In an era where donor-funded projects have become a linchpin for achieving social and economic progress, sound financial management is the cornerstone of success. Organizations, both large and small, rely on donor funds to drive transformative change, and the effective stewardship of these resources is paramount. The “Financial Management for Donor Funded Projects” training program is designed to equip professionals and organizations with the essential skills and knowledge required to navigate the intricate financial landscape of donor-supported initiatives.
TRAINING OBJECTIVES
By the end of the training the participant should be able to:
Familiarize with the specific financial and reporting requirements of different donors.
Learn how to create and manage project budgets that align with the donor’s guidelines and the project’s goals.
Identify tools and techniques for monitoring project financial performance and implementing effective controls to stay on track with the budget.
Learn how to prepare and submit financial reports to donors.
Identify and mitigate financial risks associated with donor-funded projects.
Overview of Donor Funding: Understanding the concept of donor funds, Types of donors, Objectives of donor funds
Disbursement procedures of donor funds: General procedures
Budgeting for Donor Funds: Preparation of budgets, Allocating costs and resources, Forecasting expenses and revenue
Financial Reporting: Types of financial statements, Compliance with Generally Accepted Accounting Principles
Grant Proposal and Application: Identifying the project and funder, Developing effective grant proposals.
Grant Management and Monitoring: Internal controls for effective management of donor funds, Monitoring project progress and expenditures.
Auditing and Compliance: Identifying and mitigating financial risks, Risk based audits, Preventing fraud, corruption, and conflicts of interest, Complying with donor regulations and local laws.
Cash Flow Management: Managing cash flow to ensure the organization’s ability to meet financial obligations, Strategies for maintaining a positive cash flow, Handling fluctuations in revenue and expenses.
Case Studies and Best Practices:, Learning from real-world examples
Adapting to Changing Donor Landscapes: Changes in donor priorities and funding trends.
NB: The content and depth of the training can vary based on the specific needs of the participants.
GENERAL NOTES
i. The clients have many options on where they would wish to have the training
Onsite training
Online Training
a. Mombasa
a. Zoom
b. Nairobi
b. Webex
c. Naivasha
c. Google meets
d. Machakos
d. Google teams
e. Thika
f. Nakuru
g. At work place
ii. The client should communicate their preferred training venue at least seven days before the training date failure to which the training shall take place in Nairobi.
iii. This training is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. It is taught through a mix of practical activities, theory, group works and case studies.
iii. Training manuals and additional reference materials are provided to the participants.
iv. Upon successful completion of this training, participants will be issued with a J.W Arichum & Associates certificate.
v. The onsite training fee covers tuition fees, training materials, tea at 10am, lunch, tea at 4pm, training venue and a certificate on completion. Accommodation and travel may be arranged for our participants upon request.
vi. The online training fee covers tuition fees, training materials, and a certificate on completion.
