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| Financial Management Service Foundation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Introduction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Management Service Foundation (FMSF) is a development resource organization involved in the Financial Management, Legal Issues and Governance of Development Organizations in South Asia. FMSF believes that “accountability of development organizations is of paramount significance and strives for enhancing the same through its various initiatives and activities. Currently, FMSF is involved in financial monitoring of development projects, capacity building of Non- Government Organizations (NGOs) in the areas of financial management, legal regulations and governance related matters. FMSF conducts various research activities and provides consultancy services regarding legal and financial issues to a number of NGOs. Some of the other areas where FMSF renders its services are:
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| History & Background | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Financial Management Service Foundation (FMSF) is an offshoot of the Financial Management Service (FMS), a unit set up by the Evangelischer Entwicklungsdientst or EED (formerly known as Evangelischer Zentralstelle fuer Entwicklungsdienst or EZE) in the year 1995.FMS was established in India to ensure that partners in India, Bangladesh and Nepal were able to fulfill their obligations to EED and enhance their capacity in financial management reporting systems. During the year 1986, EED (then known as EZE) & ICCO (Inter Church Organisation for Development Cooperation) initiated a "Programme for Strengthening Accountability of NGOs in India", with a primary objective to strengthen the financial management and accountability of its supported partner organisations in India.The long-term aim of this "programme" was to improve the accountability and financial management of their supported partner organisations in India Subsequently EZE was also faced with the problem of not being able to close the files of various projects even after the project period was over as certain reporting requirements could not be complied with. Following two partner consultations in Chennai during the years 1993 and 1994, EZE decided to establish this service unit in the name of Financial Management Service of EZE. This initiative of EZE in more ways than one synchronized with the overall need of the voluntary sector in South Asia (India, Bangladesh, Nepal and Sri Lanka) to:
In the above scenario, FMS / FMSF was established and started functioning since 1st January, 1995 . During the initial years the functions of FMSF were oriented towards fulfillment of the requirements as per the mandate from the two partner consultations. From an EZE representative office, FMS became Financial Management Service Foundation (FMSF), in the year 2000. Financial
Management Service Foundation (FMSF) has since been involved in providing
support to NGOs in the Indian Subcontinent as well as overseas resource
agencies in the field of Monitoring, Financial Management, Legal
Regulations and Related Governance |
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| Vision and Mission | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Vision We
aspire for a reality in development co-operation where there will
be overall and wholistic accountability among all the constituencies |
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Mission FMSF is a resource organization which seeks to promote accountability in South Asia by
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| Core Areas on Intervention | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The three major core areas of FMSF’s activities are:
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| Board of Trustees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The Board leads the organization. It has the ultimate authority for directing the affairs of the organization and to ensure that the objective for which it has come is being achieved. Composition: FMSF has a highly multi-skilled Board of Trustees. EED, Germany is a permanent invitee to the Board.
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| Staff Team | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
TEAM FMSF has a multi-skilled and multi-faceted team with qualifications and experiences from diverse backgrounds. The Team comprises of Chartered Accountants, MBAs & MCAs who make valuable contributions to the functioning of the team as well as the organization. The expertise of the team lies in capacity building, training, legal issues, research and monitoring of projects.
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| Annual Reports | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Our Partnerships | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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