BDSC has been operating cash basis accounts system. The Executive Director is responsible for overall financial matters and he is also accountable to the Executive Committee. For keeping transparency BDSC maintains separate accounts. The accounts are maintained both at head office and field office. Monthly expenditure is submitted to the head office at the end of each month to justify and verify according to the stipulated budget. The payments are made with the approval of the Executive Director and with the recommendation of Program Coordinator/Manager. Internal auditor must be visit monthly basis different project/program and must submit visit report to ED on his/her field findings and will provide financial any incoherence or recommendations for the improvement of the program. ED accountable to the Executive Council, in this regards ED submit to EC meeting of internal audit field findings report for corrective measure.
Purchase committees are formed to purchase both at head office and in the field offices. BDSC invites quotations if the amount is above Tk. 20,000 and gives newspaper circular for above Tk. 200,000/-. BDSC also executes both internal and external audits. Executive Director/General Secretary as principal signatory and Treasurer or Chairman as Co-signatory maintain all the head office accounts of BDSC. The project accounts are also maintained by join signature of one principal signatory and any of the two co-signatories’ signatures.
BDSC has the provision of annual auditing in its accounts both project and head office by C.A firm affiliated/enlisted with the government department and submit its audit reports to all related concern.
BDSC fully practices the following policy for better governance, accountability and transparency.
- Human Resources
- Financial Management
- Procurement
- Gender
- Child Safeguarding
- Partnership
- 5-years strategic plan
- Emergency Preparedness Plan (EPP)