The financial management of each programme is done within the framework of the BADISA policy and applicable statutory provisions. Each programme compiles an annual budget to be submitted to the management board of BADISA, and keeps a set of accounting records in terms of the BADISA policy, which is audited on an annual basis by an auditor appointed by BADISA.

BADISA is paid an administrative fee by the programmes which are to be used for the partial funding of the management services. The management board approves the fee annually.

Sources of income for the programmes are service fees (including boarding), contributions by congregations, state subsidies, sponsorships, fund-raising projects. The programmes may collect funds and maintain provident funds.
Programmes may not conclude loans, alienate fixed property or arrange overdraft facilities without the permission of the management board.

Theron Du Plessis is the independent auditors of BADISA.

Statements attached. 

Click here to download the BADISA Saamgestelde Jaarstate 2010/2011

Click here to download the BADISA Financial Statements 2009/2010

Asset management

The collaborating churches have agreed not to transfer the fixed property (land and buildings) to BADISA, but to lease it to BADISA for R1,00. BADISA is responsible for the insurance and maintenance of the buildings, and any improvements to be performed may only be effected with the pre-authorisation of the owner.

The churches have agreed to transfer the furniture, equipment and vehicles, as well as funds of programmes to BADISA. BADISA arranges a group insurance which includes the programmes. Each programme is responsible for the payment of the premiums, and also for its own asset replacement programme. The social work programmes form part of a fleet of motor-cars which is maintained. Programmes belonging to the fleet pay a fixed annual contribution to the fleet and cars are provided to these programmes.