FCRA If an Organisation submits the Grant Financial report in Dec, to the grantor as no balance amt left and all money is utilised, BUT at the end of FY certain payment which was booked but not paid and that amt is left as unutilised and same has been reported in FC-4. Then how can this be sorted?
FC 4 Annual Return is for a financial year. If there is FC balance for a project at the end of financial year, please report as unutilised in that year and utilise in subsequent year which will make unutilised balance nil. Report nil unutilsied baalnce accordingly in FC 4 for subsequent year for that grant. This needs to be ensured otherwise your FC balance and bank balance will not match while preparing FC4. Have also clarified to Nethra separately.
CS Sharad Bhargava