...success of any chemical dependency counseling program. There are many problems that can surface in the financial sector of the organizations and can result in high costs for the organization. A contingency plan in place can reduce the harmful effects of the challenge that surfaces. The development of financial contingency plan is through strategic scenario planning and develops the actions to be employ only upon the occurrence of anticipated future events. A contingency plan will protect the chemical dependency program from unforeseen threats or events that could interrupt the success of the program. This requires the source of revenue to be readily available to the chemical dependency counseling program in prison. Public-Private Partners However, for any financial contingency plan to be successful there needs to be sources of revenue available. One source of revenue is the public-private partner. There are many forms of the public-private partner that can be put to use by the program. The Operations and Management model involves a public partner (federal, state, or local government agency or authority) who contracts with a private partner to provide or maintain a specific service (North, 2011). Through O&M, the public partner retains control over the chemical dependency program and retains management control. The next type of public-private partnership is the Operations, Maintenance, and Management. In this public-private partnership the public partner will retain...
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...Sources of Funding, Funding Raising & Disclosure Promoters and Pre-registration contracts • Who is a promoter? o Whaley Bridge Calico Printing v Green – court has recognised the term promoter as not a term of law but rather one of business. o Emma Silver Mining v Lewis & Son – see Twycross case – used in connection with companies involves the idea of exertion for the purpose of getting up and starting a company and also the idea of some duty towards the company. o Jubilee Cotton Mills v Lewis – professional people, such as lawyers, accountants and bankers, are often involved in carrying out professional services during the incorporation of the company. They are not regarded as promoters if they act purely in their professional capacity in the ordinary course of their profession. o Active promoters – Twycross v Grant Any person who is actively involved, either playing a minor or central role, in organising the formation of a company falls within the definition of promoter. Typical activities associated with promoters – Negotiation of preliminary agreements Preparation of company’s constitution Identifying prospective directors and shareholders Preparation of the company’s fundraising documents (e.g. an offer info statement or profile statement or prospectus) Raising capital, either before or after incorporation Payment of registration fees; and Registration f the company with ASIC. o Passive promoters – Tracey Mandalay Also extends to people...
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...MSc in Shipping Trade & Finance 2011/2012 Alternative Sources of raising capital in shipping corporations: Bridging the Funding Gap By Linos Alexandros Kogevinas 100021584 Supervisor: Dr. Giovanni Cespa Acknowledgments Having completed a rather long, but enjoyable year at Cass Business School , I feel obligated to thank a few people who helped me along the way. Firstly, I’d like to offer my most sincere thanks to my supervisor, Dr. Giovanni Cespa for accepting to supervise me and putting me on the right track with this dissertation. Following, I’d like to thank my family for their moral support throughout the year. Last but not least I’d like to thank the entirety of the staff at Cass who helped further my education throughout the year. To all of you, Thank you Abstract The goal of this thesis is to evaluate and present the main alternative sources of finance for shipping corporations in the scope of the post-2008 market downturn. By “alternative” the author refers to any source finance that is not vanilla financing i.e. bank debt. Lists of benefits and drawbacks for each alternative source will be presented for all parties of the transaction in question. This is done in order to present an evaluation that will facilitate the reader in understanding the value of each source as well as potential costs and risks. While there are numerous alternative sources that could be covered, the emphasis has fallen only on those that carry at least a...
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...Educational and Professional Development Unit – Form 603 Assignment Cover Sheet Student Name: Peter Navan Student Number: C00152237. I am a student as follows: Stage 3 Module title: Financial Management Assignment Question Answered: 1 Lecturer to correct this assignment: Dr. Philip Byrne Dates I attended module: 1st & 2nd May 2012. Date this assignment is due: 25.05.12 I hereby certify that the information contained in this (my submission) is information pertaining to research I conducted for this project. All information other than my own contribution will be fully referenced and listed in the relevant bibliography section at the rear of the project. ALL internet material must be referenced in the bibliography section. Students are encouraged to use the Harvard Referencing Standard. To use other author's written or electronic work is illegal (plagiarism) and may result in disciplinary action. Students may be required to undergo a viva (oral examination) if there is suspicion about the validity of submitted work. Signed: _________________________________ NOTE: 2 copies of form and 2 copies of the assignment to be submitted to: Irish Aviation Authority. For IAA use: Date stamped ( Logged onto IT System ( confirmation email sent to student ( I.A.A./I.T.C Degree Programme for Aviation, Transport and the Emergency Services Sector. Stage 3. 2011 - 2012 ...
