According to the GPRA, what document must federal agencies prepare annually following strategic plans?

Federal agencies are required to prepare performance budgets annually in accordance with the Government Performance and Results Act (GPRA). This act aims to enhance the management and accountability of federal programs by linking funding decisions to the performance outcomes of these programs. Performance budgets provide a detailed account of the resources necessary to achieve the goals outlined in the strategic plans, showcasing how federal agencies intend to measure their success and the efficiency of their operations.

Performance budgets go beyond mere financial reporting; they emphasize the connection between budgetary appropriations and the results that agencies aim to deliver. This ensures that agencies focus not only on spending but also on achieving specific performance goals, which is a key aspect of the GPRA's intent to improve government effectiveness.

In contrast, the other options, such as financial statements, expenditure reports, and compliance documentation, do not specifically align with the requirements set forth by the GPRA regarding the annual documentation that follows the development of strategic plans. Financial statements focus on the overall financial status, expenditure reports detail the spending, and compliance documentation relates to adherence to laws and regulations rather than directly connecting budgets to performance measures.