a new rate is being negotiated, but this should be confirmed with the awarding agency.
What is the key difference between a grant 'modification' and a grant 'amendment'?
Answer: A modification is initiated by the recipient; an amendment is a formal change to the award document itself
While terminology varies by funder, a modification typically refers to recipient-initiated changes in scope or budget, whereas an amendment is a formal revision to the executed award document issued by the grantor.
What does 'subrecipient monitoring' require of a pass-through entity?
Answer: Ensuring subrecipients comply with federal requirements and verifying that activities are performed as agreed
Pass-through entities are responsible under 2 CFR 200.332 for monitoring subrecipient activities to ensure compliance with federal award requirements and that performance goals are met.