A report detailing how funds were used by an organization receiving a grant. In general, the report should be in the same format as the approved budget. A form is prepared by RWJF and sent to the grantee with the initial payment.
An accounting of how grant funds were used by a grantee organization, usually required by the foundation making the grant.
Those financial statements, including notes, necessary for the fair presentation of the financial position and results of the operation of an entity.