Budget 2009 Dutch Foundation

For Anna Home the foundation used a rough budget of €25.000 in 2008. This was based on the necessary expenses, as estimated by the Mongolian foundation.
For the Rabbit School the foundation set no goals for 2008. The money received was immediately mad available to the school, both for running costs and for projects.
Therefore a comparison between the budgets of 2008 and 2009 can not be made.
BUDGET 2009

CLARIFICATION OF THE BUDGET OF 2009

Anna Home
The Dutch Foundation has set as its goal to cover the annual costs of the Mongolian Foundation. Plans are now being made to raise more funds in the country itself. In the financial account of 2009 we will give more information about this.
To keep the costs of money transfer as low as possible the Dutch Foundation sends a big amount to Mongolia two or three times a year. The cash flow therefore is not always parallel to the annual budget.
For the year 2009 the Mongolian Foundations budgets a higher amount than for 2008 €28.156 (as compared to € 23.669; basis: 1600 Tugrik = € 1).
The costs for salaries estimated by the Mongolian Foundation had to be increased in 2009 because of the difficult work. The salaries are still very moderate.
The budget for clothing was too tight; the children had cloths of too low quality that wear out too fast.
For the year 2009 not all is clear yet, for example the exchange rate of the Mongolian Tugrik fluctuates a lot and the inflation rate in 2008 was around 20%.
Based on the above the Dutch Foundation has set the goal to provide the Mongolian Foundation with € 28.000 for the annual costs of Anna Home in 2009.
For the continuity in the years to come sufficient reserves have to be formed. For the time being the monthly income in The Netherlands is not sufficient to cover all costs.
The house and the hashaa are owned by the Mongolian Foundation and is on their balance sheet. For larger maintenance expenses and investments it does however not have reserves.
The Dutch Foudation has set as its goal to form these reserves that will be held by them for the time being. The amount that was not spent in 2008 has been reserverd to cover the costs in 2009 and also for larger maintenance. For 2009 for these reserves small increased are budgetted.
Most probably the foundation will receive a gift in 2009 destined for the building of a training centre adjacent to Anna Home. The size of the donation nor the required expenses are known at this time and have therefore been set PM.
A donation to be received in 2009 has been promised as work to be done in kind. In the budget it has not been taken into account.
All donations will of course, now or later, be available for Anna Home. The continuity of the house and its 25 inhabitants form the basis for the foundation.
Rabbit School
For donations to be received in 2009 the foundations, does not set goals as it did not in 2008. The donations for the Rabbit School will be fully available for them.
A larger part of donations are expected for to be for the Vocational training project. This project is on the one hand difficult to finance and is on the other hand a spear head for a number of Dutch volunteers.
General
General costs and costs for the board do not have to be budgetted because the board members will pay them privately or will be paid from the interest to be received.
Establishment
This budget was established by the board of the foundation on February 10th 2009.