QUALIFICATIONS FOR CLUBS

Qualifications for club eligibility include —

• Sign and comply with club Memorandum of Understanding (MOU)
• Comply with Future Vision Grant Terms and Conditions
• Agree to record keeping of expenses and receipt retention requirements
• Proper grant oversight with committee of three club members
• Bank account solely for Rotary Foundation Global Grant funds
• Ensure funds used only for qualified expenses
• Attendance at Rotary Foundation Grant Management seminar

Requirements to maintain club qualification status —

• Adhere to terms of the club Memorandum of Understanding (MOU)
• Implement stewardship and grant manage-ment practices to prevent misuse of funds
• Appoint a club member/committee to manage club qualification
• Submit reports on timely basis

Club qualification checklist —

• What MOU requirements does club already implement?
• What requirements does club need to implement?
• What members would be good choices to help implement the club MOU?

QUALIFICATIONS FOR DISTRICT

• Sign and comply with Memorandum of Understanding.

• Comply with Future Vision Grant Terms and Conditions.

• Establish District Rotary Foundation Financial Management Plan.
  

• Agree to record keeping and receipt retention requirements.

• Establish committee oversight structure for grant. Audit and Oversight committee comprised of three Rotarians appointed by 2010-11 District Governor.

• Establish a bank account used only for Rotary Foundation Global Grant funds

• Ensure funds are used only for qualified expenses.

• Maintain complete accounting and financial records of all expenses and supporting documentation.

• Timely submission of grant reports at the conclusion of project completion and/or as requested.