Priyanka Dissanayake- Regional Coordinator SAS June 24, Port of Spain TRINIDAD

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)

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

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

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

Income and Reporting of LRF 2013

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

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.

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