Presentation on theme: "Funding Authorization and Certificate of Expenditures"— Presentation transcript:
1Funding Authorization and Certificate of Expenditures (FACE)
2Why FACE?To lower complexity of procedures for managing transfers of cash to Implementing PartnersTo reduce transaction costs for Implementing PartnersPoint 2 in answer. One system for all. This reduces the administrative burden on implementing partners.
3What does FACE do?Certifies expenditures and provides a basis for the disbursement of funds for the next periodServes as a request to spend, a verification of what was spent and an invoicePermits disbursements quarterly, not on a transaction basisSupports cash transfers, payments and reimbursements
4What does FACE do? (cont.) Requires no supporting documentation (e.g. invoices, receipts)Same format by all ExCom Agencies, all partnersCash disbursed, but not utilized - reprogrammed
5AWP & FACE: LinksFACE is aligned with the AWP and focuses on recording requests/expenditures at the activity level. These activities are specified in AWPIn general, the entity who signs AWP is the entity who signs FACE. This is where the level of “delegation” for signing the FACE is agreed by all parties
6How to use it?Request for funding using a FACE is accompanied by an itemized cost estimate based on individual agency guidelinesFACE is to be used forDirect Cash Transfer,ReimbursementDirect PaymentsThe normal disbursement cycle of FACE is quarterlyThe itemized list which accompanies the FACE is negotiated at the country level and depends on the nature of the activity