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CGMS Practice Exam 2025/2026 | 150 Verified
Questions with 100% Correct Answers | Graded A+||
LATEST EXAM!!
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
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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
CGMS Practice Exam 2025/2026 | 150 Verified
Questions with 100% Correct Answers | Graded A+||
LATEST EXAM!!
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
, 2|Page
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
