This presentation provides an overview of how CBO estimates the costs of federal student loans under the Federal Credit Reform Act of 1990.
Presentation by Justin Humphrey, an analyst in CBO’s Budget Analysis Division, at the Postsecondary National Policy Institute.
This presentation provides an overview of the major federal student aid programs (including federal direct student loans, Pell grants, and campus-based aid) provided through the Department of Education. It also briefly discusses basic budgetary issues related to those programs, including how procedures established in the Federal Credit Reform Act are used to estimate the cost of federal student loans and how the Pell grant program is supported by both discretionary and mandatory funding.
Presentation by Justin Humphrey, an analyst in CBO’s Budget Analysis Division, at the Committee for Education Funding.
Join this session to explore how to meet the talent needs of rural companies and communities today and tomorrow. Learn how workforce development models – particularly apprenticeship and other forms of work-based learning – can effectively adapt to a rural context. This session will emphasize strategies to grow talent locally, beginning with youth-focused programming, and will examine workforce development in the context of broader national trends, including the Great Resignation, a shift to remote work, and national investment in infrastructure such as broadband technology. This presentation will also examine how the economic development community can support a stronger and more equitable talent ecosystem.
Supporting Rural Entrepreneurship Through Collaborationnado-web
Rural areas boast great innovation and creativity, but sometimes lack knowledge about available resources or a robust, well-coordinated ecosystem of support organizations to enable entrepreneurs to build businesses to their potential. During this session, hear about one region’s experience using the Strategic Doing process to pivot economic development strategies during the pandemic to support the digital economy and entrepreneurship. Further, learn how regions can leverage community resources more effectively by building collaboration to support entrepreneurs.
This presentation provides an overview of how CBO estimates the costs of federal student loans under the Federal Credit Reform Act of 1990.
Presentation by Justin Humphrey, an analyst in CBO’s Budget Analysis Division, at the Postsecondary National Policy Institute.
This presentation provides an overview of the major federal student aid programs (including federal direct student loans, Pell grants, and campus-based aid) provided through the Department of Education. It also briefly discusses basic budgetary issues related to those programs, including how procedures established in the Federal Credit Reform Act are used to estimate the cost of federal student loans and how the Pell grant program is supported by both discretionary and mandatory funding.
Presentation by Justin Humphrey, an analyst in CBO’s Budget Analysis Division, at the Committee for Education Funding.
Join this session to explore how to meet the talent needs of rural companies and communities today and tomorrow. Learn how workforce development models – particularly apprenticeship and other forms of work-based learning – can effectively adapt to a rural context. This session will emphasize strategies to grow talent locally, beginning with youth-focused programming, and will examine workforce development in the context of broader national trends, including the Great Resignation, a shift to remote work, and national investment in infrastructure such as broadband technology. This presentation will also examine how the economic development community can support a stronger and more equitable talent ecosystem.
Supporting Rural Entrepreneurship Through Collaborationnado-web
Rural areas boast great innovation and creativity, but sometimes lack knowledge about available resources or a robust, well-coordinated ecosystem of support organizations to enable entrepreneurs to build businesses to their potential. During this session, hear about one region’s experience using the Strategic Doing process to pivot economic development strategies during the pandemic to support the digital economy and entrepreneurship. Further, learn how regions can leverage community resources more effectively by building collaboration to support entrepreneurs.
Much like the construction of broadband networks across municipality borders, community development efforts often rely upon collaborations between multiple local governments and other organizations to produce the best outcomes. This session will focus on best practices for regional collaboration around broadband and community development. This session will also highlight a success story about reaching universal broadband coverage in Grayson County, Virginia.
This SOP describes how BDPA Education and Technology Foundation (BETF) will handle any requests for support (financially, voluntary or in-kind) of SITES programs initiated by BDPA at a local or national level.
The process begins with (Point A) BDPA chapter president or national BDPA executive committee member requesting BETF support or (Point B) BDPA chapter president or national BDPA executive committee member using the IRS Tax Receipt Form to request for BETF funding support. The process ends with (Point C) acceptance of request or (Point D) declination of request.
nvesting in Rural Prosperity: A Vision for the Future of Rural Developmentnado-web
Recent and projected demographic and economic transitions present both challenges and opportunities for rural communities. Whether rural communities and the people who call them home will thrive in the future depends in part on the approach that community leaders take to supporting workers, businesses, and families. An increasing body of evidence indicates that creating a strong sense of place, good quality of life, and inclusive access to opportunity may be deciding factors in whether a community will flourish or struggle over the long-term. Come to this session to hear from national thought leaders and on-the-ground practitioners about what this means for the work of Regional Development Organizations, their stakeholders, and the policies that support their work.
