Mercy Corps

Jerusalem, West Bank and Gaza

Financial Statements

As of June 30, 2012 and 2011

Together With Independent Auditors’ Report

El Wafa Company For Financial Consulting & Accounting Services

Correspondents of the International Firm

"MAZARS"

Abu Shosheh bldg. , - ~ st floor, Opposite of Arab Bank AI Balad Branch, Ramallah P.O.Box: 2056 Aamallah Tel: (+970 2) 2966210/1 Fax: (+970 2) 2966212 E-mail : musawafa@ palnet.com

Independent Auditors' Report

To: Mercy Corps- Jerusalem, West Bank and Gaza Jerusalem

We have audited the accompanying financial statements of Mercy Corps- Jerusalem, West Bank and Gaza (MC-JWBG), which comprise the statement of financial position as at June 30, 2012, and the statement of activities and cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory notes.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with International Financial Reporting Standards and Financial Accounting Standards No. 116 and 117 issued by the Financial Accounting Standards Board in the United States of America. This responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.

Auditors' Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to MC-JWBG's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of MC-JWBG's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

El Wafa Company For Financial Consulting & Accounting Services

Correspondents of the International Firm

"MAZARS"

Opinion

Abu Shosheh bldg., - ~ st fl~or, Opposite of Arab Bank AI Salad Branch, Ramallah P.O.Box: 2056 Ramallah Tel: (+970 2) 2966210/1 Fax: (+970 2) 2966212 E-mail: musawafa@ palnet.com

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Mercy Corps- Jerusalem, West Bank and Gaza as of June 30, 2012, and its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards and Financial Accounting Standards No. 116 and 117 issued by the Financial Accounting Standards Board in the United States of America.

ElW~mpany

M~Dieh Ramallah, Palestine March 27, 2013

Mercy Corps Jerusalem, West Bank and Gaza

Statement of Financial Position As at June 30, 2012 and 2011

(Currency: USD)

Note 2012 2011 Assets Current Assets

Cash on Hand and at Banks 3 132,243 89,881 Employee Advances 4 100,000 3,572 Prepaid Expenses and Other Receivables 5 41,501 81,885

Total Current Assets 273,744 175,338 Total Assets 273,744 175,338

Liabilities and Net Assets Liabilities Current Liabilities

Accounts Payable 11,012 8,529 Accrued Expenses 6 40,873 182,969 Accrued Employee Benefits 7 75,269 73,488 Deferred Revenue - 2,737

Total Current Liabilities 127,154 267,723 Provision for Severance Pay 8 367,600 288,794 Interoffice Current Accounts 9 742,052 476,045

Total Liabilities 1,236,806 1,032,562 Net Assets

Net Assets 10 (963,062) (857,224) Total Net Assets (963,062) (857,224) Total Liabilities and Net Assets 273,744 175,338

The Accompanying Notes form an Integral Part of these Financial Statements

Mercy Corps

Jerusalem, West Bank and Gaza

Statement of Activities For the Years Ended June 30, 2012 and 2011

(Currency: USD)

2012 2011

Note Total Total

Revenues Program Revenues 11 9,379,058 7,173,713 Total Revenues 9,379,058 7,173,713

Expenses

Program Related Personnel 12, 13 2,853,227 2,259,583 Operating 12, 14 821,463 987,219 Capital Expenditure 12, 15 61,745 23,624 Program Activities 12, 16 5,642,623 3,903,287

Total Program 9,379,058 7,173,713 Core and Regional Related Personnel 13 38,182 69,611 Operating 14 30,998 46,904 Capital Expenditure 15 1,854 4,692 Program Activities 16 34,804 -

Total Core and Regional 105,838 121,207 Total Expenses 9,484,896 7,294,920

Change in Net Assets (105,838) (121,207) Net Assets, beginning of year (857,224) (736,017) Net Assets, end of year 10 (963,062) (857,224)

The Accompanying Notes Form an Integral Part of these Financial Statements

Mercy Corps

Jerusalem, West Bank and Gaza

Cash Flow Statement For the Years Ended June 30, 2012 and 2011

(Currency: USD)

2012 2011 Cash flow from Operating Activities

Change in Net Assets (105,838) (121,207) Adjustments to reconcile change in net assets to net cash flow

from operating activities

(Increase) Decrease in Employee Advances (96,428) 1,085 Decrease (Increase) in Prepaid Expenses and Other Receivables 40,384 (65,991) Increase in Accounts Payable 2,483 3,853 (Decrease) Increase in Accrued Expenses (142,096) 171,836 Increase in Accrued Employee Benefits 1,781 34,690 (Decrease) Increase in Deferred Revenue (2,737) 2,737 Increase in Provision for Severance Pay 78,806 152,701 Increase (Decrease) in Interoffice Current Accounts 266,007 (440,370)

