Financial completions

At the end of a financial year or the end of a project, you need to close the books on it. This means that you must disburse the remaining funds, close your financial records, get them audited, and send a full report to your Chief Financial Officer or Board.

1. What do you need to do to signify financial completion? Audit? Acquittal document?
2. What do you need to do with donors?
3. Report events finalized in the reporting period
4. Compile a list of lessons learned on cost management. Include them in your report to your supervisor for application to other projects.
1. Was it effective?
2. Was the system effective?
3. What improvements would you recommend for next time?

Your review may include evaluations of:

1. cost management
2. major milestones, for example phases and sub-contracts
3. delivery of major deliverables
4. change of key personnel
5. new kinds of risks identified in this kind of project, and
6. finalization of project and other milestones.