CGMS Exam Answered
At closeout, what must recipients do regarding real property that is no longer needed to
achieve the objective for which it was originally purchased? - Answer- Request
disposition instructions from the grantor.
Who is required to submit financial and performance reports? - Answer- Recipients
during the award periods.
Recipients may negotiate with the federal awarding agency about which of the following
provisions? - 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? - 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? - 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? - 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? - 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? - Answer- 90
Failure to comply with reporting requirements could result in what action? - Answer- The
federal grantor to withhold payment to a recipient
Unless federal awarding agency regulations or the terms and conditions of the award
provide otherwise, what should recipients do with program income earned after the end
of the project period? - Answer- The recipient must restrict its expenditure in
accordance with grant terms
Unless otherwise stated by the grantor, what is the minimum frequency of performance
reporting? - Answer- Not less than annually
What are the common contents of post-award grant files? - Answer- Approval grant
agreement and financial progress reports
At closeout, what must recipients do regarding real property that is no longer needed to
achieve the objective for which it was originally purchased? - Answer- Request
disposition instructions from the grantor.
Who is required to submit financial and performance reports? - Answer- Recipients
during the award periods.
Recipients may negotiate with the federal awarding agency about which of the following
provisions? - 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? - 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? - 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? - 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? - 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? - Answer- 90
Failure to comply with reporting requirements could result in what action? - Answer- The
federal grantor to withhold payment to a recipient
Unless federal awarding agency regulations or the terms and conditions of the award
provide otherwise, what should recipients do with program income earned after the end
of the project period? - Answer- The recipient must restrict its expenditure in
accordance with grant terms
Unless otherwise stated by the grantor, what is the minimum frequency of performance
reporting? - Answer- Not less than annually
What are the common contents of post-award grant files? - Answer- Approval grant
agreement and financial progress reports
