Accounting for the grant: your financial reporting requirements
Financial reporting is an essential requirement in grant agreements that assures the Government that the grant provided has been used in an efficient, effective and ethical manner, and in accordance with the grant agreement.
- Financial reporting must be provided for each grant.
- The level of assurance required in your financial reporting may differ depending on the requirements of each funded activity.
Where can you find your organisation’s financial reporting requirement?
The financial reporting requirements are specified in your grant agreement
When is your financial reporting due?
The due date of your organisation’s financial reporting is specified in your grant agreement.
- The due date for financial acquittal reports is generally three to four months after the activity end date, to allow enough time for you to prepare the necessary information and meet any audit requirements.
- The due date for a financial declaration is usually one month after the activity end date.
Please contact your Grant Agreement Manager as soon as possible:
- if your organisation is not able to provide reports by the due date, or
- if your organisation has multiple grants and would prefer a single reporting date.