Director,
T.E.(Terry)
Manning,
Schoener 50,
1771 ED
Wieringerwerf,
The
Tel:
0031-227-604128
Homepage:
http://www.flowman.nl
E-mail: (nameatendofline)@xs4all.nl :
bakensverzet
Incorporating innovative
social, financial, economic, local administrative and productive structures,
numerous renewable energy applications, with an important role for women in
poverty alleviation in rural and poor urban environments.
"Money is not the key that
opens the gates of the market but the bolt that bars them"
Gesell, Silvio The Natural
Economic Order
Revised English edition, Peter
Owen, London 1958, page 228
Edition 12:
The
project is based on separation of powers between the controlling party (the
project NGO) “the parliament” and the executive project coordinator “the
government” nominated by the NGO to execute the project.
Financing
parties have two structures to ensure on-going audits of the project works are
carried out.
1.
The project NGO fronts for the project and maintains on-going auditing powers to
ensure correct project execution. It nominates an auditing commission with
5 (7) members. The statute of the project NGO allows the financing parties to
nominate executive auditors to the auditing commission. Commission members
nominated by the NGO may be paid salaries by the NGO. Commission members
nominated by the financing parties may be paid salaries by the financing
parties. For practical purposes commission members should be resident in or near
the project area. Neither the auditing commission nor NGO may intervene directly
in the execution of the project, as this is the responsibility of its nominee
project coordinator. The auditing commission answers to the financing parties
and to the independent auditor. The auditing commission has full rights of
inspection of all project activities and documents.
2.
An independent auditor nominated by the project NGO and approved by the
financing parties reports every six months to the financing parties with copy to
the project NGO. The independent auditor also submits a final audit at the close
of the two years’ executive period of the project, and after each following 12
months’ period. The independent auditor has full rights of inspection of all
project activities and documents, including the activities and documents of the
auditing commission. The independent auditor is paid by (the external financing
party, the project NGO).
3.
The auditing commission may nominate one or more of its members as executive
auditors to co-sign with the project coordinator payment authorisations
concerning:
a)
Transfers
of funds from a (Euro or US$) project account with the external bank, to a
formal currency account in the local currency of (host
country).
b)
Transfers
of funds from a (Euro or US$) project account with the external bank to foreign
consultants contractors and suppliers.
c)
Transfers
from the formal money account in the local currency of (the host country) to
consultants contractors and suppliers of (host country), in excess of (amount in
national currency). Smaller payments are made by the Project Coordinator from
the Cooperative Local Development Fund, subject to full registration and
accountability.
d)
Transfers
from the formal money account in the local currency of (the host country) into
the Cooperative Local Development Fund.
To
avoid conflict of interest, neither the project coordinator nor the independent
auditor may be members of the
project NGO. They project coordinator answers through the on-going auditing commission
to the project NGO. The auditing commission answers to the project NGO and the
independent auditor. The independent auditor answers to the external financing parties
with copy of the report to the
project NGO.
List of drawings and
graphs.
Typical list of maps.
List of key
words.
List of
abbreviations used.
Documents for
funding applications.