Cost recovery
Cost Recovery Insights Quiz
Test your knowledge about cost recovery at WaterAid with this engaging quiz! Learn more about our funding sources and project costs while assessing your understanding of these vital concepts.
Key Highlights:
- Understand the difference between restricted and unrestricted income
- Explore project delivery and support costs
- Learn how cost recovery supports our Global Strategy
The WaterAid Federation has two primary sources of income from its donors: Restricted and Unrestricted income
True
False
WaterAid uses our income to finance it's mission through paying for:
The work it does on the ground
The support functions and personnel needed to enable this work to happen
The work it does on the ground, the support functions and personnel needed to enable this work to happen, and the fundraising capacity needed to continue to generate this income in the future
Each federation Member’s individual business model stems from its own unique history, the opportunities available within their local market, and their position relative to other competitors.
True
False
Improving cost recovery on _____________, as members and as a federation working together, is fundamental to the delivery of our new Global Strategy. Fill in the blank.
Unrestricted income
Restricted income
When the full costs of delivering the project are not included in the project budget then there is a hidden subsidy from unrestricted funds.
True
False
Choose the term which best describes the definition:
The necessary and reasonable costs incurred in delivering a specific project.
Choose the term which best describes the definition:
The necessary and reasonable costs incurred to manage the organisation as a whole, provide oversight over all its activities and put into place the overarching policies, frameworks and systems that enable it to operate.
Choose the term which best describes the definition:
Costs which most donors will not accept in their budget. Donors generally exclude these from what they will allow in indirect cost recovery.
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