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...overhead rates on sponsored projects, the salary pool, the benefit rate, capital requirements, and the endowment distribution. Central Allocation The colleges and major administrative units receive an annual allocation of funds to support their operating budgets. The allocation amount is incremented each year based on the assumptions and any other known factors. The initial allocation letter are sent to the units in the early fall. The units use the information contained in the allocation letter to build the budgets for the upcoming fiscal year. For most of the colleges, the majority of the allocated amount is used to support faculty salaries. In addition to the lump-sum allocation, the colleges also budget for additional revenue sources and expenses based on the specific activities of their organization. Following each financial review, the allocation letters are revised to accurately...
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...LUCKNOW: The Associated Chambers of Commerce and Industry of India (Assocham) has prepared a 15-point economic agenda for political parties to include in their poll manifesto for 2012 assembly elections. National secretary general, Assocham, D S Rawat said, "Food processing, automobiles, textiles, leather, cement, healthcare, pharmaceuticals, information technology, real estate and tourism are significant areas which can transform the state economy." He said that Assocham representatives would be meeting leaders of all political parties soon and request to include economic issues in their manifesto for achieving double digit growth during the next decade in UP. The report prepared by Assocham states that the promotion of public-private partnership in agriculture, industry and service sectors is of prime importance to create new jobs and promote economic activity in the state. Besides, cluster development approach can help spur employment in micro, small and medium enterprises. The report also states that embroidery, rice mills, powerloom, leather, glass, carpet, Banarsi sari, screen printing, food processing, readymade garments, jute, yarn/rope and zari can be developed on the cluster development model. Summary Over the past several years, party financing scandals have shaken countries in every region of the world. This has led to increased contempt for and public disillusionment with parties and politicians, and undermined the public confidence in the political process....
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...stakeholders when it comes to program planning and evaluation is the funding source. Often times the funding source has a specific set of requirements that the program and agency must meet in order to obtain or maintain funding. The program planning and evaluation process is greatly affected by this. The needs and expectations of the stakeholders influence program planning and evaluation because they must adhere to specific restrictions placed upon them by the IRS and other government agencies. The funding source usually wants to proposed program to have similar goals and objectives along with similar values. The program planning may be changed in order to line up with the values of the funding source. The Madison Children’s Hospital seeks to start a program which research is done to look into the issue of chronic illness in adolescents ages 8-21. The funding source for this program is the National Institute of Health Care. The National Institute of Health Care seeks to fund research to improve self-management and quality of life for children with chronic illness. The needs and expectations of the hospital are to address the concerns of a lack in self-management of chronic illness. The hospital is interested in researching the causes for the lack of self-management which is causing an increase in complications as well as a lack of school attendance. Some of the goals of the hospital are to be a leading source of research and development, educate the next generation of leaders...
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...A program, no matter what type of services it provides, needs a funding source in order to continue to provide its services. Funding serves as a fuel on which all programs/organizations run. A business can take different avenues to attain funding, and more than one option can be used. The Salvation Army receives funding for its programs through several avenues. Salvation Army seems to be most effective due to strong partnerships. The partners donate finances as well offer their services through volunteering. Most of the Salvation Army’s funding is through donations. The public is able to make donation. Faith –based government grants are also a source of funding for the Salvation Army. The rehabilitation program is the only Salvation Army program that does not receive funding through government grants. Most Salvation Army locations depend on the income from their thrift store to provide needed funds for the rehabilitation program. United Way is also a primary source of funding for the Salvation Army. A percentage of annual campaign proceeds are donated from United Way chapters. Local and regional campaigns also provide funding. Corporate foundations that financially support the Salvation Army are Nationwide, Wendy’s International, Rotary and Kiwanis, along with educational outlets and banking investors. The Salvation Army is an organization that is known for having a long history of service. This outstanding history allows the Salvation Army to experience a broad base of...
