Financial Strength of CGS.
Financial System of CGS
The fund under credit programme is maintained in accrual basis and the accounts of donors is maintained as per donors guide line
⦁ Joint signatory for Bank Operation.
⦁ Money requisition process maintained.
⦁ Monthly financial budget planning according to different programmes.
⦁ Cash basis cash and Ledger Book maintained.
⦁ Accrual basis computerized accounting system is practiced.
⦁ CGS Financial Mannual is strictly followed.
⦁ Organizational Accounting Manual is followed.
Audit, Monitoring & Evaluation
I) Audit
Under the supervision of the Executive Director a skilled qualified internal audit team auditing every project of CGS. Annual accounts and audit reports are prepared by a registered CA audit firm. In addition, CGS has a strong Monitoring Department consisting of a number of professional staffs and findings & remarks of audit are share with the stakeholders.
ii) Monitoring:
CGS has a Professional staff to observe its different activities. The team members visit projects of CGS P at field levels and prepare reports indicating the shortcomings and deficiencies. They intervene activities by suggesting measures to resolve the shortcomings and deficiencies CGS has a strong Monitoring Department headed by Executive Director comprising number of professional staff members. CGS always gives emphasis on participatory monitoring process.
CGS monitoring Cycle
III) Evaluation
Evaluation is one of the core working mechanism. The main objectives are: Find out new development strategy for the beneficiaries, Find out impact of any project/programme, Find out new approaches for development activities, Find out progress achievement of the project and programmes, Find out the possible diversification of existing projects.