Fluxos de Recursos da Ajuda Oficial ao Desenvolvimento Destinado ao Brasil e ...UNDP Policy Centre
Apresentação de José Eduardo Malta de Sá Brandão, Diretor Adjunto, Diretoria de Estudos e Relações Econômicas e Políticas Internacionais, Ipea, proferida no Seminário Cooperação Internacional: Financiamento para o Desenvolvimento, realizado em 12 e 13 de dezembro de 2018, em Brasília.
Pulse Surveys - Do They Make Sense - 23jul15TalentMap
More and more, employers say short quarterly, monthly, weekly or even daily polls—sometimes a single question at a time—provide data on how their teams actually feel and catch problems before they fester. Frequent surveys are even replacing annual employee surveys at some companies, but most top employers are starting to use both.
Much like the construction of broadband networks across municipality borders, community development efforts often rely upon collaborations between multiple local governments and other organizations to produce the best outcomes. This session will focus on best practices for regional collaboration around broadband and community development. This session will also highlight a success story about reaching universal broadband coverage in Grayson County, Virginia.
This SOP describes how BDPA Education and Technology Foundation (BETF) will handle any requests for support (financially, voluntary or in-kind) of SITES programs initiated by BDPA at a local or national level.
The process begins with (Point A) BDPA chapter president or national BDPA executive committee member requesting BETF support or (Point B) BDPA chapter president or national BDPA executive committee member using the IRS Tax Receipt Form to request for BETF funding support. The process ends with (Point C) acceptance of request or (Point D) declination of request.
nvesting in Rural Prosperity: A Vision for the Future of Rural Developmentnado-web
Recent and projected demographic and economic transitions present both challenges and opportunities for rural communities. Whether rural communities and the people who call them home will thrive in the future depends in part on the approach that community leaders take to supporting workers, businesses, and families. An increasing body of evidence indicates that creating a strong sense of place, good quality of life, and inclusive access to opportunity may be deciding factors in whether a community will flourish or struggle over the long-term. Come to this session to hear from national thought leaders and on-the-ground practitioners about what this means for the work of Regional Development Organizations, their stakeholders, and the policies that support their work.
Fluxos de Recursos da Ajuda Oficial ao Desenvolvimento Destinado ao Brasil e ...UNDP Policy Centre
Apresentação de José Eduardo Malta de Sá Brandão, Diretor Adjunto, Diretoria de Estudos e Relações Econômicas e Políticas Internacionais, Ipea, proferida no Seminário Cooperação Internacional: Financiamento para o Desenvolvimento, realizado em 12 e 13 de dezembro de 2018, em Brasília.
Pulse Surveys - Do They Make Sense - 23jul15TalentMap
More and more, employers say short quarterly, monthly, weekly or even daily polls—sometimes a single question at a time—provide data on how their teams actually feel and catch problems before they fester. Frequent surveys are even replacing annual employee surveys at some companies, but most top employers are starting to use both.
CHILD FOUNDATION FINANCIAL STATEMENTS YeJinElias52
CHILD FOUNDATION
FINANCIAL STATEMENTS
Year Ended May 31, 2020
with
Independent Auditors’ Report
CHILD FOUNDATION
Table of Contents
Page
Independent Auditors’ Report 1
Financial Statements
Statement of Financial Position 3
Statement of Activities 4
Statement of Functional Expenses 5
Statement of Cash Flows 6
Notes to Financial Statements 7
- 1 -
Independent Auditors’ Report
The Board of Directors
Child Foundation
Report on the Financial Statements
We have audited the accompanying financial statements of Child Foundation (the Organization), which
comprise the statement of financial position as of May 31, 2020, and the related statements of activities,
functional expenses, and cash flows for the year then ended, and the related notes to the financial
statements.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes
the design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud or
error.
Auditors’ Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with auditing standards generally accepted in the United States of
America. Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditors’ judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation
and fair presentation of the financial statements in order to design audit procedures that are appropriate in
the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s
internal control. Accordingly, we express no such opinion. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of significant accounting estimates
made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.
- 2 -
Opinion
In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of Child Foundation as of May 31, 202 ...
Enabling Poor Rural People to Overcome Poverty Dr Lendy Spires
Agriculture can provide a robust pathway out of poverty, today and in the future, for many smallholder farmers and livestock producers. IFAD’s strategic framework for 2011-2015 is guiding our efforts towards realizing that future. IFAD prepared its fourth strategic framework in response to a global context characterized by persistent challenges and major changes. The challenges include massive rural poverty, and a high prevalence of food insecurity and hunger in some regions.
