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Post-Award Management and Reporting 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 Management and Reporting flashcards as text

  1. A grantee discovers mid-project that a key subcontractor has gone out of business. What is the FIRST required action?

    Answer: Notify the program officer and request guidance

    Grantees must promptly notify their program officer of significant disruptions and request guidance before taking unilateral action.

  2. Under OMB's Uniform Guidance (2 CFR 200), what is the threshold for a single-audit requirement for non-federal entities?

    Answer: $750,000 in federal expenditures per year

    The single audit threshold is $750,000 in federal expenditures in a fiscal year under 2 CFR 200.501.

  3. What does 'carryover' mean in the context of federal grant management?

    Answer: Using unspent funds from one budget period in the next budget period

    Carryover refers to obligating or spending unused funds from a prior budget period in a subsequent budget period, often requiring prior approval.

  4. Which document serves as the authoritative record of a grant award's terms and conditions?

    Answer: The Notice of Award (NOA)

    The Notice of Award (NOA) is the legally binding document that establishes the terms, conditions, and requirements of a federal grant.

  5. A nonprofit grantee wants to purchase equipment costing $8,000 using federal grant funds. Under Uniform Guidance, what acquisition threshold triggers equipment classification?

    Answer: $5,000

    Under 2 CFR 200.33, equipment is defined as tangible personal property with a useful life of more than one year and a per-unit acquisition cost of $5,000 or more.

  6. What is the purpose of a 'no-cost extension' in grant management?

    Answer: To extend the performance period without additional funding

    A no-cost extension provides additional time to complete project activities without increasing the award amount.

  7. Under federal regulations, indirect costs (F&A costs) charged to a grant must be based on what?

    Answer: A negotiated indirect cost rate agreement (NICRA) with the cognizant federal agency

    Indirect costs must be charged based on a Negotiated Indirect Cost Rate Agreement (NICRA) established with the cognizant federal agency, or the 10% de minimis rate if eligible.