Financial Monitoring Report (FMR)

About Financial Monitoring Report (FMR)

Once a loan or grant is disbursed, most lenders and funding agencies require periodic financial monitoring reports showing how funds were utilised and how performance tracks against the sanctioned projections. We prepare these reports to the prescribed format and submission calendar, so a reporting lapse never puts your facility or grant at risk.

Key Benefits

• Reports prepared to the lender's or agency's prescribed format
• Fund utilisation clearly reconciled to sanctioned purpose
• Actual performance tracked against sanctioned projections
• Submission deadlines tracked and met
• Protects your facility from adverse classification

Our Process

1. Confirm the reporting format and calendar with the lender or agency
2. Collect the period's financial data and utilisation records
3. Reconcile fund utilisation against the sanctioned purpose
4. Compare actuals to sanctioned projections and explain variances
5. Prepare and review the report
6. Submit within the prescribed timeline

Documents Required

• Sanction letter and terms of the facility or grant
• Bank statements for the reporting period
• Financial statements for the period
• Invoices and proof of fund utilisation
• Previous monitoring reports submitted
• Original projections submitted at sanction