WATCH: Financial Reporting
LCCs can submit their FY27 Financial Report using the grants management system. Financial Reports must be submitted by October 8, 2026.
To submit the Financial Report:
- Go to the grants management system and log in.
- Click “Financial Report” in the LCC Annual Report section of your home page.
- Open the FY27 record.
- The Financial Report consists of two sections/tabs. The second tab will become visible when you complete the first tab. In both tabs, when you hover your mouse over the “?” next to each field, you will see an explanation of that field.
Tab 1: LCC Account Form
Mass Cultural Council forwards the blank LCC Account Form to your municipal fiscal officer (this may be the city/town treasurer, auditor, or accountant) via email. The municipal fiscal officer will report the LCC’s account activity from the prior fiscal year (July 1 of the previous calendar year through June 30 of the current calendar year) and record it in the LCC Account Form. Then, LCCs input the information from the Account Form into the fields on this tab and click “Submit”.
After the section has been submitted, you cannot make changes to the LCC Account Form in Tab 1. It must exactly match what your municipal fiscal officer reported. If your municipal fiscal officer made an error, you must get a corrected LCC Account Form from them and send it to your Mass Cultural Council staff contact who will edit the LCC Account Form in Tab 1.
Tab 2: Calculate Amount Available to Grant
The second tab will only appear after you have successfully submitted your LCC Account Form. This section will help your LCC account for your state and local funds and calculate your total dollars available to grant this year. Box A through Box D should include any financial changes to the LCC’s municipal account balance since July 1 of the current year, as well as any encumbered funds that are still promised to past grantees. Please complete each box sequentially and use the “Save Draft” to trigger the auto-calculation feature for some boxes.
- When you have completed the form, click “Submit”.
While your Financial Report is in the “Submitted” status you can return to Tab 2 during or after your LCC’s voting meeting if you need to make changes to the “Calculate Amount Available” tab. For example, you can edit the form if your LCC voted to take more, or fewer, administrative funds or locally-raised funds. To make edits return to the Financial Report and click “Re-Open”. Then, make your changes and click “Submit”.
