Grants:IEG/Senior Citizens Write Wikipedia/Finances

Budget

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Below is your approved budget. Please use this table to keep track of actual funds spent for each line item and list the difference from the approved budget at the end of the grant period.

Expense Approved amount Actual funds spent Difference
Promotional materials 36800 CZK 18720.20 CZK -18079.80 CZK
Computer lab 55000 CZK 40106 CZK -14894 CZK
Project management 66000 CZK 99000 CZK +33000 CZK
Travel 1000 CZK 1953 CZK +953 CZK
Phone 1200 CZK 0 CZK -1200 CZK
Fees 0 CZK 165.45 CZK +165.45 CZK
Total 160000 CZK 159944.65 CZK -55.35 CZK

We have transparent bank accounts.

Request changes

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We understand that sometimes plans change. Please use this button to request approval for changes to your grant’s budget while your project is in progress. Any variation of 20% or more to any line item in your budget must be approved by staff here before you make the change (for projects with budgets of $15,000 or more, the accepted variance is 10%).

Budget change request

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Item Required amount Difference
Promotional materials 21000 CZK -15800 CZK
Computer lab 40000 CZK -15000 CZK
Project management 99000 CZK +33000 CZK
Travel 2000 CZK +1000 CZK
Phone 0 CZK -1200 CZK
Sum 162 000 CZK +2000 CZK*

* Note: We do not request +2000 CZK, we already have it due to more favorable exchange rate.

Rationale

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  • Currently we have sufficient number of participants and excellent media coverage so we can afford to spend less money to promiton materials.
  • Also we negotiated better rental prices for computer lab.
  • We request an extension of the project – and it also means more fundings for the project manager/lector/mentor.

Final account

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Incomes

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Item CZK ~EUR ~USD
IEG = 5850 EUR* 162311.24 ~6007.08 ~6665.76

*Note: Our original request was 160,000 CZK but we wanted that amount in euros to gain more favourable exchange rate. We received 5850 EUR (ca 160,000 CZK in spring 2014). Due to shift in Czech currency strength we finally had at our's disposal 162311.24 CZK (ca 6007.08 EUR or 6665.76 USD in winter 2016).

Expenses

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Percentages of expenses
 
Complete table of expenses
Item CZK ~EUR ~USD
Project management + lecturing 99000.00 ~3663.95 ~4065.71
Renting a computer lab 40106.00 ~1484.31 ~1647.06
Printing propagation leaflets and handouts for lectures 17040.20 ~630.65 ~699.80
Travel 1953.00 ~72.28 ~80.21
Facebook adverts 1680.00 ~62.18 ~68.99
Bank charges 165.45 ~6.12 ~6.79
Sum 159944.65 ~5919.49 ~6568.56

Balance

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Item CZK ~EUR ~USD
Incomes 162311.24 ~6007.08 ~6665.76
Expenses 159944.65 ~5919.49 ~6568.56
Balance 2366.59 ~87.59 ~97.19