2. 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)
3. 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
4. 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
5. 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”
7. • 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
8. 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.
9. 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
