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Financial Management and more!

Financial Management and more!. Managing Opportunity Funds. Centralized : Brasil, Ecuador Decentralized : Colombia and Peru Venezuela and Guatemala 1 Advising Office Countries. FC Ecuador´s Financial Responsibilities. Reimbursement / Advances to Binational Center

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Financial Management and more!

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  1. Financial Management and more!

  2. ManagingOpportunityFunds • Centralized: Brasil, Ecuador • Decentralized: • Colombia and Peru • Venezuela and Guatemala • 1 Advising Office Countries

  3. FC Ecuador´sFinancialResponsibilities • Reimbursement/AdvancestoBinational Center • Directpaymentonbehalf of Opportunitystudents

  4. Reimbursements • REAC mustapproveallreimbursements • Reimbursementrequestshouldbe in written (letteror email) fromBinationalCenter´s Director orFinancial Manager • Anexcelfilewith expenses detailsshouldbeattached. • Scannedreceipts and invoicesshouldbeattached

  5. Reimbursements • Reimbursementswillbemadequarterly: January, April, July and October • Deadlinetosubmitreimbursementrequests: 20th of themonth prior tothereimbursement • Check – Bank of America (no wiretransfers) to BNC, notadvisororstudent

  6. Advances • OnlyuponREAC´srequest • Anexcelfilewithestimated expenses shouldbeincluded • GAP Scholarships (checktostudent)

  7. Directpayments • Testing: TOEFL, SAT, GRE, GMAT, etc • Additional Score Reports • Applicationfees • Deposits of Enrollment, Orientations and Housing • SEVIS fee • Airfare

  8. Directpayments • Testing • Check date availability • Keepdeadlines in mind • Username and passwords • Score recipients (4 included in price) • Checkallschoolcodes and includethem in request

  9. Directpayments • Applicationfees • Commonapplicationorother online • Checkrequirementstoaccess online and deadlines • Username and passwords • Specifyamount of applicationfee • Ifmailingapplication, a checkwillberequired (at least 21 days in advance) • Includeexactnames (institution and student) and amount; providemailinginformation

  10. Directpayments • Deadlines: January 1st • FC closedduringholidays • SubmityourrequestsbyDecember 14th • Youwillreceiveconfirmationthatpayment has beenmadeforyour records

  11. Questions? Maria Mercedes Salmon msalmon@fulbright.org.ec Maria.m.salmon@gmail.com

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