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...How To Prepare and Present a Successful Business Funding Request EVERY BUSINESS NEEDS CAPITAL Successful businesses are well planned and well capitalized. Being well capitalized means having the ability to access capital when your business needs it. Being well planned is the first step towards being well capitalized. The Cost of Capital I have watched many entrepreneurs lose valuable opportunities because they thought the cost of capital was too high. They spent too much time negotiating over the cost of the money, while their window of opportunity closed. The cost of capital should only be a consideration of the function of losses sustained by not having it. Simply put, if it costs you one dollar in order to make two, are you ahead or behind? What this book will do for you The objectives of this book are to help you • Analyze your market, the competition, and your financials, • Identify your strengths, weaknesses, and strategies, • Establish how much money you will need and when, • Determine the type of capital you will most likely qualify for, • Define what information you need to present to Lenders or Investors, • Package your request for your best chance of success, • Establish the format and flow of your presentation, • Direct you to the Funding Sources that offer exactly what you need, (If you don't know where to send your request, what is the point of all this?) Libraries and bookstores are full of financial "How To Books" and I highly recommend you read as many as...
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...stable source for their funding. This has then led to a change in structure of banks’ funding in Australia. This report will identify major components of banks’ funding with a concentrating on the change of banks’ funding composition. The report also include some predictions for the banks’ funding structure in the next two years under the assumption that the Reserve Bank of Australia has been successful in lowering interest rate to increase economic activities. II. Major components of banks’ funding: In general, there are five major components of banks’ funding including deposits, wholesale funding sources with short-term and long-term wholesale securities debt, equity and securitization. Deposits, in 2012, account for almost 54% of total banks’ funding. Wholesale funding, which comprise short-term and long-term wholesale debt, constitutes further 40% of bank funding. Long-term debt securities are those issued with the term to maturity of more than a year while short-term securities have term to maturity of less than 12 months. The long-term and short-term debt markets can be divided further into either domestic or offshore debt markets. Within domestic debt market, short-term securities debt is mainly money market securities and long-term securities debt is mainly bonds (Hunt, 2011, p. 43). Additionally, offshore debts, which can be either in foreign currency or in Australian dollar, are foreign liabilities raised overseas. Two others components of banks’ funding are equity...
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...Alternative Funding Ziada Meraz Program Planning and Grant Proposal Writing in Human Services HSM/270 Shelley Johnson Feb 15,2015 Alternative Funding Traditional funding through government agencies and corporations who donate to organizations and agencies is becoming harder and more competitive to attain; more organizations are relying on them when less money is available. The economic conditions are making it hard for more tradition funding methods to bring in enough revenue to match the amount of grants requested. More and more agencies are turning to non-traditional sources to generate the income they need to keep their programs operating. Even those sources are becoming more difficult to find, but with a little work and a lot of creative talent they can be found. The Santa Rosa Philharmonic Youth Symphony (SRPYS) is no different than other organizations that strive to provide a human service to a target population. In this case, the population is the youth of the Santa Rosa and surrounding areas that appreciate music and want to further their musical education. The local schools have lost funding for their music program and this organization wants to help pick up the deficit by offering a program to allow students to continue their education. The funding is all that is necessary since the agency already exists, has a facility, and has staffing which can work with students; the budget to run the additional program is the stalling point to the inception...