Net cash provided by (used in) Operating Activities 42,362 (260,666) Net Increase (Decrease) in Cash on Hand and at Banks 42,362 (260,666) Cash on Hand and at Banks, beginning of year 89,881 350,547 Cash on Hand and at Banks, end of year 132,243 89,881

The Accompanying Notes Form an Integral Part of these Financial Statements

Mercy Corps

Jerusalem, West Bank and Gaza

Notes to the Financial Statements June 30, 2012 and 2011

(Currency: USD)

1. Mercy Corps - Jerusalem, West Bank and Gaza and its Activities Mercy Corps - Jerusalem, West Bank and Gaza (MC-JWBG) is a branch of Mercy Corps, a not-for-profit corporation incorporated under the laws of the state of Washington and located in Portland, Oregon, USA. MC-JWBG has been registered with the Ministry of Interior in Israel as a foreign organization as of September 13, 1990 under registration number 56-001-024-1. In addition, MC-JWBG has been registered with the Ministry of Interior of the Palestinian Authority as a foreign not-for-profit organization as of August 11, 2008 under registration number QR-0094-F. MC-JWBG is the executive branch, in Jerusalem, West Bank and Gaza (JWBG), of Mercy Corps-Portland and Mercy Corps-Scotland (the Head Offices). Funds designated to activities to be undertaken in JWBG by grant agreements signed between Mercy Corps-Portland or Mercy Corps-Scotland with third party donors are regularly received by MC-JWBG from the Head Offices to finance these activities. MC-JWBG do not directly enter into grant agreements with third party donors. In addition to donor funds restricted for JWBG activities, certain other funding is received from the Head Offices from internal private (unrestricted) sources to cover core and regional costs. MC-JWBG aims to help Palestinians work toward building a more peaceful future. MC-JWBG programs focus on providing humanitarian assistance, improved job and economic opportunities, and community mobilization for peaceful change and inclusion of vulnerable groups. These efforts are supported with the funding from various donors, including the United States Agency for International Development (USAID), the UK government, EU programs and private foundations. During fiscal year 2012, the main programs/grants implemented by MC-JWBG were: Programs implemented under Mercy Corps – Portland Grants:

Program/Grant title Donor Yalla Ma’na: Strengthening Technical Vocational Education and Training Program Institutions (USAID – TVET)

USAID through Save the Children

Gaza Emergency Project (GEP) Several Donors

Middle East Children’s Institute Afterschool Program (MECI – Afterschool)

Middle East Children’s Institute (MECI)

Global Citizens Corps (ROTA – GCC) Reach Out to Asia (ROTA)

1

Program/Grant title Donor Palestinian Community Assistance Program (USAID – PCAP)

USAID

Youth Enterprise Start-Up Initiative (SOH – YES) Source of Hope Foundation (SOH)

Arab Developer Network Initiative (Google – ADNI)

Google Foundation (Google)

Sports for Change (SOH - SFC) SOH

Impact through Technology (USAID – ITT) USAID

Programs implemented under Mercy Corps – Scotland Grants:

Program/Grant title Donor Investing in Peace II (EC – PFP II) European Commission (EC) Sports for Change (EC – SFC) European Commission (EC)

2. Summary of Significant Accounting Policies

The financial statements have been prepared under the historical cost convention. The significant accounting policies follow: - General

Grant agreements with donors are signed with Mercy Corps-Portland and Mercy Corps-Scotland (the Head Offices) and the underlying grant funds are transferred from donors to the Head Offices. Cash is transferred from the Head Offices to MC-JWBG on regular basis to finance its programs under signed grant agreements.

- Revenues

MC-JWBG recognizes revenues when program related expenses are incurred.

- Expenses

Expenses are recorded by MC-JWBG when incurred in accordance with the accrual basis of accounting. Core and Regional disbursements are made on behalf of and are financed by the Head Offices.

- Provision for Severance Pay

The provision for severance pay for MC-JWBG employees is calculated in conformity with local labor law in Palestine. The Provision is computed based on the average salary of the last three months for each employee multiplied by the number of employment years.

