CGMS PRACTICE EXAM QUESTIONS
AND ANSWERS
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 Answers -Request
disposition instructions from the grantor.
Who is required to submit financial and performance reports? - Correct Answers -
Recipients during the award periods.
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 Answers -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 Answers -90
Failure to comply with reporting requirements could result in what action? - Correct
Answers -The federal grantor to withhold payment to a recipient
Recipients may negotiate with the federal awarding agency about which of the following
provisions? - Correct Answers -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
Answers -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 Answers -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 Answers -
Never
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? - Correct Answers -The recipient must restrict its expenditure in
accordance with grant terms
AND ANSWERS
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 Answers -Request
disposition instructions from the grantor.
Who is required to submit financial and performance reports? - Correct Answers -
Recipients during the award periods.
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 Answers -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 Answers -90
Failure to comply with reporting requirements could result in what action? - Correct
Answers -The federal grantor to withhold payment to a recipient
Recipients may negotiate with the federal awarding agency about which of the following
provisions? - Correct Answers -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
Answers -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 Answers -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 Answers -
Never
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? - Correct Answers -The recipient must restrict its expenditure in
accordance with grant terms
