A lump-sum grant does not require the government receiving the grant to spend any of its own funds on the good or service for which the grant is provided. A matching grant requires the receiving government to spend a portion of its own money. The maximum amount of grant funding that a community can receive from a closed-ended grant is limited.
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A lump-sum grant does not require the government receiving the grant to spend any of its own funds on the good or service for which the grant is provided. A matching grant requires the receiving government to spend a portion of its own money. The maximum amount of grant funding that a community can receive from a closed-ended grant is limited.
A lump-sum grant does not require the government receiving the grant to spend any of its own funds on the good or service for which the grant is provided. A matching grant requires the receiving government to spend a portion of its own money. The maximum amount of grant funding that a community can receive from a closed-ended grant is limited.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online from Scribd
A lump-sum grant does not require the government receiving the grant to spend any of its own funds on the good or service for which the grant is provided. A matching grant requires the receiving government to spend a portion of its own money. The maximum amount of grant funding that a community can receive from a closed-ended grant is limited.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online from Scribd
Categorical grant: A categorical grant is designated for a specific public
expenditure program. (Examples: federal grants to the states for Medicaid,
unemployment compensation, education, and mass transit.) Lump sum vs. matching Lump-sum grant: A lump-sum grant does not require the government receiving the grant to spend any of its own funds on the good or service for which the grant is provided.
Matching grant: A matching grant requires the receiving government to
spend some of its own funds on the good or service for which the grant is provided. The grant provides an additional amount of funding for the good or service to match the amount provided by the receiving government.
Closed-ended vs. open-ended
Closed-ended: The maximum amount of grant funding that a community can receive from a closed-ended grant is limited.
Open-ended: There is no maximum amount of grant funding that a