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The Workplan of the Working Group on Financing

Chairperson:
Susan Lewis
President
United Way Winnipeg
Resource Person:
Deborah Pike, Secretariat Officer

Until a few years ago, voluntary sector "capacity" really meant "funding". But, as examined in Working Together, the issue is much bigger than funding alone. Financial capacity includes how well financial resources from all sources are mobilized for and within the sector. The issue of financing is often strongly raised within the voluntary sector as a key issue relating to the ability of organizations to be sustainable and responsive in attaining their missions.

Because there is not a Joint Table on Financing at this time, recommendations on enhancing financial capacity of the sector are being examined using several different mechanisms:

  • The Working Group on Financing is working independently within the sector to address issues affecting the stability and sustainability of voluntary sector organizations, and present perspectives on federal funding to Ministers and to the sector.

  • Some issues, identified in Working Together, are being examined under the Capacity Joint Table: understanding the sources and mechanisms of funding, and their impact on sector organizations' stability and sustainability. Financial management capacity and accountability, addressing an organization's ability to raise money and manage its resources.

  • Working Together also recommended a task force to examine the current federal funding situation, and recommend government-wide funding principles and guidelines that would allow the sector to better mobilize and manage its resources. These recommendations are being developed by the Treasury Board Secretariat (TBS) Federal Funding Study, with input and collaboration from the Working Group on Financing.

In time, we hope to work jointly with the Federal Government to more fully address these issues. The Working Group on Financing (WGF) is a sector-only group within the VSI whose mandate is to:

    Examine the broad question of how the voluntary sector is financed, identify issues of concern and develop strategies to enhance capacity, efficiencies, and long-term sustainability.

In order to address how the sector accesses and manages financial resources from all sources, the working group will divide its work as follows:

  • They will work within the voluntary sector to explore issues and concerns of unique interest to the sector and independently present perspectives on federal funding to Ministers and to the sector.

  • They will partner with the Capacity Joint Table, to form the sub-committee on financing, and will explore the broad question of how the sector is financed.

  • They will serve as a reference group to the Treasury Board Secretariat (TBS) Federal Funding Study

In the course of this work on how the sector is financed, the group will monitor the issue of who receives funding, for research and referral at a later time.

DEFINITION
Financial capacity is the ability of voluntary sector organizations to access and manage the financial resources they need to attain their mission and accomplish their goals in a way that is accountable to relevant stakeholders.
A. THE WGF WILL WORK WITHIN THE VOLUNTARY SECTOR TO EXPLORE ISSUES AND CONCERNS OF UNIQUE INTEREST TO THE SECTOR AND INDEPENDENTLY PRESENT PERSPECTIVES ON FEDERAL FUNDING TO MINISTERS AND THE SECTOR.
OUTCOMES:
  • enhanced financial sustainability of VSOs

  • increased capacity of VS to participate in federal funding policy development

  • improved understanding by VSOs of federal government funding practices and procedures, and policy development processes

KEY DELIVERABLES

  1. Recommendations on best practices, alternate funding models, and support vehicles

  2. Tools/resources on federal government funding policy development for use by VSOs and the Voluntary Sector

  3. Recommendations to Ministers on issues of concern / solutions

  4. Recommendations to Ministers for future capacity building mechanisms

  5. Recommendations to Ministers on approach for joint work

Linkages:

  • Capacity Joint Table, Policy Sub-Committee, NSVO
  • Regulatory Joint Table
  • IM/IT Joint Table
  • TBS Federal Funding Study
B. THE WGF WILL PARTNER WITH THE CAPACITY JOINT TABLE, TO FORM THE SUB-COMMITTEE ON FINANCING, AND WILL EXPLORE THE BROAD QUESTION OF HOW THE SECTOR IS FINANCED.
OBJECTIVES
  1. To examine how the sector is presently financed (sources, mechanisms, trends) and explore alternative models and mechanisms

  2. To develop strategies and/or resources to enhance capacity in relation to long-term financial sustainability and stability

  3. To identify and/or develop effective tools to enhance financial management and accountability.

KEY DELIVERABLES

  1. Plan of Action for priority work areas based on identified issues affecting financial sustainability

  2. Strategic investment strategy and recommendations for implementation arising from plan of action

  3. Recommendations on sources and mechanisms of funding by sub-sector and their impact on sustainability

  4. Recommendations on effective financial management tools and resources

Linkages:

  • TBS Federal Funding Study
  • Regulatory Joint Table
  • IM/IT Joint Table
  • NSVO
C. THE WGF WILL SERVE AS A REFERENCE GROUP TO THE TREASURY BOARD SECRETARIAT (TBS) FEDERAL FUNDING STUDY
Please note: This is work being done by the Treasury Board Secretariat, with input from the Working Group on Financing OUTCOMES:
  • improved federal funding practices
  • new strategic funding relationship between federal government and Voluntary Sector

DELIVERABLES:

    1. Recommendations to Ministers on improvements to current practice and implementation of changes 2. Recommendations to Ministers on funding policy issues 3. Recommendations to Ministers on a strategic funding relationship with the Voluntary Sector

Collaborative Activities for the Working Group on Financing: (Nov 2001 - March 2002)

  1. Coordination of consultations across the country (Dec 2000 - Mar 2001, Summer and Fall 2001)

  2. Participation in consultations. (Dec 2000 - Mar 2001, June/July and Fall 2001)

  3. Development of strategies to address identified impediments/improve funding practices (to March 2002)

  4. Development of strategies/documents on funding policy issues (to March 2002)

Please note that work from other sections of this workplan will influence and inform the work above.

 

 

 
 
  
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Last Updated: 2019-08-21