Overview of the Social Finance Fund: Boann Social Impact L.P. Conditionally Repayable Contributions Claim Process
The Social Finance Fund: Boann Social Impact L.P. Conditionally Repayable Contributions Claim Form is an official document issued by Employment and Social Development Canada (ESDC). It is designed for organizations or entities that have received funding under the Social Finance Fund to report and claim contributions related to their projects. This guide aims to clarify the purpose of this form, who should use it, and the key steps involved in the claim process.
Purpose and Scope of the Claim Form
The primary objective of this form is to facilitate the reporting of eligible project expenses and the repayment of contributions that are conditional, based on the project's compliance with funding agreements. It serves as a formal declaration of the expenditures incurred and the amounts managed under the project, ensuring transparency and accountability in the use of public funds.
This form is applicable exclusively to recipients of the Social Finance Fund who have entered into agreements involving conditionally repayable contributions. It is a critical component of the financial administration process, enabling ESDC to verify project expenditures and manage repayment obligations.
Key Sections and Information Required
Part 1: Claim Information
- Project Number: The unique identifier assigned to your project.
- Project Title: The official name of your project.
- Project Start and End Dates: The duration of your project, formatted as YYYY-MM-DD.
- Claim Period: The specific timeframe for which you are submitting expenses, from and to dates.
Part 2: Expenditures
- Investment Capital: Details of the principal investments made into the project, including funds from the Social Finance Intermediaries (SFI) and Social Purpose Organizations (SPO).
- Management Fees: Fees paid from the project's investment contributions.
- Total Expenses Managed: The sum of all eligible expenditures during the claim period, reflecting the total cash managed for the project.
Legal and Certification Obligations
By submitting this claim, the applicant certifies that all provided information is accurate and complies with the terms specified in the funding agreement. The declaration affirms that expenses are legitimate, and all relevant credits and conditions have been duly considered.
The information collected through this form is gathered under the authority of Employment and Social Development Canada and is protected by the Access to Information Act. It is used solely for the purpose of administering the funding and ensuring proper management of public resources.
Submitting the Claim and Next Steps
Once completed, the claim must be signed by an authorized representative and dated. The submission process involves providing the completed form to ESDC, which will review the details for compliance and accuracy. Upon approval, any applicable repayments or adjustments will be processed according to the terms of the funding agreement.
It is important for recipients to maintain detailed records of all project expenditures and supporting documentation, as these may be requested during the review process. Accurate reporting ensures transparency and facilitates the continued support of social impact initiatives under the Social Finance Fund.
Conclusion
This claim form is a key administrative tool for organizations benefiting from the Social Finance Fund. It helps ensure that the use of government funds aligns with the intended objectives and legal requirements. If you are involved in a project funded under this program, it is essential to understand the information required and to complete the form carefully to support ongoing compliance and successful project management.