Funding Instruments
A type of funding that a sponsor awards to a second party with the objective of benefiting society and/or fulfilling a public purpose in response to the submission of a proposal.
What is a Grant?
According to direct allocation cost principles, if a cost benefits two or more projects, the cost may be allocated based on the ______ benefit.
What is proportional?
2CFR200.405 (d)
PI disengagement from project for more than ___ months requires agency prior approval from Federal awarding agency.
What is 3?
2CFR200.308 (c)(1)(iii)
A request for additional time (but not additional funding) to complete a scope of work.
What is a No-Cost Extension (NCE)?
The document in which special conditions of risk criteria to be evaluated must be described.
What is the announcement of funding opportunity?
The governmental agency or other organization that makes an award directly to the university/recipient.
What is a Sponsor?
A cost is reasonable if in its nature does not exceed that which would be incurred by a ________ person.
What is prudent?
2CFR200.404
Incurring project costs ____ calendar days before the Federal awarding agency makes the award does not require prior approval.
What is 90?
2CFR200.308 (d)(1)
The portion of project support not paid by sponsor funds.
What is Cost Sharing or Matching?
Method for a Federal awarding agency may use to evaluate risks posed by applicants.
What is risk-based approach?
An award similar to a grant, but in which the sponsor's staff may be actively involved in proposal preparation, and anticipates having substantial involvement in research activities once the award has been made.
What is a Cooperative Agreement?
If a cost was included as a cost or was used to meet cost sharing requirements for any other federally-financed program in either current or prior period, it is not ___________.
What is allowable?
2CFR200.403(f)
The Federal awarding agency may authorize the initiation of a one-time no cost extension of_____ months without requiring agency prior approval.
What is 12?
2CFR200.308(d)(2)
The act of altering the budget by moving funds from one category or line item to another.
What is Rebudgeting or Budget Adjustment/Amendment?
History of performance, Financial stability, Quality of management systems, Audit reports and findings, and the applicant's ability to effectively implement statutory, regulatory, or other requirements imposed on non-Federal entities.
What are factors of a risk-based approach used to evaluate applicants?
A mechanism for procurement of a product or service with specific obligations for both sponsor and recipient.
What is a Contract?
Capital expenditures for ______ purpose equipment are unallowable as direct charges except with the written prior approval of the Federal awarding agency or pass-through entity.
What is general?
2CFR200.439(b)(1)
Unless described in the application and funded in the approved Federal award, the _______, transferring, or contracting out of any work under a Federal Award requires prior approval of the Federal awarding agency.
What is subawarding?
2CFR200.308(c)(1)(vi)
An administrative body established to protect the rights and welfare of human research subjects recruited to participate in research activities conducted under the auspices of the institution with which it is affiliated.
What is the Institutional Review Board (IRB)?
Requiring payments as reimbursements rather than advance payments, Requiring additional detailed financial reports, and Establishing additional prior approvals.
What are additional conditions that the Federal awarding agency or pass-through entity may impose as needed?
A secondary award provided by a pass-through entity to a subrecipient for the subrecipient to carry out part of the pass-through entity's scope of work under the prime award.
What is a Subaward?
Costs, goods, or services for personal use of the non-Federal entity's employees are ____________ regardless of whether the cost is reported as taxable income to the employee.
What is unallowable?
2CFR200.445(a)
Federal awarding agencies must review budget revision requests and notify the recipient with ____ calendar days of receipt of the request.
What is 30?
2CFR200.308(i)
The act of completing all internal procedures and sponsor requirements to terminate or complete a research project.
What is Project Closeout?
The timeframe for the sponsor to remove specific conditions imposed on a grantee once the grantee resolves the adverse circumstances that prompted the specific conditions.
What is immediately?