Administration and Finance department

What we do

The purpose of the Foundation’s Administration department is to record, classify and summarise all of the Foundation’s financial data and then to communicate it to all the stakeholders in the Foundation.

The Administration department achieves this by:

classifying, forecasting and budget planning of current and future activities
establishing financial control systems as set out in the governance and control procedures
evaluating past performance and analysing and assessing actual results to improve management control for the future.

So that:

the Trustees of the Foundation are able to establish how effectively the management team is performing its stewardship function
the community knows how effectively the Foundation is achieving its goals
the employees of the Foundation are assured that the Foundation operates in a financially sustainable manner, so maintaining their jobs and being able to pay their salaries consistently on a long term basis
the Foundation’s employees’ welfare is maintained at a high level, in terms of employee benefits
the Foundation’s employees receive high quality training and are kept fully abreast of the latest technology needed by the Foundation’s business
donors know that their funding is being used for the purpose for which it was intended
the Foundation is environmentally responsible.

Budget information

Total budget by area for 2007 excluding income and donations

Budget 18 700 000 rand

Total gross budget by area for 2007 including income and donations

Budget 17 600 000 rand

Donations to the Palabora Foundation (1986 – 2006)

Palabora Foundation historical operating costs versus plan (1997 – 2007)