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Financial Closure of Trust Funds

Financial Closure of Trust Funds Structure Element - Description 1. The section provides guidance on managing financial closure of trust funds.Structure Element - Relevant Policies Trust Fund managers are responsible for identifying and authorizing closure of inactive trust funds . Inactive trust funds are those trust funds that have not had any revenue (except interest revenue (account 53045) or …

Content Type: Document Document Type: Policy Effective Date: 01-01-2023 Planned Review Date: 31-12-2027 Policy Area: Financial Resources Management Policy Chapter: Financial Closure of Development Projects and Trust Funds Policy: Financial Closure of Trust Funds

Financial Closure of Development Projects

Financial Closure of Development Projects 1. Operational steps for financially closing projects should be carried out in tandem with the prescriptive content on the Close and Transition section of the Programme and Project Management page . The Operational Guidelines for Financial Closure of Projects provides a step-by-step procedure including other useful information. This guideline should be …

Content Type: Document Document Type: Policy Effective Date: 01-10-2020 Planned Review Date: 30-09-2027 Policy Area: Financial Resources Management Policy Chapter: Financial Closure of Development Projects and Trust Funds Policy: Financial Closure of Development Projects

Refunds to Donors

Refunds to Donors Unexpended balances are refunded to donors where dictated in the contribution agreement with the donor and in the Terms of Reference for trust funds. Refunds can only be made where specified in Financial Closure of Development Projects or Financial Closure of Trust Funds . 1. Refund process to donors Structure Element – Flow Chart A. Structure Element - Procedures 1.1 Cost …

Content Type: Document Document Type: Policy Effective Date: 18-03-2015 Planned Review Date: 09-01-2026 Policy Area: Financial Resources Management Policy Chapter: Financial Closure of Development Projects and Trust Funds Policy: Refunds to Donors

Transfers where Unexpected Balances are Not Refunded

Transfers where Unexpended Balances are not Refunded to Donors Structure Element - Description 1. This section addresses the transfer of unexpended cost-sharing or trust fund balances where those balances are not refunded to donors.Structure Element - Relevant Policies 2. Unexpended balances are transferred where allowed by the contribution agreement with the donor and in the Terms of Reference …

Content Type: Document Document Type: Policy Effective Date: 01-01-2023 Planned Review Date: 31-05-2027 Policy Area: Financial Resources Management Policy Chapter: Financial Closure of Development Projects and Trust Funds Policy: No Refunds