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Financial Management PDF Print E-mail

(a) Financial resources of FOHRID
Financial resources of FOHRID are as follows:

  1.  Membership fees,
  2.  Monthly Levy from Executive body,
  3.  Membership renewal fees,
  4.  Grants and aids,
  5.  Publication sale,
  6.  Other miscellaneous resources.

(b) Financial System
Bank account of FOHRID is run in accordance with the provision in the FOHRID Statute. Chairperson, General Secretary, Treasurer and Programme Coordinator / Director sign the cheque. All financial decisions are made by Finance Committee. Finance Committee is chaired by Treasurer and Chairperson, General Secretary and Programme Coordinator / Director are members. It is obligatory to submit decision of the Finance Committee in the Executive Committee meeting that sits every three months; and the decision of the Executive Committee is submitted to the General Assembly.

(c) Internal Control
FOHRID has strongly applied the internal financial control system in the organization. Responsibilities and authorities as to various financial transaction and activities are distributed amongst the executives and members in such a way that they can be ensured to have been due and prudent. Many transactions involving amounts of substantial / material effect are authorized jointly by more than one member / personnel of the organization. Transactions of the organization are passed through a process fulfilling minimum required internal control and are duly supported by relevant documents. Activities transactions are cross-checked and cross-verified to ensure their existence, accuracy, prudence etc. FOHRID has written financial guidelines and all financial control systems are guided accordingly.

(d) Accounting System
All the capital and liabilities of FOHRID are kept under double entry book keeping system of accounts. Weekly and monthly trial balance of income and expenditure are prepaid and approved by the Finance Committee. General Assembly of FOHRID appoints registered auditor for the period of one fiscal year. Accounts is audited and report is submitted to the District Administration Office, Social Welfare Council and other relevant authorities. Necessary tax, if applicable, is paid according to the advice of the auditor. Necessary laws and policies have been followed by the organization.

 

Press Release

Impunity aggravated by promotion of those alleged of serious human rights violation, failure to prosecute and case withdrawal in Nepal 11 October 2012, Kathmandu, Nepal. Nepal government has failed to bring into justice system and prosecute those who are alleged of inv... Read more
International Justice Day-2012, FOHRID Urges Government of Nepal to ratify the Rome Statute of ICC 16 July, 2012, Kathmandu, Nepal Every year on 17 July the world celebrates International Justice Day (IJD) to commemorate the adoption ... Read more
Nepal: Criminalize torture and end impunity June 25, 2012, Kathmandu,Nepal We are observing June 26, 2012, the UN International Day in Support of Victims of Torture. The expressio... Read more
Appeal for immediate accession/ratification of the OP-ICESCR by Nepal Government 07 May 2012 (2069 Baishakh 22), Kathmandu, Nepal Nepal Government should immediately accede/ratify to the Optional Protocol to the Inte... Read more
Nepal must strengthen prosecution against impunity 12 January 2013, Kathmandu, Nepal. UK authorities arrested Nepal Army Colonel Kumar Lama on 3rd January 2013 from Sussex for his alle... Read more
Appeal to Nepal government to become accountable to respect and protect people's right to life 28 January 2013, Kathmandu, Nepal   Similar to the previous years, people in terai faced severe cold wave this winter also, ... Read more

Internship

Please drop your cv and application on email below:
fohrid@wlink.com.np