Applicant shall report to the Authority how funds were expended in each fiscal year that Grant funds were disbursed, including a statement of sources and uses of funds for the program. A final report on the status of the program will be required from the Applicant at the end of the fiscal year following the final year that grant funds were expended. Information to be provided shall include, but not be limited to, the number of students served by the program and the number of students served by the program who attended or will be attending a college or university.

Grantees shall retain all program documentation and financial data necessary to substantiate the purposes for which the Grant funds were spent for a period of three years after the final report of the status of the program has been submitted.