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...4. Basic Assumptions 5. Analysis * Covered Bonds and the Financial Crisis in Europe * Effect of Covered Bonds on Bank Margin * Covered Bond as a means of liquidity and funding base 6. Conclusion 7. References Question 1 Does offering covered bonds hold the answer to credit rationing (credit crunch) in a financial crisis or does it just offer banks the opportunity to increase their margin? Discuss critically. Introduction In the US, credit crisis of 2007-2008 demolished the securitized mortgage bonds and many of the participants left the market never to recommit themselves in the near future. This lead to an drop in securitized debt issuance where the banks began to hoard cash and reduce consumer lending leading. The US Treasury to take measures to revitalise the financial market to encourage investors to buy loan from banks book. They shifted their focus onto the European Financial Market System which managed to minimise the impact of the credit crunch through its well established covered bond program. Credit Crunch Credit crunch is explained as a period of increased non price credit rationing beyond that of typical recessions whereby credit has become less affordable or less available. Owens, Schreft and Stacey,( 1995). To banks, this will result in a funding liquidity risk as “the possibility that over a specific horizon the bank will become unable to settle obligations with immediacy” Drehmann and Nikolaou(2013). With raising uncertainty...
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...is Charlotte Mecklenburg Schools (CMS), the eighteenth largest in the United States. Regardless of its size CMS’s funding is derived just as all of the other smaller school districts throughout the state of North Carolina. There are multiple contributing sources of taxation to fund school districts; coupled with state financing and federal financing, CMS depends upon county and local municipality tax revenue to fund its schools. States possess the constitutional right of taxation, upon their residence, to fund government entities and school districts. There are multiple sources of taxation imposed by local, state and federal governments. The greatest source of funding is derived from real property taxes, levied by the local, city, and county governments. CMS enjoys a small amount of discretionary funding; in 2010-2011, 26% of CMS’s entire annual budget was provided by Mecklenburg County; 55 % was allocated from the state; 16 % came from the federal government; and 3% from miscellaneous and special revenue sources. Local county funding is derived from multiple resources, including real property tax and businesses, county sales taxes and fees. This paper will discuss the various sources of tax and funding received by CMS; how those monies are allotted; the effects of student achievement in relation to funding, and recommendations for improvement. Funding Sources As all school districts in North Carolina, CMS is dependently funded: The majority of the one billion dollar-plus...
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...Basel Committee on Banking Supervision Principles for Sound Liquidity Risk Management and Supervision September 2008 Requests for copies of publications, or for additions/changes to the mailing list, should be sent to: Bank for International Settlements Press & Communications CH-4002 Basel, Switzerland E-mail: publications@bis.org Fax: +41 61 280 9100 and +41 61 280 8100 © Bank for International Settlements 2008. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. ISBN print: 92-9131-767-5 ISBN web: 92-9197-767-5 Table of Contents Introduction ...............................................................................................................................1 Principles for the management and supervision of liquidity risk ...............................................3 Fundamental principle for the management and supervision of liquidity risk ...........................3 Governance of liquidity risk management.................................................................................3 Measurement and management of liquidity risk .......................................................................3 Public disclosure.......................................................................................................................4 The role of supervisors .............................................................................................................4 Fundamental principle for the management...
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...funds to cover the cost of unforeseen events such as accidents or natural disasters. The difficulties in obtaining these funds constitute one of the major challenges in running a business. The two major sources of business finance are internal and external funding. This paper examines the differences between internal and external sources of finance. It will also examine the advantages and disadvantages of each source. Internal sources of Finance Internal source of finance refers to funding generated within the business as opposed to financing obtained from outside sources. Internal funding can be obtained from retained earnings, sale of assets, depreciation, reduction or control of capital. Retained earnings: These are profits left over after a firm has settled its debts and paid out dividends to shareholders. The leftover funds can then be ploughed back into the business. The advantage of this method is that there is no borrowing cost associated with it. The firm has total control over the decision to use the funds and is not subjected to any vetting by lenders. The disadvantage of using retained profits as a source of funding is that the company may not have cash readily available in times of urgent need (Timimi, 2010). Sale of asset: The sale of assets is another source of internal financing. A business may choose to sell some of its assets to generate cash to finance its business needs. These assets could be in the form of patents, real estate, art work, equipment,...
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