The changes include increasingly diverse rural livelihoods;
accelerating natural resource degradation and climate change;
growing economic importance of agriculture and rising demand for food, biofuels and other agricultural goods and services;
higher and more volatile food prices; and growing private-sector investment in agriculture.
As we move towards 2015, we continue to build on what we have learned about small-scale agriculture and rural poverty reduction in more than 30 years. At the programme and project level, this involves stepped-up efforts to:
• enhance environmental sustainability and resilience in small-scale agriculture
• promote win-win contractual arrangements to help small agricultural producers seize opportunities in agricultural value chains at lower risk
• support the development of technologies for sustainable intensification of small-scale agriculture
• increase the capacity of financial institutions to provide a broad range of inclusive services to poor rural people
• promote the capabilities of rural women and men, including young people
• capitalize on opportunities to use renewable energy sources, and promote low-cost technologies using local resources to provide energy. In terms of thematic engagement, IFAD continues to focus on:
• natural resources – land, water, energy and biodiversity .
• climate change adaptation
• improved agricultural technologies and effective production services
• a broad range of inclusive financial services
• integration of poor rural people within value chains
• rural enterprise development and non-farm employment opportunities
• technical and vocational skills development
• support to rural producers’ organizations.
Each of these areas addresses gender equality and social inclusion as cross-cutting themes, as well as household strategies to improve food security and nutrition. In delivering on strategic framework objectives, we continue to strive to improve quality and efficiency, strengthen our ability to work effectively with the private sector, step up our advocacy, and amplify the voices of poor rural women and men in decisions that affect their lives. IFAD Strategic Framework 2011-2015:
This presentation summarises the methodological issues that emerged from the testing of TrackFin's draft Guidance Document in the 3 countries (Brazil, Ghana and Morocco). The feedback received will contribute to refining and improving the Guidance Document. The presentation was made during the TrackFin Intercountry Workshop in Rabat on 28-29th September 2014.
How do you make sure your EDA project is both competitive and technically accurate? What makes a strong project versus a weak one, and what about the ones when the scope just doesn’t tell the story? Staff from the EDA Austin Regional office will discuss how they review project applications and what can make or break a project.
Webinar on "Delivering on the Promise of Microinsurance: Putting Clients First"Impact Insurance Facility
Despite massive growth of microinsurance coverage, millions of poor households lack access to good value products. What can we learn from the pioneers about their struggle to offer quality products in a viable way? What product types and designs provide the best value for the poor? How does client-orientation contribute to the insurer’s bottom line?
This webinar focused on the performance of microinsurance providers from India, South Africa, Kenya and Peru, and examined drivers of profitability as well as strategies that contributed to providing value for customers.
Introduction to the Post-2015 Development Agenda from the World Bank with spe...SDGsPlus
Special High-Level Meeting of the ECOSOC with Bretton Woods Institutions, the WTO and the United Nations Conference on Trade and Development
New York, USA
April 2013
Target audience:general public
the project is describing the important issues that i have learnt in the course financing for development basically focusing on women empowerment,climate change,health,peace for all,domestic resource mobilization which will generally help to improve financing for development for both developed and developing countries.finance for development is an approach to increase efforts in achieving the goals of the Millennium Development Goals through anew set of universal goals also known as the Sustainable Development Goals.
Target audience:general public
the project describing the important issues that i have learnt in the course financing for development basically focusing on women empowerment,climate change,health,peace for all,domestic resource mobilization which will generally help to improve financing for development for both developed and developing countries.finance for development is an approach to increase efforts in achieving the goals of the Millennium Development Goals through anew set of universal goals also known as the Sustainable Development Goals.
Target audience is the "general public",this project is generally talking about the important issues that i have learn t about the course fiance for development because i feel this are the most important issues that we need to pay special attention to, issues like women empowerment,respect for humanity,peace for all,climate change,improving on health.
Similar to Tracking Non-financial aid flows more effectively (20)
2. Aid Flows
Aid is an important piece of the economic growth block in many developing
countries
3. Financial V.S. Non Financial
There are two types of aid
Financial
Monetary grants
Debt relief
Concessional loans
Non- Financial (Technical Cooperation/ Technical Assistance)
Any assistance which strengthens the individual or organisational capacity through the
provision of expertise
the provision of training and related learning opportunities
The provision of equipment, vehicles , computer hard ware or software, and training
materials
4. Fragmented Aid Picture
The OECD database which captures financial aid data is very
comprehensive and is a great tool for researchers, analyst and policy
makers to monitor and analyses these flows and there impacts
But what about the OECD’s non financial aid flow database?
