Currently, there is interest in some countries in "privatizing" some functions - that is, shifting certain responsibilities (and the costs associated with them) to privately funded enterprises (NGOs) or directly to users.
But whether the extension effort is private or public, it is not uncommon for financial support to be provided from more than one source.
But regardless of how reports are produced and records maintained, they should be accurate and produced in a timely fashion so that staff can base their decisions on good information.
A number of acceptable computer software programmes are available to meet this accounting need.
A practical goal might be to have a resource commitment from the principal funding partner (the most dependable source of continuing funding) that will maintain the "core" or basic structure of the organization (e.g., selected staff salaries and other expenses).
Support for whatever is beyond the core might then come from the so-called softer resources or some combination of funding sources as described previously.The chapter also will address some of the major methods found to be most successful in resolving those problems.The major financial concerns of an extension organization can be described rather simply: Most of what can go wrong in an extension organization when it comes to money is covered by one or more of the above problems.Poor financial management, on the other hand, often accompanies and contributes to failure.This chapter focuses its attention on principles related to money matters.Obtaining financial resources Keeping track of financial resources Predicting organizational costs Maintaining a balance in how resources are to be used Decentralizing the decision-making process Using information to improve efficiency Using information to increase effectiveness Wasting resources Misappropriating resources Summary References Just as there are several organizational models for delivering extension services to the public, there are a number of ways to finance those services and to keep track of the money.Sound financial management may be fundamental to success.The function of management is to plan, organize, staff, lead, and control.Every one of these functions is influenced to a great degree by how much money there is. Leaders of extension organizations are accountable for the financial resources assigned.A specialist's message getting through to a farmer does not totally depend on how much money is spent on the process.However, organizations that are effective tend to know how their money is being spent. Leaders are responsible for acquiring and maintaining resources for their organization.