; (B) to integrating the Palestinian economy into the international business system; and (C) to furthering contact, cooperation, dialogue, and reconciliation between Israelis and Palestinians. (2) Matters to be included Each report under paragraph (1) shall include— (A) information regarding— (i) contributions pledged to, contributions (including donations from the private sector) received by, and projects funded by the Fund; and (ii) the mechanisms established for transparency and accountability in the grant making and investment process; (B) a description of the Fund’s operations, activities, budget, receipts, and expenditures for the preceding 12-month period, including an audited report of the Fund’s finances, including statements of financial position, operations, and cash flows, in accordance with generally accepted government auditing standards prescribed by the Comptroller General of the United States; (C) insights gleaned from improvements to the efficacy of people-to-people relationships; (D) a description of potential strategies for achieving sustainability for civic institutions that the Fund creates or supports, including novel financing mechanisms; and (E) a description of the process for vetting and oversight of entities eligible for support from the Fund to ensure compliance with subsection (h). 5. Authorization of appropriations (a) In general There is authorized to be appropriated $50,000,000 for each of the first 5 fiscal years beginning after the date of the enactment of this Act. (b) Availability Amounts appropriated pursuant to subsection (a) shall be used for United States contributions to the Partnership Fund for Peace established pursuant to section 4(a).