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Transcript of BFMS
![Page 1: BFMS](https://reader036.fdocuments.us/reader036/viewer/2022082818/56812e33550346895d939972/html5/thumbnails/1.jpg)
BFMS
UNEP Training on Project Management and Administration
Processes
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BFMS
I. BFMS Services
II. Core Elements of Fund Management
III. Common Areas of Concern
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I. BFMS Services – Fund Management and more
SupportServices
Budget Accounts
Treasury
FundManagement
BFMS
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II. Core Elements of Fund Management
A. Project Management and Administration
B. Oversight Functions
C. Reporting
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II. Core Elements – A. Project Management + Administration
Project formulation – guidance, requirements, costing, etc
Project review and approval process – administrative requirements
Project implementation (administration and financial reporting)
Financial management• Internal projects – analysis, guidance, certification• External projects - analysis, guidance, monitoring,
reporting
Donor agreements – guidance on financial rules and design
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Recording and monitoring expenditure
Monitoring income
Creating of allotments in IMIS
Creating suballotments to outposted offices
Developing and clearing MOU’s
Preparing payments
Processing travel requests, advances and claims
Maintaining data on third parties
II. Core Elements – A. Project Management + Administration II
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II. Core Elements – B. Oversight Functions
Upholding Financial Regulations and Rules
Ensuring consistency - across projects, programmes and Divisions
Certifying functions
Monitoring financial progress
Financial reporting to donors
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II. Core Elements – C. Reporting
Project allotment / expenditure reports
Monthly divisional allotment reports
Obligations reports
Financial reporting to donors
Trust fund balance reports
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III. Common Areas of Concern
A. Role of PMO vs. FMO
B. Role of OAH vs. HQ
C. Costing – preparing a budget
D. Programme Support Costs, PSC
E. Memoranda of Understanding, MOU’s
F. Funds release to partners