CGMS Practice Exam with verified solutions ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
At closeout, what must recipients do regarding real property that is no longer needed to
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
achieve the objective for which it was originally purchased? - correct answer✔✔Request
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
disposition instructions from the grantor. ||\\//|| ||\\//|| ||\\//|| ||\\//||
Who is required to submit financial and performance reports? - correct
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
answer✔✔Recipients during the award periods. ||\\//|| ||\\//|| ||\\//|| ||\\//||
Recipients may negotiate with the federal awarding agency about which of the following ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
provisions? - correct answer✔✔The transfer of funds among direct cost categories to effect ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
budget changes for awards ||\\//|| ||\\//|| ||\\//||
How may program income be used as specified in a federal grants award? - correct
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
answer✔✔To further eligible activities for that grant ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
In addition to the award dollar amount, what other dollar amount is provided on the notice
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
of award? - correct answer✔✔Non-federal cost share
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
In the absence of special conditions, when would exempt property be returned or proceeds
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
from the sale of that property be provided to the grantor? - correct answer✔✔Never
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
The federal recipient or subrecipient shall make equipment available for use on other
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
projects or programs currently or previously supported by the federal government,
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
providing that what condition applies? - correct answer✔✔That equipment has been ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
depreciated to an amount less than $5,000 ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Under federal regulations, recipients must liquidate funds within how many days after the
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
end of the grant? - correct answer✔✔90
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
At closeout, what must recipients do regarding real property that is no longer needed to
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
achieve the objective for which it was originally purchased? - correct answer✔✔Request
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
disposition instructions from the grantor. ||\\//|| ||\\//|| ||\\//|| ||\\//||
Who is required to submit financial and performance reports? - correct
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
answer✔✔Recipients during the award periods. ||\\//|| ||\\//|| ||\\//|| ||\\//||
Recipients may negotiate with the federal awarding agency about which of the following ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
provisions? - correct answer✔✔The transfer of funds among direct cost categories to effect ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
budget changes for awards ||\\//|| ||\\//|| ||\\//||
How may program income be used as specified in a federal grants award? - correct
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
answer✔✔To further eligible activities for that grant ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
In addition to the award dollar amount, what other dollar amount is provided on the notice
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
of award? - correct answer✔✔Non-federal cost share
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
In the absence of special conditions, when would exempt property be returned or proceeds
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
from the sale of that property be provided to the grantor? - correct answer✔✔Never
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
The federal recipient or subrecipient shall make equipment available for use on other
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
projects or programs currently or previously supported by the federal government,
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
providing that what condition applies? - correct answer✔✔That equipment has been ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
depreciated to an amount less than $5,000 ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Under federal regulations, recipients must liquidate funds within how many days after the
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
end of the grant? - correct answer✔✔90
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
