Grant Writing Post-Award Management and Reporting 3

Question 1

A federal grantee fails to submit its annual performance report on time. What is the most likely consequence?

Accepted Answer

Withholding of future payments until the report is submitted

Answer

Federal agencies typically place a hold on future payments or draw-down requests until delinquent reports are submitted and accepted.

Question 2

Which financial management system requirement under Uniform Guidance ensures that federal funds are not commingled with other funds?

Accepted Answer

Identification of federal award expenditures separately

Answer

Uniform Guidance requires that grantees maintain accounting systems that identify the receipt and expenditure of federal awards separately from other funds.

Question 3

What is 'program income' in the context of a federal grant?

Accepted Answer

Gross income earned by the grantee that is directly generated by grant-supported activities

Answer

Program income is gross income earned by a grantee from grant-supported activities, such as fees for services or sale of goods produced under the award.

Question 4

During a site visit, a federal program officer reviews timesheets and finds that a staff member charged 100% effort to the grant but also worked on other projects. This is an example of:

Accepted Answer

Effort reporting misrepresentation

Answer

Charging 100% effort to a grant while working on other projects is a misrepresentation in effort reporting and can constitute fraud.

Question 5

What is the standard federal grant record retention period under Uniform Guidance after the end of the grant period?

Accepted Answer

3 years

Answer

Under 2 CFR 200.334, financial records, supporting documents, and other records must be retained for three years from the date of submission of the final financial report.

Grant Writing Practice Test

Grant Writing Practice Test

Grant Writing Post-Award Management and Reporting 3