Financial Accountability: Faithful Awareness

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Bangladesh Money - TakaTwo thousand years ago the apostle Paul knew the importance of financial accountability. He wrote, “We want to avoid any criticism of the way we administer this liberal gift. For we are taking pains to do what is right, not only in the eyes of the Lord but also in the eyes of man.” (2 Corinthians 8:20-21). Nowadays, we read shocking news about international corporations misappropriating funds; obviously it’s an on-going concern.

Paul had urged his readers to work faithfully as serving the Lord, not to work only when the boss was watching. He certainly was not trying to impress people; and yet, Paul’s goal in financial accountability was to do right “in the eyes of man.” We with AOB Bangladesh want to do that, too. We commit to steward well the Lord’s resources and your generous gifts. Read our plan which protects everyone involved and, we believe, honors you, our donors, and honors our infinitely gracious Provider.

National AdministratorsWe want the Bangladesh government to know that we operate our programs with integrity. We are a government-approved agency, so AOB’s program budgets are all submitted to Bangladesh’s Non-Government Organization Bureau. We then submit regular reports on spending, in accordance with our approved budgets.

We want the surrounding community to see our money managers’ conscientious efforts. All expenditures are paid by check. Purchases require three quotations (estimates) to insure that we are paying the best price. When we give major donations to partner-organizations, we request receipts and reports on use of the gift.

We want you, our financial partners, to trust us with your donations too. You want to know what checks and balances our organization has in place to protect us from fraud. Thus, based on the past year’s projects and the new year’s plans, each of AOB’s programs develops a budget. Through newsletters, AOB’s Facebook page, and this website, we report on current events and projects.

We want you to join us in praising God as a result. After all, our holy God demands fiduciary responsibility in handling cash. God, our Provider, wants us to work and manage His gifts well, for His Name’s sake.