Financial management is about managing money received or spent. Doing this well is essential to any group's survival. There are a few essential steps in the funding process.
Where to start looking for funding
Department of Internal Affairs Community Funding Advisors can help you with a wide variety of information and advice. Go to their website for information on
Your Local Council will have someone available to discuss your funding needs.
Databases can be accessed by purchasing a license from the Funding Information Service or viewed for free at your local library.
Accountability involves two main functions
- reporting back to your funder
- your paper trail
Always ensure you do follow the accountability requirements of your funder. Plan for these in advance so they don't get overlooked. Not meeting your accountability requirements will impact on further funding. Make sure you supply your funder with all the details they require. Throughout the course of your funded project collect any reports etc and save these in your funding folder ready to include with your accountability.
Create a funding folder
Having a funding folder personalised for your organisation, and for each stream of funding you apply to and recieve simplifies the whole process.
to access a template.
Contact one of our
for assistance in this area.