Circular 87: Expenditures for management of Children Relief Funds in Vietnam

Circular 87: Expenditures for management of Children Relief Funds in Vietnam (Internet image)

Circular 87/2008/TT-BTC stipulates the expenditures for management of Children Relief Funds in Vietnam as follows:

A fund may deduct 10% at most of its total annual revenue (excluding those spent for supports with designated addresses, assistance in kind and state budget supports) for fund management. Based on annual revenues, the Minister of Labor, War Invalids and Social Affairs (for the National Fund for Vietnamese Children) and directors of provincial-level Services of Labor, War Invalids and Social Affairs (for provincial/municipal Children Relief Funds) shall decide on levels of expenditure for fund management, suitable to the situation of fund operation.

Contents and levels of fund management expenditures:

- Regular and irregular expenditures comply with current regulations on spending contents applicable to public non-business units.

- Expenditures on particular operations of the Funds, including:

• Expenditures on public information for mobilization of donations.

• Expenditures on activities related to the receipt, transportation and distribution of donated money and commodities to beneficiaries (storehouse and yard rents; expenses for packaging and transportation of goods; money transfer expenses, other expenses);

• Expenditures on survey, project formulation and examination, monitoring as well as evaluation of the implementation of support programs and projects for children.

• Expenditures on commendation of and rewards to units, organizations and individuals recording achievements in the mobilization of financial assistance and support for the operation of Children Relief Funds.

• Other peculiar expenditures related to Funds' operations.

- The spending levels comply with current regulations and norms set by the State for public non-business units and the Regulation on internal expenditures of Children Relief Funds

- Children Relief Funds may apply financial autonomy mechanisms with regard to their management funding according to current regulations on financial regimes applicable to public non-business units.

More details can be found in Circular 87/2008/TT-BTC, which comes into force from November 7, 2008.

Ngoc Tai

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