Most Fund balances are in general reasonably accurate (although the current balances don’t account from the latest round that were only paid out last month). The exception here is the Global Development Fund, which is still waiting on the accounting correction you mentioned to post, but I’ve just been informed that this has just been given over to the bookkeepers to action, so this should be resolved very soon.
I was asking about the end of November balances that were displayed throughout December. It sounds like those did not reflect grants instructed in November if I’m correctly understanding what you mean by “the current balances don’t account from the latest round that were only paid out last month”. Can you clarify the timing of when grants do get reflected in the fund balances? Do the fund balances get updated when the grants are recommended to CEA? Approved by CEA? Disbursed by CEA? When the payout reports are published? FWIW, I’d find it most helpful if they were updated when the payout reports are published, since that would make the information on the fund pages internally consistent.
Thanks for the update on the Global Development Fund!
Yeah, the Fund balances are updated when the entries for the grants are entered into our accounting system (typically at the time that the grants are paid out). Because it can take a while to source all the relevant information from recipients (bank details etc), this doesn’t always happen immediately. Unfortunately this means that there’s always going to be some potential for drift here, though (absent accounting corrections like that applicable to the Global Development Fund) this should resolve itself within ~ a month. The November balances included ~ half of the payments made from the Animal Welfare and Meta Funds from their respective November grant rounds.
Most Fund balances are in general reasonably accurate (although the current balances don’t account from the latest round that were only paid out last month). The exception here is the Global Development Fund, which is still waiting on the accounting correction you mentioned to post, but I’ve just been informed that this has just been given over to the bookkeepers to action, so this should be resolved very soon.
I was asking about the end of November balances that were displayed throughout December. It sounds like those did not reflect grants instructed in November if I’m correctly understanding what you mean by “the current balances don’t account from the latest round that were only paid out last month”. Can you clarify the timing of when grants do get reflected in the fund balances? Do the fund balances get updated when the grants are recommended to CEA? Approved by CEA? Disbursed by CEA? When the payout reports are published? FWIW, I’d find it most helpful if they were updated when the payout reports are published, since that would make the information on the fund pages internally consistent.
Thanks for the update on the Global Development Fund!
Yeah, the Fund balances are updated when the entries for the grants are entered into our accounting system (typically at the time that the grants are paid out). Because it can take a while to source all the relevant information from recipients (bank details etc), this doesn’t always happen immediately. Unfortunately this means that there’s always going to be some potential for drift here, though (absent accounting corrections like that applicable to the Global Development Fund) this should resolve itself within ~ a month. The November balances included ~ half of the payments made from the Animal Welfare and Meta Funds from their respective November grant rounds.
OK, thanks for explaining how this works!