What should be included in a grant reconciliation process?

In the grant reconciliation process, comparing awarded funds to actual expenditures is essential because it ensures that the funds allocated for a grant are being used appropriately and effectively. This comparison allows grant managers to verify that expenditures align with the approved budget and grant agreement. It helps to identify any discrepancies between what was awarded and what has been spent, which is crucial for reporting to funders and maintaining financial accountability.

This process not only helps in tracking the financial status of the grant but also in managing overspending or underspending, which can lead to adjustments in future financial planning. By maintaining this oversight, organizations can ensure they are adhering to grant requirements and can provide accurate reports to funders as required.

The other choices do not directly pertain to the reconciliation process itself. Negotiating with stakeholders, analyzing feedback, and creating new performance indicators are important activities in grant management but fall outside the specific financial comparison aspect of the reconciliation process.