Certified Research Administrator Practice Exam

How many grants/contracts/cooperative agreements are generally on the federal cash transaction report SF-272?

1. Not required

2. 1

3. 5

4. 10

The correct answer is: 1

In the context of the federal cash transaction report, SF-272, the typical requirement is to report on a single grant, contract, or cooperative agreement. This standard aligns with the purpose of the SF-272, which is to provide a detailed accounting of the cash disbursed for each specific funding source. The report is designed to ensure accountability for federal funds, and by focusing on one agreement at a time, it allows for clearer oversight of financial activities associated with that funding. When multiple agreements are involved, each would need to be reported separately in the system to maintain clarity and avoid confusion in tracking the disbursement and usage of federal funds. Aggregating multiple grants into one report could obscure the financial details and performance indicators that oversight bodies need to evaluate. Thus, the correct answer reflects the singular focus that is standard practice for the SF-272 report, ensuring accurate financial documentation for each specific federal agreement.