What must agencies complete that prepare APR and AFR instead of PAR?

The Summary of Performance and Financial Information (SPFI) is essential for agencies that prepare an Annual Performance Report (APR) and Annual Financial Report (AFR) instead of a Performance and Accountability Report (PAR). The SPFI provides a consolidated overview of both performance and financial data, allowing stakeholders to assess the agency's effectiveness in achieving its goals in relation to its allocation of funds.

When agencies opt for preparing an APR and AFR, they are focusing on separate and distinct reports: the APR emphasizes the performance outcomes of the agency, while the AFR details the financial accountability. The SPFI bridges these two reports by summarizing how well the agency has performed in its objectives while being financially accountable, thus fulfilling the requirement for comprehensive reporting without merging the two into a single PAR.