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Policy C1 · Financial Integrity & Regulatory Compliance
Financial Management & Internal Controls

Financial Management & Internal Controls.

To safeguard funds and assets and ensure accurate accounting and reliable information.

All policies

Purpose

To safeguard funds and assets and ensure accurate accounting and reliable information.

Key commitments

  • An annual budget is approved by the Board before the financial year.
  • Duties are segregated — the person who initiates a transaction does not approve or record it.
  • All funds pass through Foundation bank accounts; payments require dual authorisation; cash is minimised.
  • Books are kept on an accrual basis; balances are reconciled regularly and reviewed independently.
  • An external auditor is appointed where required by law, by a donor, or by Board decision.

This is a public summary of policy C1 — Financial Management & Internal Controls, part of the Foundation’s board-adopted Policies & Compliance Framework. The full policy document is being finalised for legal verification and Board adoption, and is available on request. Statutory references are verified against the consolidated texts in the Official Gazette of the Republic of Kosovo at the date of adoption.

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