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F C R Pres
1. Sabrina Lee Funding Advisor, Voscur 12 th July 2007 Full Cost Recovery: An Introduction
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12. Premises and Office costs Include: Renting and maintaining buildings, utilities, computers, desks and furniture. Costs are usually shared among all staff working in an organisation regardless of whether they are working on projects, administration etc. Rental space being used solely by a project could be charged as direct costs, but a fair proportion of rent and utilities used by management/admin and finance staff should be included.
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15. General Fundraising Costs Costs associated with raising unrestricted funds for the organisation, including managing investments. Costs of salaries for people engaged in fundraising, Fundraising events, direct mail appeals, membership drives and marketing and publicity for fundraising purposes
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18. The Chartered Institute of Public Finance and Accounting Total cost of a service should include an appropriate share of support services and other overheads. Share of these other costs should be allocated across users and beneficiaries of services in accordance with the following 7 principles: Complete recharging Reality Correct recipient Predictability Transparency Materiality Flexibility
19. Is this Double funding? Often confused with funding full costs. Double funding would only occur if the organisation were recovering more than 100% of their costs Full Cost Recovery may mean that two funders fund the same project One funder funds the costs of one project worker and second funder funds the costs of second project worker. Both funders fund a share of the overhead costs (i.e. 20% of Directors Salary)
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21. Develop a two day joint workshop between Community development and other members of VCS board and VCS representatives (Early September) Train, discuss and develop guidelines for implementing and using FCR appropriately in bids and applications Cascade training on FCR to groups who take part on Voscur’s training workshops for groups applying for the Community Development Investment budget (Late September/early October) Next steps