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Priyanka Dissanayake- Regional Coordinator SAS June 24, Port of
Spain TRINIDAD
GWP South Asia Regional Office Hosted by International Water
Management Institute (IWMI), Sri Lanka Six CWPs excluding
Afghanistan & Maldives BWP (Bangladesh) BhWP (Bhutan) GWP Nepal
IWP (India) PWP (Pakistan) SLWP (Sri Lanka)
LRF definition GWP Financial Guidelines 2014 Contributions
received directly into RWP/CWP bank accounts from donors other than
GWPO (unless there is a legally binding agreement that requires
otherwise) HI/RWP are requested to provide GWPO with summary
information on all LRFs Regional Quarterly Financial Report
Global reporting of LRF The audited and reported LRFs will form
part of the GWP Annual Financial Report and the GWP Annual Report
GWP in Action vital component in the report back to core
donors
Income and Reporting of LRF income under Item 3. Locally raised
funds in the Balance Report Associated expenditures shall be
reported as locally raised expenditures in the Expenditure Report
for either 5. Locally Raised Funds secured Core or 6. Locally
Raised Funds secured Water & Climate Project
Income and Reporting of LRF 2013
The LRF budget that goes through the GWP SAS account is only
APAN funds (16 & 17 in the table previous slide) 1-15 reported
goes through CWP/ HI CWP Bank accounts Challenge : With the
inclusion of LRF of CWPs in the balance report, it is not possible
to balance the report only with the RWP bank balance. Income and
Reporting of LRF 2013
Income and Reporting of LRF Balances of the CWPs bank accounts
will not balance with the expenditures they report unless we adjust
the accrued expenses and receivables. The same accrued expenses and
receivables should report in the consolidated report since we
list/add the CWP bank balance.
Income and Reporting of LRF 2013 Example from a CWP Challenge
Therefore, we had to include CWP bank balances, as well as the
accrued expenses and receivables of CWPs It consumes significant
time to prepare and request the bank statements and the settlement
accounts of the CWPs Thanks! To HI IWMI and CWPs GWP SAS do
this