True or False: Once grant activities begin, recipients must draw down funds at least once a month.
“False” is correct. Recipients are required to draw down funds at least once per quarter.
Can subrecipients request cash advances from the grant recipient?
C. Yes, but it’s limited to only once per year
“Yes, but it’s limited to only once per year” is correct. Yes, provided that the financial systems of both the recipient and subrecipient comply with OMB Uniform Administrative Requirements, Cost Principles and Audit Principles for federal awards listed in 2 CFR Part 200.