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
What is the primary purpose of subrecipient monitoring in a federal pass-through grant arrangement?
Answer: To verify that subrecipients use funds in compliance with federal requirements
Pass-through entities are responsible for monitoring subrecipients to ensure compliance with applicable federal laws, regulations, and award terms.
When must a grantee seek prior approval for a budget revision under federal Uniform Guidance?
Answer: When a cumulative reallocation exceeds 10% of the total award budget
Under 2 CFR 200.308, prior approval is typically required when cumulative transfers among budget categories exceed 10% of the total award amount for non-construction grants.
A grantee organization receives a federal audit finding related to inadequate internal controls. What document must the grantee submit?
Answer: A corrective action plan
Organizations with audit findings are required to develop and submit a corrective action plan describing how they will address each finding.
Under 2 CFR 200, what distinguishes a subrecipient from a contractor/vendor?
Answer: Subrecipients carry out part of the federal award's program objectives; contractors provide goods or services
The key distinction is that subrecipients carry out a portion of the federal program's substantive work, while contractors provide commercial goods or services to the grantee.
What is 'cash management' in the context of federal grant administration?
Answer: Ensuring that federal cash draws are timed to minimize the time between draw-down and expenditure
Federal cash management rules require grantees to minimize the time between drawing down federal funds and actually spending those funds to avoid earning interest on federal money.
A grantee's project director leaves mid-award. What is typically required under federal grant terms?
Answer: Prior approval from the federal agency before naming a replacement key person
Changes in key personnel named in the award typically require prior written approval from the federal agency.
What is the 'period of performance' in a federal grant?
Answer: The time span during which the grantee may incur costs against the award
The period of performance is the time interval specified in the award during which the recipient may incur allowable costs charged to the grant.