1 / 9

DAY 3 Session 2

DAY 3 Session 2. Funding Sources and Managing Costs/Resources: Slides. Outcomes for participants. At the end of this session participants should be able to: Identify and describe the range of funding sources that might be useful for the success of their association’s proposal

ulla-blair
Download Presentation

DAY 3 Session 2

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. DAY 3 Session 2 Funding Sources and Managing Costs/Resources: Slides

  2. Outcomes for participants At the end of this session participants should be able to: • Identify and describe the range of funding sources that might be useful for the success of their association’s proposal • Understand indicative costing categories

  3. Range of Funding Sources • Library associations need to be accountable and transparent - finances should be available for scrutiny not only by auditors but by members as well. • Two key principles of a financial management system are: • Transparency • Accountability

  4. Recurrent Funding Streams • Common funding sources include ongoing funds: • Funding from membership fees and/or • Regular government funds • Running professional registration courses • Conferences and related activities • Sale of products, publications, advisory services and • Continuing professional education courses • These funds are ongoing (recur annually even if the amount might vary) and are often described as recurrent funds.  

  5. One-Off Funding Streams • Associations might also receive one-off funds, funds received on a one-off basis, for example: • a project, such as a one-year literacy initiative.   • External grant or sponsorship funding falls into this category. • One-off funding is generally managed and reported on separately to the funding authority.

  6. In-kind Contributions • Associations are commonly supported by other organisations, such as national libraries, which provide accommodation and sometimes equipment for the operation of association business. • Contributions of this kind are often essential for the viability of an association.

  7. Funding Sources for Proposals • Work in association or regional teams to consider funding sources for your proposal(s). • You may know of sources that are particular to your countries or regions and you are encouraged to share these. • Any new sources should be noted and posted on walls for the group to see and consider.

  8. Managing Resources for a Proposal • A properly costed budget for your proposal will: • Help achieve its goals and meet its objectives • Give you the confidence that your association will be able to cover costs • Identify problems before they occur (such as the need for additional resources etc.) • Improve decision making • Increase donor/stakeholder confidence in your association.

  9. Proposal Budget Guidelines • You need to be able to accomplish the proposed project within the budget proposed • Costs must be reasonable and allowable. It should be clear how they have been calculated. • The cost is generally recognised as necessary to achieve the objectives of the proposal/project • The cost should be consistent with your association’s policy and the donor/sponsor’s policy. • Costs can easily be allocated in proportion to the benefits derived by a specific project

More Related