Financial Information

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» Annual reports and financial statements

» Funding sources and donors

» Budget allocation and utilization

Diocesan Social Service Society Khammam (DSSSK) annual report shows the work we have done each financial year to deliver services and programs in the department. The reports provide:

» An overview of the achievements and policy directions

» The achievements and challenges faced delivering our programs and initiatives

» Details about finance, performance reporting, management and accountability.

       In keeping with nonprofit standards and best practices, the Society is pleased to provide access to its recent financial documents and audit results to interested donors and other partners.

          The three main types of financial statements are the Receipts and Payments Account, the income and Expenditure Account and Balance Sheet.  These three statements together show the assets and liabilities of a Society, revenues, and costs, as well as its cash flows from operating, investing and financing activities.

» Donations given by philanthropists or other gifts;

» Funds received from Aiding Agencies either Indian or Foreign, for the implementation of the Projects;

» Funds received from other sources;

» The money received from the local units at the village or town level which have undertaken and completed projects and which are refunding the loans advanced to them;

» The funds shall be spent only for the attainment of objects of the Society and no portion thereof shall be transferred or paid directly or indirectly to any of its members through any means.

Budget allocation is a plan that outlines how much money an organization can spend on a specific person, event, product or program.  It tells staff how much funding is available and expects them to adhere to the allocations.  Budget utilization is the process of using the planned activities to achieve the outcomes that are reported at the end of the implementation period.