Bank Information:

It follows the financial manual for operating bank accounts. The mother Bank Account is operated under the joint signatures of the Chairman, Secretary General/Finance Secretary of the organization on the basis of approved EC meeting resolution. The accounts are audited as per the rules of the Donor. Moreover, projectwise accounts are operated as per donor demand & approved by EC meeting resolution.

Financial Policy:

a. Financial Management and Audit: In order to maintain transparency in the financial system SKUS are in practice maintaining proper books of account and having proper control of its fund, cash in hand and at the Bank. For this purpose, a separate Bank Account is maintained for each project. The Chairman, the Secretary General and the Treasurer either of the two other signatories can withdraw fundsfrom the Bank. In such cases the signature of the chairman is mandatory.

b. Fund Control & Banking: Donors’ funds are deposited in a separate Bank Account for this purpose separate bank accounts are maintained against each donor.

Books of Accounts: Separate Bank and Cashbooks are maintained where all the transaction-related funds received from donors and expenses made for the operation of the said project are recorded.

c. Audit: SKUS has been transparently maintaining a standard accounts system. Accounts are audited in every financial year (July – June) by the government-approved chartered accounting firm.