2

- Fixed Assets

Fixed assets are stated at cost and depreciated over their estimated useful lives using the straight-line method, at the following annual rates:

% Vehicles 33 Equipment 39

MC-JWBG capitalizes fixed assets with a unit value equal to or greater than USD 5,000 funded from Mercy Corps private funds (unrestricted funds). Fixed assets purchases with a unit value equal to or greater than USD 5,000 funded from restricted grant funds are not capitalized; rather, they are fully expensed and charged under the related program.

The cost of capitalized fixed assets includes all expenses that make it ready for use. Other expenses are calculated and capitalized only if these expenses increase the future economic benefits of these properties and equipment. All non-capital expenses are recorded in the Statement of Activities.

- Foreign Currency Translation

MC-JWBG maintains its records in United States Dollar (USD). MC-JWBG transactions during 2012 and 2011 are expressed or denominated in USD or New Israeli Shekel (NIS). Transactions in NIS are translated to USD using the same exchange rates used to make the internal bank transfers from USD to NIS. Monetary assets and liabilities denominated in NIS are translated to USD using exchange rates prevailing at the date of the Statement of Financial Position. Gains and losses arising from the translation are reflected in the statement of activities. Foreign currency exchange rates against USD at June 30, 2012 and 2011 were as follows:

2012 2011 One New Israeli Shekel (NIS) 0.255 0.297

3

3. Cash on Hand and at Banks Cash on hand and at banks comprise:

2012 2011 Cash on hand – Jerusalem and West Bank 193 870 Cash on hand – Gaza 93 430 Cash at bank in USD – Jerusalem and West Bank 29,354 32,282 Cash at bank in NIS – Jerusalem and West Bank 25,418 18,145 Cash at bank in USD – Gaza 35,013 25,139 Cash at bank in NIS – Gaza 42,172 13,015

132,243 89,881

4. Employee Advances

Mainly represent payroll advances paid to expatriate employees.

5. Prepaid Expenses and Other Receivables Prepaid expenses and other receivables comprise:

2012 2011 Prepaid rent 24,246 25,913 Prepaid employees medical allowance and health insurance 6,093

17,772

Prepaid professional services and IT support 4,871 4,237 Prepaid vehicle insurance 4,023 3,944 Refundable deposits 2,022 - Amounts due from employees 246 4,986 Amounts due from third parties - 23,862 Other - 1,171

41,501 81,885

6. Accrued Expenses

Accrued expenses comprise:

2012 2011 Professional fees 15,000 - Training and meeting 12,560 - Travel 10,749 16,623 Service contracts - 84,867 Materials and supplies - 50,635 Community mobilization - 13,818 Other 2,564 17,026

40,873 182,969

7. Accrued Employee Benefits

Represent the incurred 13th salary benefit for employees covering the months from January to June and payable at the end of December each year.

4

8. Provision for Severance Pay

Provision for severance pay at June 30, 2012 and 2011 and movement thereon during the year follow:

2012 2011 JWB Gaza Total Total Balance, beginning of year 38,769 250,025 288,794 136,093

Additions during the year 37,031 117,419 154,450 188,252 Payments during the year (43,115) (32,529) (75,644) (35,551)

Balance, end of year 32,685 334,915 367,600 288,794

Amounts due for future payment out of this provision are to be financed by Mercy Corps head offices in Portland and Scotland.

9. Interoffice Current Accounts

MC-JWBG receives cash transfers from its head offices in Portland (MC-Portland) and Scotland (MC-Scotland) to finance its activities. Cash transfers are credited to the related interoffice current account. Program-related expenses are debited to the related interoffice current account and recognized as revenue.

Purchases of fixed assets with a unit value equal to or greater than USD 5,000 funded from Mercy Corps private funds (unrestricted funds) are debited to the interoffice current account. Related depreciation expenses are charged to projects and credited to the interoffice account on regular basis.

Interoffice current account balances at June 30, 2012 and 2011 and movements thereon during the year follow:

2012 2011

Balance, beginning of year 476,045 916,415

Cash transferred – MC-Portland Grants (A) 9,516,523 5,446,215 Cash transferred – MC-Scotland Grants (B) 81,293 1,395,146

Total cash transfers 9,597,816 6,841,361

Revenue recognized – MC-Portland Grants (9,283,217) (4,761,360) Revenue recognized – MC-Scotland Grants (95,841) (2,362,654)

Total recognized revenue (Note 11) (9,379,058) (7,124,014)

Change in fixed assets, net (C) 58,452 (156,010) Payments made on behalf of MC-Portland (11,203) (141,583) Other interoffice transactions - 139,876

