An Audited Financial Report (AFR) is prepared by the UPLB Accounting Division indicating the expenditures and the remaining balance of the project for a certain period. There are funding agencies which require the quarterly submission of AFRs, but there are those which require AFRs every six (6) months.
The AFR of a project, after made available by the UPLB Accounting Division is submitted by the OVCRE to the funding agency. A copy is also furnished to the project leader. Proponents can request an updated AFR from the UPLB Accounting Division as he or she deems necessary.