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Financial Matters and Budget Allocation for INTOSAI Initiatives

This agenda item discusses the allocation of INTOSAI's revenue to strategic goals, funding for the INTOSAI Community Portal, proposals for the utilization of remaining budget allocation, funds allocation to working groups, and the project proposal format.

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Financial Matters and Budget Allocation for INTOSAI Initiatives

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  1. Agenda Item 18Financial Matters 11th Meeting of KSC Steering Committee Pampanga, Philippines (12-14 June 2019) SAI-India INTOSAI Knowledge Sharing and Knowledge Services Committee

  2. Allocation 25% of INTOSAI’s revenue allotted to Strategic Goals To be shared equally among all goal chairs for years 2017, 2018 and 2018 Euro 18921 and 19502 and was provided for 2017 and 2018. Euro 2955.75 has been received for 2019 Euro 16,000 more expected for this year

  3. Allocation towards INTOSAI Community Portal • 9th KSC SC approved utilization of allocation for revamping of the INTOSAI Community Portal. • Require Euro 15000 for the development and Maintenance of INTOSAI Community Portal. • Hiring of full time consultant necessary for Content management of INTOSAI Community Portal. • This would entail a cost of about Euro 7500 a year on recurring basis. • Developing a mobile app for CoP, once the design of CoP is stabilized, would entail a one time cost of about Euro 3000.

  4. Some proposals for utilisation of remaining Budget allocation of 2017-2019 • WGEPPP (SAI France) has requested funds for translation of documents in French. • WGKNI (SAI Russia) has requested assistance in holding the Annual meeting of WGKNI. • WGEI to organize and facilitate trainings and workshops .

  5. Funds allocation to WGs • After making provision for Portal and other crosscutting priorities, funds to be divided equally among all WGs • subject to the condition that WG will utilize the funds for activities approved in KSC Work Plan in force • Proposal in the prescribed template to be forwarded to Goal Chair. • Share not utilized by WG within the year of allotment, to be carried forward to next year. • KSC Steering Committee may also consider allocation of share of one WG to another WG on the merit of ease case. • Utilization certificate to be forwarded by WG chair to Goal Chair

  6. Project Proposal Format • Description of the area for which funding is requested (Demonstrated need for projects and initiatives) • Link it with the approved Working Group Work Plan commitments • Link with approved KSC Work Plan commitments • Description of anticipated benefits and timeframe for their accrual • Description of feasibility and risks • Estimated cost of the proposal (€)

  7. Discussions and Approvals • Proposals to the Steering Committee • Hiring of full time media consultant - Euro 7500 a year. • Develop a mobile app for CoP - Euro 3000. (to be undertaken only when sufficient level of participation is achieved) • After making provision for Portal and other crosscutting priorities, divide funds equally among all WGs. • The unutilized share will be carried forward to the next year. • KSC SC may allocate unutilized funds to another WG. • Project Proposal format.

  8. THANK YOU

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