Financial Management Disclosure
Our Board, together with the Senior Management team, places a strong emphasis on the importance of good governance and internal control. Policies and procedures pertaining to the key areas, including fundraising, donations, budgeting, financial reporting, reserves policy, investments, receipting, procurement, payments, delegation of authority, and approval limits, have been documented in the Financial Manual. The Finance Sub-Committee conducts an annual review of the manual to ensure its relevance and proposes necessary changes to the Board for approval.
Currently, the Board has not designated any funds for a certain use. For restricted funds and their intended purpose, information is included in the Financial Statements. There is no planned timing of use of the restricted funds except for the Community Silver Trust Fund.
Fund-Raising Events in FY21 & FY22
Noted: No commercial fund-raisers were engaged for the following events
Fei Yue Family Service Centre
Date: 15 Jul 21 to 26 Sept 21
Online campaign @ Giving.sg
Date: 1 Sept 21 to 31 Oct 21
Online campaign @ Giving.sg
Date: 13 Jun 21 – 32 Jul 22
Online campaign @ Giving.sg
Fei Yue Community Services
Date: 10 May 21-6 Aug 21
Date: 3 Oct 21 – 5 Nov 21
Online campaign @ Giving.sg
Date: 24 Sept 22 – 4 Dec 22
Online campaign @ Giving.sg
Date: 17 Dec 22 - 31 Mar 23
Online campaign @ Giving.sg