Sources of financial and resources mobilisation
Answers
Answer:
Examples include spreading flyers, holding community meetings and recruiting volunteers. Material: Includes financial and physical capital, like office space, money, equipment and supplies. Human: Resources such as labor, experience, skills and expertise in a certain field.
Explanation:
Resource mobilization strategies and processes may be constrained by parameters or rules established by the partners at the inception of the program and recorded in the charter or initiating legal
documents. For example, these may require donors to contribute a
minimum amount per year in order to have a seat on the governing
body. They may specify that funds cannot be accepted from private
sector sources, or only under certain conditions. Or they may require
separate accounts for different expected uses of funds, which would
affect the recording of the deposits.
Financial management refers to all the processes that govern
the recording and use of funds, including allocation processes, crediting and debiting of accounts, controls that restrict use, and accounting
and periodic financial reporting systems. In this Sourcebook, financial management also includes the processes which ensure that funds are
used for the purposes intended — a fiduciary standard that is expected by the vast majority of donors.77 In cases where funds received
accumulate over time, it would also include the management of the
cash and investment portfolio...