The categories are as follows:
Costs of donor experts
Experts
Other technical assistance
Donor personnel
Other technical assistance
Scholarships
Student costs; and
Free standing technical cooperation
5. Fragmented Aid Picture
Aid type
Memo: Cost of donor experts
included in projects (optional
reporting) .. .. .. .. .. .. .. -347.92 0.24 ..
4. Experts and other technical
assistance .. .. .. .. .. .. .. 7827.84 7638.4 5565.05
4.1 Donor personnel .. .. .. .. .. .. .. 2503.47 2825.52 ..
4.2 Other technical
assistance .. .. .. .. .. .. .. 5324.34 4700.96 ..
5. Scholarships and student
costs in donor countries .. .. .. .. .. .. .. 3726.48 3715.81 ..
5.1 Scholarships/training in
donor country .. .. .. .. .. .. .. 1437.29 1326.87 ..
5.2 Imputed student costs 1616.61 1861.72 2090.6 2273.19 2567.2 2300.37 2274.69 2289.17 2388.92 ..
6. Debt relief 8446.28 5218.77 23921.33 19229.54 9034 8979.89 1747.8 3938.52 4181.44 2955.69
6.1 Debt forgiveness and
debt rescheduling 9812.89 8010.9 26187.01 18955.34 9675.3 11084.75 1956.16 4161.48 6343.78 ..
a) ODA claims (for loans,
only capitalised interest) 3389.11 3228.57 4170.18 1782.02 1012.38 2865.52 464.19 849.95 2818.81 ..
b) OOF claims 5327.14 2491.14 13349.16 10560.43 5793.91 4730.75 1083.3 1942.19 3235.27 ..
c) Private claims 1096.64 2291.2 8667.64 6612.88 2869.02 3488.49 408.67 1369.24 289.69 ..
Memo: Grants for debt
service reduction 667.93 389.76 267.37 42.98 45.24 1765.71 17.2 10.12 293.97 ..
6.2 Other action on debt 216.47 131.55 165.41 1595.42 260.27 472.62 314.49 378.63 452.68 ..
a) Service payments to
third parties 7.96 0.53 0.45 33.78 6.93 178.48 22.48 110.77 141.86 ..
b) Debt conversion 27.73 79.07 139.53 35.13 111.99 197.24 65.28 81.18 132.29 ..
c) Debt buybacks .. .. .. 1435.72 3.01 .. 31.05 .. .. ..
d) Other 180.78 51.95 25.43 90.79 138.34 96.9 195.68 186.68 178.53 ..
6.3 Offsetting entry for debt
forgiveness (principal ODA
claim) -1583.08 -2923.68 -2431.09 -1321.22 -901.57 -2577.48 -522.85 -601.51 -2615.01 -277.71
2009
Donor All Donors, Total
Part 1 : Part I - Developing Countries
Fund flows Net Disbursements
Amount type Current Prices (USD millions)
Year 2003 2004 2005 2006 2007 2008 2010 2011 2012
8. Improving the effectiveness of
tracking non-financial aid flows
Economic Accounting can be used to cost and non financial aid
flows
Cost Categories Total Cost School Central Government Donor Organization
European Union
Public
Wages and salaries 195,000
Benefits 60,000
Overhead costs
23,500
Total Personnel
278,500
Course materials
55,000 50,000 5,000
Equipment 20,000
16,000 4,000
Deadweight loss from
taxation
5,000 5,000
Total program cost 358,500
9. Non financial aid flows: Too difficult
to Track?
The findings from this research paper seek to provide a basic analysis of
how non financial aid flows can be captured, monitored and analysed
The limitations of the paper are as follows:
In-depth analysis could not be carried out due to data limitations
Proxies were used for costings
Limited Analysis (covers 47 ministries, departments and no information was
received from the statutory boards)
Non-financial flows are underestimated
Donor responses to the collection matrix was omitted
More up to date data could have been used
The study only focused on analysing training programs which were funded
10. Results from the Barbados case
study
Barbados does not attract high levels of Official Development
Assistance (ODA) because we are classified as a high middle
income country
The sectors of national priority
Tourism
International Business
The Green Economy
The provision of high quality social services; and
Poverty reduction
11. Aid flows to Barbados
Barbados has received financial and non financial aid to assist in
the achievement of its national priorities
Barbados received approximately US$4.1 million in financial aid at
the end of 2010.
