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The document provides a quiz on fiscal management topics for Head Start grantees. It includes 25 multiple choice questions across 7 categories: Records and Reports, Fiscal Basics, Property & Facilities, Nonfederal Share, Cost Allocation, and a Bonus Question. The questions cover proper financial documentation, budgeting, procurement, cost principles, indirect costs, and other compliance areas for federal grants.
The document provides a quiz on fiscal management topics for Head Start grantees. It includes 25 multiple choice questions across 7 categories: Records and Reports, Fiscal Basics, Property & Facilities, Nonfederal Share, Cost Allocation, and a Bonus Question. The questions cover proper financial documentation, budgeting, procurement, cost principles, indirect costs, and other compliance areas for federal grants.
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Attribution Non-Commercial (BY-NC)
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The document provides a quiz on fiscal management topics for Head Start grantees. It includes 25 multiple choice questions across 7 categories: Records and Reports, Fiscal Basics, Property & Facilities, Nonfederal Share, Cost Allocation, and a Bonus Question. The questions cover proper financial documentation, budgeting, procurement, cost principles, indirect costs, and other compliance areas for federal grants.
Авторское право:
Attribution Non-Commercial (BY-NC)
Доступные форматы
Скачайте в формате PPTX, PDF, TXT или читайте онлайн в Scribd
Propert Cost Nonfede Records Fiscal y& Allocati ral & Basics Facilitie on Share Reports s
5 10 15 20
5 10 15 20
5 10 15 20
5 10 15 20
5 10 15 20
Records and Reports 5 Points
The governing body and policy council of a grantee must receive financial reports at least ho often! Ans er" monthly
Records and Reports 10 Points
Financial reports to the governing body and policy council must include information on ########## ####### e$penditures% Ans er" credit card%
Records and Reports 15 Points
&nvoices' receipts' chec(s' purchase orders' contracts' time sheets and deposit slips are e$amples of ###### #########% Ans er" source documents
Records and Reports 20 Points
Contracts for goods and services must ade)uately describe the parties* responsibilities and be ####' ####### and #######% Ans er" signed' dated and current
Records and Reports 25 Points
The three areas of documentation re)uired to support personnel compensation are" #######' ###### and ######% Ans er" time sheets' payroll records and personnel activity reports
Fiscal Basics 5 Points
The ############# ########### of a grantee is fiscally and legally responsible for overseeing programs' including the safeguarding of federal funds% Ans er" governing body
Fiscal Basics 10 Points
Procedures for ############## must be ritten and ma(e sure that goods and services are purchased through free and open competition% Ans er" procurement of goods and services
Fiscal Basics 15 Points
A ########### to ############## comparison of e$penditures is used by programs to test the accuracy of its cost assumptions% Ans er" budgeted to actual
Fiscal Basics 20 Points
Protecting grant funds by insuring that the same person does not revie ' authori+e and pay invoices is part of hat fiscal process! Ans er" internal controls
Fiscal Basics 25 Points
The annual ################# is a rigorous organi+ation, ide e$ternal revie of the financial management and program compliance of a grantee% Ans er" -.B A,/00 audit
Property & Facilities 5 Points
A detailed inventory of e)uipment including description' identification number' source' including a ard number' federal share' ac)uisition date' cost' location and condition must be ta(en and reconciled ith e)uipment records every ##### years% Ans er" t o
Property & Facilities 10 Points
1ead Start,specific regulations applicable to facilities activities funded in hole or in part ith grant funds are found at ### CFR ######% Ans er" 23 CFR /045
Property & Facilities 15 Points
A ############### must be filed in the appropriate official records hen facilities activities are underta(en ith federal grant funds% Ans er" notice of federal interest
Property & Facilities 20 Points
Facilities activities covered by 23 CFR /045 include ###########' ######### and ############## funded in hole or in part ith 1ead Start grant funds% Ans er" purchase' construction and ma6or renovation
Property & Facilities 25 Points
All facilities activity records must be retained for the period of o nership 7or occupancy' in the case of leased facilities8 plus ##### years% Ans er" three
Nonfederal Share 5 Points
&f a grantee ithout a aiver receives 9/'444'444 in federal 1ead Start or :arly 1ead Start grant funds' the nonfederal share of the total grant a ard is #############% Ans er" 9;34'444
Nonfederal Share 10 Points
All grant charges and e$penditures' hether federal or nonfederal 7in, (ind8 must meet general cost principles of #############' ############# and ###############% Ans er" reasonable' necessary and allocable
Nonfederal Share 15 Points
A common basis for disallo ance of claimed nonfederal share hich other ise meets the cost principles is lac( of ade)uate ###############% Ans er" documentation
Nonfederal Share 20 Points
<ac( of community resources' initial program e$penses' unanticipated cost increases' disaster and community impact of program loss are bases for a ############ of nonfederal share% Ans er" aiver
Nonfederal Share 25 Points
Rebates are classified as ############ ########### under the cost principles and cannot be claimed as nonfederal share% Ans er" applicable credits
Cost Allocation 5 Points
The method used by a program to insure that shared costs are charged to grants and programs in accordance ith the benefit received is called a ###### ########### ######% Ans er" cost allocation plan
Cost Allocation 10 Points
A ######## ####### ######## is an after,the,fact record of employee time associated ith benefitted programs% Ans er" personnel activity report
Cost Allocation 15 Points
######### costs are necessary to the overall operation of the organi+ation' although a relationship to a particular program or cost ob6ective cannot be sho n% Ans er" &ndirect
Cost Allocation 20 Points
A grantee ith multiple funding sources is not re)uired to allocate indirect costs if it has a ############ ######### ####### #######% Ans er" negotiated indirect cost rate
Cost Allocation 25 Points
&t is never acceptable to shift costs from one funding source to another to overcome ########### ###########% Ans er" funding deficiencies
Bonus Question 25 Points
Charges to the grant a ard for related party leases and capital leases are limited to ####### or ### #########% Ans er" depreciation or use allo ance