By Mahabir Chaudhari | project leader
Financial report:
Project: Recovery Support to Flood Victims in Nepal (# 29173)
At first BASE was consulted to the schools where flood was happened. The meeting was organized with the school administration and collected formal request from school about children's data. Based on the available data from school, number of flood affected children was identified and necessary educational material list was prepared with the school. Based on the BASE policy the material were purchased and prepared distribution plan for the educational material. For financial management, BASE is applying both software and manual system and it's depending on the volume and nature of program. All the financial disbursement takes place from the BASE central to the district offices and based on the project nature central office also execute the program directly (in the case of natural disaster (flooding).
BASE finance section is keeping all the financial transaction record. The transaction vouchers are raised by finance section and take approval from Executive Director before disbursement of budget. Financial reporting is done by senior financial coordinator of BASE in close support of other subordinate staff. District finance officers prepare report and provided to Finance Coordinator on monthly/quarterly basis. Finance Coordinator will compile the financial report in close coordination of Program Manager/Executive Director, and report to the donor through Executive Director. Executive Director has the overall responsibilities to ensure for the timely implementation and reporting both narrative as well as financial reporting. After the support all the receipt and documents are kept by finance section.
At the end of the year financial audit will take place by chartered accountant (CA) and report to government of Nepal and funding agencies.
Note: Financial report has uploaded with program photographs.
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