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Financial Support

What percent of the financial assistance is spent on Administration? And at what level?

5 to 7 % at the H.Q. of support agency and Project Area level

At what levels the financial assistance is spent? What is the mode of sending the money?

H.Q. of support agency 5% Corpus
  15% Central Training and other arrangements
Project Area Center 5% School in process and other arrangements
  75% Existing Schools
  100%  
Money transaction at all level is strictly done through Bank A/c only

What are the schemes to collect donations for Ekal Vidyalay?

1. School Adoption Annual ($ 365) Rs.20,000/-
2. Child Adoption Annual ($ 10) Rs.500/-
3. Child Adoption For three years ($ 20) Rs.1,000/-
4. Child Adoption Lifetime ($ 60) Rs.3,000/-

In how many years the school becomes self sufficient? What are the expectations for local contribution?

Approximately in 5 years In some regions it takes 6 to 7 years Expectations for local contribution:

Village level Teacher's Honorarium and Teaching Aids
Cluster and Sub Area level Trainings and Travel Expenses
Project Area level Honorarium and Office Expenses

If a donor is unable to give support for an year, is the school closed? If not, what is the arrangement?

  • The schools is not closed
  • The alternative arrangement is by finding a new donor from the corpus fund

Is there any possibility of writing the name of the donor on the sign board? And how often school are being allotted?

  • Yes, it is possible. A flax banner with the donor's name printed, is sent to the school to be pasted on the sign board.
  • School are being allotted to the donor twice in a year i.e., in month April (Ram Navami) & October (Deepavali)

What are the reports expected at the chapter of support agency, before the assistance is sent?

  • Monthly Account Report (MAR)
  • Monthly Work Report (MWR)
  • Quarterly Work Report (QWR)

Whose approval, at the assisting center is obtained, before sending the assistance?

Checking by the Project Section In-charge (by Office staff)
Approval by the H.Q. Coordinator
Analytical study by the sub-committee (field related office work)

Are the accounts regularly audited?

Regular audit arrangements at all the three levels

  • Center
  • Chapter
  • Project Area

 

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