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ANNUAL FINANCIAL REPORT NGO 1 APRIL 2011 to 31 MARCH 2012 A. INCOME 1. Lump Sum Grant Provident Fund 2. 4 The level of LSG cumulative reserve i.e. S will be capped at 25 of the NGO s operating expenditure excluding PF expenditure for the year. 8 and Other Posts Total R respect of the fees and charges recognised for the purpose of subvention as set out in the LSG Manual. These are subvented service activities which are not included in LSG and are subject to their own procedures as set out in...
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