Financial Reporting

Published on July 2016 | Categories: Types, Presentations | Downloads: 84 | Comments: 0 | Views: 487
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Financial Reporting

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PRP Grants Management Workshop

Financial Reporting

The Objective:
• To present the contractual issues to do with financial reporting, that is: 1. The templates & the acquittals process 2. The important deadlines 3. The audit reports submission POVERTY REDUCTION

1. The Cash Flow Forecast
• Is derived from the approved budget and the work plan • Provisional CF due on the 25th of the month preceding the quarter being forecast Cash Flow Forecast Template.xls • Final forecast due on the 25th of the first month of forecast, together with quarterly reports COMMUNITY DRIVEN

The Expenditure Reporting Template
• The monthly report, soft copy • The quarterly report, soft & signed hard copies • Due on the 25th of the month subsequent to the month being reported • Exp reporting template.xls
RESILIENCE

3.Request for cash advance and actual Expenditure report- Annex 1

• A summary of the quarter’s financial activities • Annex 1.xls

SUSTAINABLE IMPACT

4. Letter of Request
• A formal letter on the organization's letterhead • A part of the quarterly report set • Reflects the amount being requested • Reflects any remarks pertinent to the reports ECONOMIC EMPOWERMENT

(Sept) OctDec Prov. CF

(Oct)Jul – Sept Qtrly report

(Nov)Oct Monthly Exp report

April

?
(Mar)Feb Exp report + Prov CF

th 25

(Dec)Nov Monthly report + JanMar 12 CF

(Feb)Jan Monthly Exp report

(Jan)Oct-Dec Qtrly report

The Disbursement process
• • • • Quarterly requests Monthly disbursements First month – provisional forecast Second & third month – annex 1 plus final forecast • Disbursement can be monthly or quarterly advance at GRM’s discretion INNOVATION

Audits & Final Financial report
• An audited final financial report within 1month • Entity audited accounts within 4months

PRO POOR APPROACHES

Tatenda

Siyabonga

Thank you

REDUCING VULNERABILITY

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