Fund Accountability Statement

A Fund Accountability Statement is a financial report that shows how a government or organization manages and uses funds allocated for specific projects or purposes. It details the revenues received, expenses incurred, and the remaining funds, ensuring transparency and proper stewardship. Essentially, it provides a clear record to demonstrate that funds are spent appropriately, in accordance with laws, regulations, and intended goals. This helps stakeholders, such as taxpayers or donors, understand how financial resources are being used and assures accountability for public or organizational funds.