What document must recipients submit to report on their progress and use of funds?

Recipients of grants are typically required to submit a performance report or progress report to document their progress in achieving project objectives and to detail the use of funds provided. This report serves a critical role in demonstrating accountability and transparency to the funding agency.

The performance report or progress report outlines specific metrics, objectives met, challenges faced, and overall accomplishments. It includes both qualitative and quantitative data that reflects how effectively the recipient is utilizing the funds to meet the goals of the grant. Furthermore, this document allows funders to assess whether the project is on track and to provide any necessary guidance or support.

While other documents, such as financial statements or end-of-project summaries, serve important purposes, they do not encompass the broader scope of project progress and outcomes that a performance report provides. Financial statements primarily focus on the monetary aspects, and an end-of-project summary would typically be submitted at the conclusion of the grant, whereas progress reports are submitted periodically throughout the project duration. This makes the performance report the essential document for ongoing reporting on both progress and fund utilization.