Frequently asked questions about grant activities of the Foundation.

How to fill out an application

 1. Would it be possible to change the budget of the project after affirmation of application and signing of the Agreement?

Response: In case that a necessity arose to transfer funds between the articles inside the affirmed budget, it is necessary to fill out a request in written form to the name of the FSK Program, demonstrating the sum of budget modification, types of expenses, which are subject to change, and explanation of their emergence. (Attachment: Letter of request for modifcation of Grant Agreement).

2. Is it necessary to calculate all taxes (social taxes, income tax) during the composition of the budget in the article «Salary»?

Response: Filling out expenses in the framework of the  grant financing must correspond to the accounting operation requirements, established in KR. During composition of the budget article «Salary» it is necessary to use «Manual for registration of the payees, payment and accounting of insurance contributions to the mandatory state social insurance and tax code of the KR Part 3 «Income tax on physical persons» (Article.76, Article. 84, Article. 89 Chapter 14).

 Financing the grant

1. In what currency financing of the grant is made?

 Response: Financing of the grant project is made in soms using current bank rate on the day of money transfer by the Foundation.

2. What form of financing is accepted for payment with grant receivers?

Response: FSK uses non-cash form of payment with grant receivers. Grant payments with organizations are conducted as money transfer on their bank accounts, given in the Agreement on issue and use of the grant (if the special procedure is not defined for the  programs, through which the grant issued), payments of accounts provide by the Grant receiver for goods and services necessary for implementation of the Project, and transfer of good and material valuables to the Grant receiver based on the Act..

3. Does «Soros-Kyrgyzstan» Foundation pay for the services of the bank?

Response: Services of the bank are paid from the grant money issued to the grant receiver. In financial report they must be reflected in the article «Administrative and other direct expenses».

4. Is it possible to pay expenses of one grant project with the funds of the other grant project?

Response: According to the "Conditions and requirements of the FSK grant", financing of one grant project may not be made with the funds of the other project.

5. Is it necessary to open a separate account for financing of the FSK grant?

Response: Organizations must not open a special accounts in the bank and a separate accounting book for the accounting of grant money movement (See "Conditions and requirements of the FSK grant  use").

Financial Reporting

1. Is it permitted to purchase equipment, office goods, and other materials, necessary for the project on the market (bazar)?

Response: During the purchase of equipment the Rules of purchase and use of equipment, provided in the Conditions and requirements of FSK grant use, must be followed. (see "Conditions and requirements of the FSK grant use").

Office goods and other materials, necessary for the project, may be purchased on the bazar only in the case that the necessary materials are not present at the store. During the purchase of the goods on the market it is necessary to provide for the record «Purchase act», in which the following points must be completed: stamp of bazarcom, copy of the seller patent or the patent number, term of patent activity with the indication of regional tax inspection division, which issued the document. The lines that are required to be completed are: Money paid, Money received, Sum in cursive.

Note: it is necessary to complete Write off Act on all goods and expendable materials

2. Which exchange rate to accept for making project expenditures?

Response: Spending grant funds shall be in Som, but at that the rate on the day of transfer of funds by the Foundation must be used for financial reporting.

3. In which amount must daily subsistence allowances be paid?

Response: daily subsistence allowances shall be paid based on the amount, approved in the grant budget of the project. Also you should be guided by the Resolution of the Government of KR as of 12.10.2001 ¦ 635, defining the normatives of daily subsistence allowances. Amount, paid in excess of the normatives, indicated in the Resolution, must be added to the salary and shall be taxable with corresponding taxes.

4 Shall taxi costs be accepted for compensation?

Response: No. FSK does not accept expenditures done over the normatives, approved by FSK (travel costs).

5 In which currency must  calculations of salary be done?

Response: All settlements must be done in the national currency, i.e. in Som.