12. Aid Flows to Barbados
Total non financial aid flows were approximately US$1.4 million (this
figure was rounded up)
Approximately US$803,325 in non financial flows was received (in
the form of donations of photovoltaic systems, energy saving bulbs,
laptops etc)
Barbados received approximately US$577,707 (only represents
training flows and promotional activities received) over 2010-2012
50,000
100,000
150,000
200,000
250,000
300,000
350,000
2010
2011
2012
USD
Training and promotional activities flows received 2010 -2012
2010
2011
2012
13. Are non financial flows effectively
linked to Barbados’ National
Priorities?
14. Are non financial flows effectively
linked to Barbados’ National
Priorities?
Barbados received US$145,000 in promotional material and services
to assist in the roll out of a public awareness campaign to highlight
the advantages of renewable energy.
Non-financial aid flows to provide training in poverty reduction was
US$35,000
The donors provided US$11,520 in training for tourism policy and
planning
US$19,200 was targeted towards training in Renewable Energy
integration
15. Way Forward
A standardized accounting template needs to be developed and
used by both donor and recipient countries that would effectively
capture non financial aid flows.
Aid flow databases should be developed in all countries and made
available on the internet
The data collect from this template should be fed into the OECD global
database. The structure of the OECD non-financial aid flow database
may need to be changed .
Analysis on all TC programs must be carried out to see whether the
data validates or disproves the claims of the donor community
In- depth analysis of the effects of non financial flows on the economy
can be undertaken once a comprehensive dataset is developed
The data collected from the aid database should led to the
development of aid strategies that are more effective.
Greater ownership is needed by receiving countries
Note 1: According to the data collected from the Organisation for Economic Cooperation and Development OECD database Financial aid flows to developing countries was approximately $107.2 billion in 2006, but decreased out to reach $approximately $90 billion at the end of 2010.
Non financial flows to developing countries was approximately $348,000 in 2006 and reached $600,000 in 2011 and declined to $360,000 in 2012
Say this second: The non financial aid flow database is broken down into 8 categories
Say after free standing: Donors are not mandated to provide non financial aid flow data since it has been argued that non financial flows are too difficult to capture
The data on non financial aid flows is grossly understated
During the 2005, second High Level Forum on Aid Effectiveness in Paris; the global aid community developed a set of targets to track the commitments made to improving the effectiveness of aid. Only two indicators were established to track their non financial aid commitments; indicator 4 ( which says that 50% of technical cooperation flows are to be implemented through coordinated programs consistent with the national development strategies of receiving countries) and indicator 6 ( the reduction of the stock parallel project implementation units by two thirds).
The 2011 Monitoring Survey of the Paris Declaration on Aid Effectiveness reported that the commitments made under indicator 4 were surpassed. But with an uncomprehensive global non financial aid flow data base.. How can these claims be validated? With no comprehensive non-financial aid flow database established?
Say after table comes up: The above example shows a simple economic accounting framework which could be used to improve the effectiveness of tracking non financial aid flows. A school in a developing country is seeking to implement an educational program to improve the reading and comprehensive skills of its students. The principal and the board decide to seek assistance from a donor organisation to assist with the implementation of the program.
Say this first: All financial aid flow data was taken from the Congressional Research Service of the OECD aid flow database (which is on the OECD website)
57%- assist with implementation of bilateral commitments
27%- Humanitarian aid ( poverty reduction, HIV)
7%- Social Infrastructure ( build nurseries, clinics)
There is currently no system in place which captures the non financial aid flows into Barbados
The information for this study was captured through independent research from various government ministries/departments
Say after I put up bar chart: In 2010 we received approximately US$ 106,036; in 2011 we received approximately US$142,835 and in 2012 flows reached US$328,836.
On the surface, the data shows that non financial flows were effectively linked to the country’s economic and social development priorities which appears to validate the claim, the donor community made in concerning their achievement of indicator 4 of the Paris Declaration on Aid Effectiveness.
Put in the actual name: http://www.uq.edu.au/study/archive/fees is what was used for the proxies
These funds could have been used more efficiently to build or expand Barbados’ priority sectors. Some of the money spent on the campaign could have gone to provide scholarships or fellowships for people to be trained in the manufacturing, installation repair and maintenance of renewable energy systems.
So can we truly validate the claims made by the donor community?????
Some funds from could have been transferred from poverty reduction to providing a grant proposal writing workshop for the tourism players which could have led to the attraction of more grant resources for them to improve on their tourism product…
The OECD database for non financial flows may need to be restructured to adequately capture and demonstrate the information being provided from both donor and recipient countries
