Diverse Funding Sources:
Trinamool Unnayan Sangstha (TUS) secures funding for its initiatives from a variety of sources, both local and international. These sources include grants and soft loans obtained from governmental and non-governmental agencies, as well as international organizations and donors.
Adherence to Constitutional Provisions:
TUS meticulously maintains its financial records by the provisions outlined in its constitution. This ensures that all financial transactions are conducted in a transparent and accountable manner, with strict adherence to established guidelines and regulations.
Secure Banking Practices:
All funds and cash flows received by TUS are securely deposited in government-scheduled banks. This ensures the safety and integrity of the organization’s financial assets, while also facilitating efficient management and oversight of financial transactions.
Operational Oversight:
Operational oversight of TUS’s bank accounts is a collaborative effort involving key members of the organization, including the Chairman, Executive Director, and Treasurer. Together, they jointly manage and monitor financial transactions to ensure compliance with established protocols and procedures.
Project-Specific Bank Accounts:
In cases where a project office requires a separate bank account, this is initiated only with the approval of the executive committee. This ensures that financial resources allocated for specific projects are managed and accounted for separately, by project-specific requirements and objectives.
Field Office Operations:
Bank accounts operated by TUS’s field offices are managed by nominated individuals from the project staff, under the supervision of the Executive Director and members of the executive committee. This decentralized approach to financial management allows for effective monitoring and oversight of financial activities at the local level.
Internal and External Audits:
TUS maintains an Internal Audit Team that conducts regular internal audits to ensure compliance with financial regulations and procedures. Additionally, external auditors are appointed on an annual basis to provide an independent evaluation of the organization’s financial practices. Donors also conduct audits of their respective projects according to predetermined schedules, further ensuring transparency and accountability in financial management.
Commitment to Compliance:
TUS is committed to upholding the highest standards of transparency, accountability, and compliance in its financial management practices. By adhering to constitutional provisions, maintaining secure banking practices, and conducting regular internal and external audits, the organization ensures that its financial resources are used effectively and responsibly to support its mission and initiatives.
