How to keep grant reporting records for farmers markets
Learn what farmers market managers should gather, save and check to report on grant spending, with steps, common mistakes and tools to compare.
CDings is published by the makers of Raise Buddy and ProductCost, which are compared here alongside other tools.
Keeping grant reporting records means saving the funder's required documents, spending and results as you go, not at the end. Check the funder's reporting rules first, then set up one simple record system that everyone on the market team can use.
| Option | What it does | Cost |
|---|---|---|
| Raise Buddy Free plan [1] | Opens programs up to $1,000. [1] | Free. [1] |
| Raise Buddy Plus plan [1] | Opens programs up to $5,000. [1] | $14.99 a month. [1] |
| Raise Buddy Pro plan [1] | Opens every program, with advisors' review and AI connection. [1] | $199 a month. [1] |
What you need before you start
Farmers market managers handle many small records at once, so it helps to set up the files before the grant period starts. Gather these items in one shared folder.
- Grant agreement. Keep the signed award letter and the full agreement, with its reporting dates and allowed spending.
- Budget. Keep the approved budget by line item so each expense can be matched to it.
- Organization details. Record the legal name, tax status, and the contact person who signs reports.
- Receipts and invoices. Save every paid bill with its date, vendor, amount, and purpose.
- Market day records. Keep the date, location, and vendor list for each market day, since reports often ask what the funds supported.
- Outcome records. Note attendance, vendor participation, and any measures the funder names, using the same method each time.
- Reporting calendar. Write down every report due date and who is responsible for it.
A simple folder with these items makes each report faster to finish and easier to check.
Step by step
Set up the records before the first market day, then update them every week.
- Set up the folder. Create one shared folder for the grant and name it with the grant title and reporting period.
- Save the agreement. Store the signed award letter and full agreement, and mark the reporting dates and allowed spending.
- Record the budget. Enter the approved budget by line item so that each later expense can be matched to a line.
- Log every expense on the day it happens. Save the receipt or invoice with its date, vendor, amount, and purpose.
- Log each market day. Note the date, location, vendors who attended, and any problems, using the same format every time.
- Track outcomes as they happen. Record the measures the funder names, such as attendance or vendor participation, along with the method used to count them.
- Match records to the budget each month. Check that spending lines up with the approved budget, and note any change that the funder must approve.
- Calendar every report. Write each due date on a shared calendar and assign one person to prepare it.
- Review before you submit. Compare the report against the records and the agreement, and keep a copy of what was sent.
Tools that can do it
Several kinds of tools can hold these records, and the right choice depends on what the funder asks for. Check whether the spreadsheet or accounting software you already use can export the categories the funder names. Ask the funder whether it provides a reporting template or portal, and use it if one is provided. A local business support office may be able to explain record keeping for its area, so ask what help it offers and whether there is a cost.
Raise Buddy is made by the team that publishes this site. You paste your website or describe what you do, and it lists grants, loans, credits, prizes and other funding you may be able to apply for. [1] It keeps track of where each of your applications stands, but you apply on the funder's own site. [1] Its tracking covers the application stage, so for reports after an award, rely on the funder's agreement and reporting template. The first three matches in each section open on every plan. [1]
Frequently asked questions
What records do farmers market managers keep for grant reporting?
Keep the signed grant agreement, the approved budget, receipts for every paid expense, and records of each market day such as dates, vendors and attendance. Add the outcome measures the funder names in its agreement. Because each funder sets its own report form, the funder's reporting guide is the final list. Check it before the first market day so nothing is missed later.
How long should grant reporting records be kept?
Retention periods are set by each funder and by the agreement that governs the award, so they can differ from one grant to the next. Read the record-keeping clause in the agreement and ask the funder when you are unsure. Keep records in one place with dates, so they can be found during a review. Stop only after the funder confirms the period has ended.
Can Raise Buddy track grant reporting deadlines?
Raise Buddy keeps track of where each of your applications stands, but you apply on the funder's own site. [1] That tracking covers the application stage, not reporting deadlines after an award. For report due dates, rely on the funder's agreement and your own reporting calendar.
Can Raise Buddy read tax documents for a farmers market?
Raise Buddy can read a Schedule C, Form 1120, 1065 or 990, or an IRS letter, from a photo or PDF into a draft profile you confirm. [1] It does not keep the EIN or the papers. [1] Keep your own copies of tax records in the grant file so they stay with the rest of the reporting records. Keep your own copies of tax records in the grant file so they stay with the rest of the reporting records.
How much does Raise Buddy cost?
The Free plan opens programs up to $1,000. [1] The Plus plan is $14.99 a month and opens programs up to $5,000. [1] The Pro plan is $199 a month, with every program, advisors' review and AI connection. [1] The first three matches in each section open on every plan. [1] Compare the plans against the search you need before you pay.
Free plan opens programs up to $1,000; Plus is $14.99 a month (up to $5,000); Pro is $199 a month (every program, advisors' review, AI connection). The first three matches in each section open on every plan. [1]
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