IMPORTANT FINANCIAL DOCUMENTS
(Attached to a Grant Proposal)
Just like in a profit-oriented company, the grant proposal must come with a complete set of financial statements. This is a very important requirement of every foundation, grant making agency, or government agency as they make a thorough review of grant applications.
After the grants have been awarded, the financial statements will be used as basis to evaluate the overall performance of grant seekers. Likewise, this will help the organization to make a better financial projection in the future. And more importantly, the financial statements will be needed to comply with government requirements for exemptions or tax payment applications.
A complete set of financial statements include:
• Statement of Financial Position
• Statement of Activities
• Statement of Functional Expenses for Voluntary Health and Welfare Organizations and other not-for-profit organizations.
• Statement of Cash Flow
• Financial Statement Disclosures