Finance and Administration
 |
|
 |
|
| A freak storm caused substantial damage to the Secretariat (above) but now all is fixed and back to normal (below). | |
 |
|
MRC has continued its stringent budgeting rules and maintained a surplus in the Operating Expenses Budget. It is expected that in 2007 the accumulated reserve will be at its set target of US$ 500,000 providing MRC with a safety cushion of three months of funding of its basic services.
In May 2006 the MRCS headquarters building in Vientiane was seriously damaged by a storm but luckily without causing any personal harm. All operational activities were restored within three days and all damage has been repaired since.
FAS has continued its effort to increase transparency. The audit reports and briefing notes on income and expenditures have been made available to the general public via our website. All administrative manuals have been finalised and all staff have now at their disposal a comprehensive set of manuals covering all programme and administrative management issues.
2006 has been a busy year for FAS with much recruitment. The MRCS staff has grown by 12%. MRCS has continued to hire new staff in particular for the Flood Management and Mitigation Centre in Phnom Penh.
Choose a newsletter: