A structured statement of grant expenditure submitted to the sponsor at defined reporting periods, presenting actual costs against the approved budget by category and supporting reimbursement or continuation decisions.

ByCASRAI Editorial Board

· Last updated 21 May 2026

Examples

Worked examples

Is an instance
A US institution submits an annual FFR for an NIH R01, broken down by direct, indirect, and total cumulative expenditure.
Is an instance
A Horizon Europe consortium coordinator collates beneficiary Form C inputs into the periodic financial statement.

Counter-examples

Looks similar, but isn't

Not an instance
A technical progress narrative without financials is not a financial report.
Not an instance
An internal management report not submitted to the sponsor is not a financial report in this sense.

Editorial commentary

Financial reports follow sponsor-specific formats: US federal awards use the Federal Financial Report (FFR / SF-425), with annual and final submissions through the Payment Management System; Horizon Europe uses the Periodic Financial Statement (PFS) and Form C, supported (above threshold) by a Certificate on Financial Statements (CFS); UKRI uses Je-S annual statements and final claim. Reports cover cumulative and period expenditure, indirect cost claims, encumbrance status, and (in some cases) audit certification.

References

US Office of Management and Budget Uniform Guidance 2 CFR 200.327-200.328; Horizon Europe Annotated Grant Agreement.

Also known as

Grant financial report · FFR (federal) · Periodic financial statement · Form C (HE)

Machine-readable encodings

Use in your systems

JATS XML <role> element

xml

<role vocab="credit"
      vocab-identifier="https://casrai.org/dictionary/"
      vocab-term="Financial report (grant)"
      vocab-term-identifier="https://casrai.org/dictionary/term/financial-report-grant" />

Schema.org DefinedTerm (JSON-LD)

json

{
  "@context": "https://schema.org",
  "@type": "DefinedTerm",
  "@id": "https://casrai.org/dictionary/term/financial-report-grant",
  "name": "Financial report (grant)",
  "identifier": "https://casrai.org/dictionary/term/financial-report-grant",
  "description": "A structured statement of grant expenditure submitted to the sponsor at defined reporting periods, presenting actual costs against the approved budget by category and supporting reimbursement or continuation decisions.",
  "inDefinedTermSet": "https://casrai.org/dictionary/domain/funding-finance#set",
  "url": "https://casrai.org/dictionary/term/financial-report-grant",
  "sameAs": [
    "Grant financial report",
    "FFR (federal)",
    "Periodic financial statement",
    "Form C (HE)"
  ],
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "publisher": {
    "@id": "https://casrai.org/#organization"
  },
  "dateModified": "2026-05-21T02:22:59",
  "inLanguage": "en"
}

Referenced across the research world

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