Grant Management & Compliance Flashcards
7 cards from real CNE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Grant Management & Compliance flashcards as text
Which federal threshold triggers a Single Audit requirement for a nonprofit organization?
Answer: Expending $750,000 or more in federal awards in a fiscal year
Under 2 CFR Part 200 Subpart F, nonprofits that expend $750,000 or more in federal awards in a fiscal year must have a Single Audit conducted.
In grant management, what does the term 'matching requirement' mean?
Answer: The grantee must contribute a specified portion of project costs from non-federal sources
A matching requirement obligates the grantee to contribute a defined percentage or dollar amount of non-federal resources toward the total project cost.
What is 'scope creep' in the context of grant compliance?
Answer: Gradual expansion of program activities beyond what the grant agreement authorizes
Scope creep occurs when activities expand beyond the approved grant scope without a formal amendment, creating a compliance risk.
A program officer discovers that grant funds were used to purchase equipment not listed in the approved budget. What is the most appropriate immediate step?
Answer: Notify the awarding agency and seek retroactive approval or return funds
Unapproved equipment purchases must be disclosed to the awarding agency; retroactive approval may be possible or funds must be returned.
Which record retention period does Uniform Guidance typically require for federal grant financial records?
Answer: Three years from the date of submission of the final expenditure report
Under 2 CFR §200.334, grantees must retain financial records for three years from the submission of the final expenditure report.
What is the primary risk of commingling federal grant funds with general operating funds?
Answer: Inability to demonstrate that federal funds were spent only for authorized purposes
Commingling makes it impossible to trace federal expenditures, violating the requirement that federal funds be used solely for the authorized grant purpose.
A foundation grant requires a mid-year progress report. Which content is most essential to include?
Answer: Narrative on outcomes achieved, budget versus actual expenditures, and any variances
Mid-year progress reports should document outcomes against stated objectives and compare actual spending to the approved budget, explaining significant variances.