Grant reporting
Getting the project approved is only half the battle. The other half is proving that every cent was spent as planned, on time and in the format the agency requires.
What we do
We monitor the project's financial execution, check receipts, reconcile spending with the approved budget and prepare the necessary reports and formal letters, such as budget reallocation or deadline extension requests.
What you get
- Execution control by budget line, compared with the approved budget.
- Financial reports in the format required by the agency.
- Formal letters and responses to agency queries, reducing the risk of disallowed expenses.
Who it is for
Companies with a project approved under a grant call or another funding program that need to report on spending without disrupting operations.
How it works
- Initial setup: We set up control by budget line based on the approved budget.
- Monitoring: We check invoices, receipts and payments during project execution.
- Reports: We prepare interim and final financial reports in the agency's format.
- Agency queries: We respond to requests for clarification and prepare reallocation or extension letters.
Based in Maceió, serving clients remotely
Farol is based in Maceió, Alagoas, Brazil, and serves companies across the country. We handle projects approved by national and state agencies, for companies in Maceió and any other city. The entire routine works remotely, with shared documents.
If the project has not been approved yet, see how we structure proposals on the innovation grants page.
Frequently asked questions
What is a disallowed expense?
It is when the agency does not accept an expense in the financial report, because it falls outside the budget line, lacks proper proof or is outside the deadline. The disallowed amount usually has to be returned.
Can the budget be changed after approval?
In many cases, yes, by submitting a reallocation request to the agency, with a justification. We prepare the request and follow up on the response.
Do you take over grant reporting in the middle of a project?
Yes. We start by checking what has already been spent and documented, point out the risks and organize the rest of the execution.