Which of the following best describes the role of program managers regarding financial statements?

Program managers play a critical role in overseeing and ensuring the effective delivery of various services within their programs, which inherently involves managing financial resources. The correct response emphasizes that program managers utilize financial statements as a tool to monitor and control the budget associated with their programs.

By regularly reviewing financial statements, program managers can assess how funds are being allocated and spent in relation to the established budget. This ongoing oversight ensures that the services provided are delivered effectively and efficiently while adhering to financial constraints. They use financial data to identify variances, make informed decisions about resource allocation, and implement corrective actions if services are at risk of exceeding their budget.

The other options suggest a lack of engagement with financial aspects or a limited focus that does not reflect the comprehensive responsibilities of program managers. In reality, successful program management requires continuous financial oversight, not just a focus on compliance or performance at year-end. This highlights the integral role that financial statements play in guiding program expenditures and maximizing the impact of government resources.