MANAGMENT
Entities that need to establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal Statues, regulations, and the terms and conditions of Federal award.
Who are the Internal Control Non-Federal entities?
Programmatic & Financial
What are the two key areas for monitoring?
Federal Agency Review looks at Financial Stability, Quality of Management Systems, History of Performance
What is the Federal Agency Review of Risk?
This Document located in 2 CFR Streamlines the language from eight existing Office of Management and Budget (OMB) Circulars into ONE Consolidated set of Guidance
What is the Super Circular?
Risk Review ,Property Standards, Procurement Standards, Remedies For Noncompliance, Termination, Closeout, and Record Retention and Access are All Requirements of...
What Are Grant Administrative Requirements?
This Book is used to help achieve its objectives related to operations, reporting, and compliance.
What is the Green Book?
This type of monitoring is a part of the monitoring process and may apply to volunteers as well.
What is Staff Monitoring?
Federal Agency design and execute this review for competitive grants or cooperative agreements
What is a Federal Merit Review?
These entities must comply with The Super Circular?
Who are "All non-Federal Entities?"
Agency Responsible for creating conflict of interest policies for Federal Award.
Who are the Federal Awarding Agencies?
DAILY Double!!!!
Double your points pick another category!
DAILY DOUBLE!!!!
Grantees and Grantors
Who are the Report Monitors?
This information is found in __________, it includes the timing and scope of the expected performance as related to the outcomes intended to be achieved.
What is the Federal Award?
Pre-Award Requirements And Award Content, can be found in this particular document.
What is a Notice of of Opportunity of Funding (NOFO)?
These five components consist of
1. Control Enviornment
2. Risk Assessment
3. Control Activities
4. Information and Communication
5. Monitoring Activities
What are the five (5) components of internal controls?
This IT- item has a life value of less than a year and under 4,999.00
What is a non-capital equipment. (Can be considered a Supply)
3 years
What is the time that records have to be retained?
This Award has a simplified Acquisition Threshold of $150,000.00 and the Government does not require a review of the actual cost, but they do want to make sure the job is done.
What is a Fixed Price Subawards?
This entity will close-out the Federal award when it determines that all applicable administrative actions and all required work of the Federal award have been completed by the non-Federal entity.
What is the Pass-Through Entity?
The _________ or __________ Will Close-Out the Federal award When it determines that all applicable administrative actions and all required work of the Federal award have been completed by the Non-Federal Entity.
What is the Federal awarding agency or pass-through entity?
The Grantor may
Temporarily withheld cash payments
Disallow all or part of the cost of the activity
Wholly or partially suspend or terminate the Federal Award
Initiate suspension or department proceedings
What Are Remedies for Noncompliance?
Audit and Grant
What are two types of oversights?
Daily Double!!!!!!! Pick another Category!!! And double your Dollar Amount.
Daily Double!!!!
Control Environment, Risk Assessment, Control Activities, Information and Communication, Monitoring Activities
What are the 5 components of Internal Controls?
Circulars that were replaced and Consolidated in the Uniform Guidance
What are Grant Management, Cost Principles, and Audit?