Because the Trustees assume that the grantee has a moral and legal obligation to account for all funds received, each grantee is required to submit a formal report accounting for the expenditures of the grant funds by March 1st of the year after the approval of the grant. This report should include:
- Executive summary (not to exceed one page)
- Detailed narrative
- Financial accounting
- Relevant attachments
All grant reports are reviewed by the Trustees. Any change in plans must be approved by the Trustees. If a grantee fails to submit a formal report, the Trustees reserves the right to request that the grant funds be returned. Additionally, further grants will not be considered until a final report is received.