Federal financial report
The standard form on which a federal recipient reports what it has spent, obligated and received on an award. It is due on a schedule set by the award, and a late one can block drawdowns on every award an organisation holds.
Part of the GrantTrove grant funding glossary — one entry for every field the catalogue stores.
Also called FFR · SF-425
In detail
It asks for cash received, expenditures, unliquidated obligations and, where applicable, cost share and programme income. The unliquidated obligations line is where most errors appear, because it requires knowing what has been committed and not yet paid.
The final report is part of closeout and is what starts the record retention clock.
Against a performance report
A financial report says what the money did. A performance report says what the project did. They are separate documents on separate schedules and satisfying one does not satisfy the other. Neither exists on an opportunity record, because both belong to an award already made.
How GrantTrove stores it
- Reporting requirements are award terms and we hold none of them. `source_url` links the notice, which is where a programme’s stated reporting expectations appear if it states any.
- The record page names the classes of information not extracted rather than leaving empty space to be interpreted.
Common questions
How often is it due?
The award says. Quarterly, semi-annual and annual are all common.
What happens if it is late?
Drawdowns can be blocked, sometimes across all of an organisation’s awards.
Do you show reporting schedules?
No. They are award terms rather than published notice content.