Grant Writing Post-Award Management and Reporting 2

Question 1

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

Accepted Answer

Notify the program officer and request guidance

Answer

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

Question 2

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

Accepted Answer

$750,000 in federal expenditures per year

Answer

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

Question 3

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

Accepted Answer

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

Answer

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

Question 4

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

Accepted Answer

The Notice of Award (NOA)

Answer

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

Question 5

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

Accepted Answer

$5,000

Answer

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.

Grant Writing Practice Test

Grant Writing Practice Test

Grant Writing Post-Award Management and Reporting 2