Building Trust
The Ethiopian Red Cross Society received its first unqualified external audit opinion in over fifteen years, then built the systems to keep it.
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Reserves and core cost recovery are the same conversation. The Centre calculates what the Society actually costs to run, then sets a reserves target the board can defend.
Calculates the National Society's core cost, the minimum annual cost of existing and meeting its statutory duties, from audited figures. It also sets the recovery rates needed to fund that cost, keeping the core cost recovery rate distinct from the Indirect Cost Recovery rate.