Projects Committee Report

FINANCE & PROJECTS COMMITTEE  REPORT

Year Ended 29 February 2012

1.       Opening Remarks

1.1   Would like to acknowledge the Management Board, Sub committees, the council, the families represented and distinguished guests.

1.2   It is a great honour to be a member of this council.

2.       Committee Composition

2.1   The committee was formally established in May 2011

2.2   The following were the members:

2.2.1          Dumisani Mpabanga – Chairperson

2.2.2          Sibonginkosi Ndlovu –vice chairperson

2.2.3          Dumani Ndlovu – Secretary

2.2.4          Mpumelelo Ncube –vice secretary

2.2.5          Lindani Ncube – Committee Member

3.       Responsibilities according to (Mesu Constitution August 2011, section 11c) include in summary:

3.1   Responsible for formulation of all financial laws and policies.

3.2   Advice on financial related matters of the organization.

3.3   Responsible for the formulation of the audit function.

3.4   Responsible for research on any projects relevant to accomplishments of the organisational goal.

3.5   Acts as advisor to the board in relation to projects.

3.6   Assist the management board in preparation of the budgets.

4.       Goals for the year:

The major thrust of our focus is to identify potential projects for the organisation investments.

4.1   Implement the chicken project as per council`s resolution.

4.2    Other potential projects ie CSC cattle project, jumping castle and many more refer to the Finance and projects filed records.

4.3    Drafting and implementation of the Finance policies and procedure manual.

5.       Achievements

5.1   We managed to draft and finalise the Finance policies and Procedure manuals in November 2011.

5.2   We manage to purchase the jumping castle from South Africa as one of the potential project given our limited capital base.

5.3   We managed to visit CSC cattle ranches in Gwanda

5.4   We were effective in terms of projects selection as thorough research and costing was used for any potential project during the period under review.

5.5   We applied for the piece of land at Umguza district council at the advice of the management board.

5.6   All proposed projects were considered for research.

5.7   We had all four planned meetings during the period under review.

6.       Challenges

6.1   Limited capital base hindered implementation of huge potential projects.

6.2    Drafting of the policies created a divided attention.

6.3   Inconsistent attendance of meeting by some members of committee.

6.4    Uncertainty in the operating environment ie our economy with regards to politics.

7.       Recommendations

7.1    We need to market the jumping castle project by advertising to churches, pre- schools and to event planners.

7.2   We are looking forward to positive profits from the jumping castle project including other projects to be implemented. (see the projected flow of  funds statements).

7.3   All assets under the projects to be insured.

7.4   Vigorously follow up our application of a plot at Umguza district council.

7.5   Conduct a thorough research on all proposed potential projects.

8.       Conclusion

8.1   I would like to appreciate the members of the Finance and projects committee for their time and effort. God bless you gentlemen together with your families?

8.2    I would like to appeal to the incoming committee that they should realize that the Finance and projects committee is the back bone of MESU, and the board must give them support. Once more, may i appeal to the members of the council to submit any projects ideas to the committee.

8.3   Lastly ,  on behalf  of the Finance and projects committee, we  appreciate  the  wisdom, encouragement and support of the management board and the council.

 GOD RICHLY BLESS MESU.THANK YOU.