Financial aid can be general aid, specified aid or project aid. The general aid is meant for financing the basic operation of the association. General aid is mainly applied for from the municipality in which the association operates. There are different kinds of procedures in different municipalities as far as granting financial aid is concerned.

 

Specified aid and project aids are granted for organising a certain specific project or event. One must include a clear and detailed plan of the project in the application. Often the project aid will not cover all the expenses of the project but the association has to attain part of the funding.

 

Financial aid can only be used for the purpose which it has been granted for. The spending of the funds must be accounted for, so the receipts must be stored carefully. You can get information on how long the receipts must be saved from the source of the financial aid. Some financers may come to check how and what for the money is used. In addition, you often have to write a detailed report on the project to the source of the granted financial aid. Managing the financial affair of big projects requires a lot of work and utmost care. 

 

”An association can not work if there are no ideas and active people to realize them. You must report on the projects diligently, and it can be a bit difficult, if you have not done that before. I had to personally write a report to the financers, and it was a tiresome job. One has to be careful with the paperwork . Especially the applications and reports have to be precise and credible. But everything is possible!”