AnnuAl peRfoRmAnCe plAn The Annual Performance Plan is indicative of the Goals, Objectives and Priorities for the Ifa Lethu Foundation as a whole. We are committed to good governance (King lll), transparency and measurement. Key Result Areas (KRA) % Weighting for KRA’s 14 ifA lethu AnnuAl RepoRt 2012/13 Key Performance Indicators (KPI) Objectives financial Project expense • to ensure all projects meet fi nancial requirements of funders by having bimonthly meetings to address Progress, deliverables, project budgets and concerns. operational expenses • adhere to operational budgets as approved by board. • Produce monthly management accounts for audit. 30 financial compliance • ensuring that fi nancial management complies with internationally acceptable accounting standards. • undertaking annual fi nancial audits through the services of an external audit company. • ensuring that monthly management accounts are always available for scrutiny, sustainability • utilise funding in a cost effective manner by accepting only service providers who offer competitive rates. • secure funding from new and current donors. • Keeping funders briefed regularly on developments and project progress. • Production of annual reports. projects 5 existing projects • conclude existing projects successfully as per deadlines and as per proposal criteria. • produce fi nal reports for completed projects. • holding of bi-monthly meetings of project staff to assess deliverables and concerns. 20 new Projects • embark on eight new projects in current fi nancial year, subject to fi nancial considerations like funding. • projects to adequately refl ect the three arms of ifa lethu work (outreach, advocacy and creative entrepreneurial development. • ensure all projects are aligned to project activity and board vision. • comply with all requirements, regulations and statutory provisions. • bi-monthly meetings.
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