AH Corofin FS Final Draft 1
03/07/2022
01:13
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7 Management, Resources and Communication
Governance of the CCDA The following section will examine how the CCDA will deliver its programme of work. The CCDA has solid leadership, focus, participation, skills, and commitment. However, it is useful to be reminded of what 'good practice' in governance looks like in this sector. The Governance Code for Community, Voluntary and Charitable Organisations (CVC Code), launched in 2012 has become the de-facto standard for excellent practice in corporate governance for non-profit organisations. https://www.governancecode.ie/ ˇ(Please cut and paste into your browser) The code establishes five principles of best practice:
1. Leadership 2. Exercising direction and control 3. Being transparent and accountable to the community and other stakeholders 4. Working effectively together as a team and with others 5. Behaving with integrity
Funding Opportunities The successful completion of any of the proposed projects depends on: • The CCDA consistently investing energy and leadership into the task which must be sustained over a long time. • Enthusiastic and participative partners such as the community, other community organisations, Galway County Council, Galway Rural Development Company, non-government agencies and others. • Availability of other funding that matches the projects. Funding can be categorised into several different types depending on the activity: • Capital - for equipment, buildings, construction works • Running costs - for current expenditure items • Staffing - to pay for staff to work for a community organisation • Training - to deliver training courses • R&D - to fund research, studies, need analysis, business cases, market research, and strategic or area plans • Programme costs - to fund activities and events
The level of grant aid can vary considerably depending on the availability of various grant schemes. The required rate for balance funding for the main European or Irish Government funding sources is currently 10% - 30%.
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