Balance, end of year 742,052 476,045

5

(A) During Fiscal Year 2012 and 2011, MC-JWBG received the following transfers from MC–Portland:

2012 2011 Date of Transfer Amount in

USD Date of Transfer Amount in

USD July 7, 2011 743,193 July 9, 2010 70,000 July 31, 2011 584,992 July 14, 2010 53,209 August 4, 2011 896,500 August 2, 2010 382,557 September 11, 2011 601,987 August 3, 2010 35,000 October 9, 2011 669,877 September 2, 2010 428,057 November 13, 2011 920,831 September 3, 2010 40,000 December 7, 2011 838,286 October 1, 2010 25,000 January 8, 2012 803,023 October 7, 2010 377,430 February 7, 2012 589,025 November 3, 2010 59,035 March 11, 2012 726,400 November 8, 2010 255,560 April 15, 2012 511,400 December 2, 2010 365,146 May 10, 2012 801,009 December 3, 2010 160,011 June 4, 2012 830,000 January 4, 2011 685,148 - - January 5, 2011 217,364 - - February 2, 2011 285,148 - - March 1, 2011 171,500 - - March 4, 2011 192,000 - - April 1, 2011 305,733 - - May 2, 2011 650,715 - - June 1, 2011 687,602

9,516,523 5,446,215

(B) During Fiscal Year 2012 and 2011, MC-JWBG received the following transfers from MC–Scotland:

2012 2011 Date of Transfer Amount in

USD Date of Transfer Amount in

USD September 11, 2011* 4,470 July 9, 2010 133,347 December 22, 2011 74,000 August 4, 2010 147,213 December 14, 2011* 2,823 September 10, 2010 204,567 - - October 1, 2010 120,111 - - November 2, 2010 274,743 - - December 6, 2010 190,000 - - January 11, 2011 65,494 - - March 3, 2011 193,506 - - March 31, 2011 66,165

81,293 1,395,146

*These amounts were transferred directly from the British Consulate to MC-JWBG.

6

(C) Components of fixed assets costs and related accumulated depreciation as of June 30, 2012 and movement thereon during the year follow:

Balance, Beginning

of year

Additions

Disposals Balance,

End of year Costs Vehicles 184,326 - - 184,326 Equipment - 5,147 - 5,147 184,326 5,147 - 189,473

Accumulated Depreciation Vehicles 28,316 61,609 - 89,925 Equipment - 1,990 - 1,990 28,316 63,599 - 91,915 Net Book Value 156,010 97,558

10. Net Assets

The negative net assets balance of USD 963,062 as at June 30, 2012 represents the cumulative core and regional expenses incurred by MC-JWBG and not charged to programs. These expenses are to be fully charged to and funded by the head office in Portland.

11. Program Revenues

Represent revenue recognized from programs including cost sharing provided by MC-JWBG local partners as follows: 2012 2011 JWB Gaza Total Total

Designated grant funds 2,188,051 7,191,007 9,379,058 7,124,014 Cost sharing - - - 49,699

2,188,051 7,191,007 9,379,058 7,173,713

7

12. Program Expenses

Program expenses during 2012 and 2011 include the following:

2012

2011 Mercy Corps – Portland Grants Mercy Corps – Scotland Grants

Total

Total USAID

TVET

GEP

MECI Afterschool

ROTA GCC

USAID PCAP

SOH YES

Google ADNI

SOH SFC

USAID ITT

EC PFP II

Other

Personnel

National Staff Salaries 17,249

884

170,287

36,117

1,751,392

6,897

16,091

-

71,236

9,017

11,247 2,090,417

1,553,834

Expat & HQ Staff Salaries -

-

-

-

-

-

-

-

-

-

- -

96,738 National Staff Benefits 7,139

460

7,519

4,775

226,397

1,385

2,258

-

16,254

1,511

2,058 269,756

179,635

Expat & HQ Staff Benefits -

-

-

-

-

-

-

-

-

-

- -

22,600 Severance Pay 1,079

79

9,836

2,697

125,212

629

1,354

-

7,718

880

2,769 152,253

158,059

Housing 716

24,188

1,802

5,202

234,567

7,522

6,266

9

4,703

14,599

306 299,880

219,646 Other 32

-

162

537

38,133

534

422

3

394

725

(21) 40,921

29,071

Total Personnel 26,215

25,611

189,606

49,328

2,375,701

16,967

26,391

12

100,305

26,732

16,359 2,853,227

2,259,583

Operating

Travel 738

165

8,691

8,684

72,886

4,592

4,435

4

2,682

3,326

4,787 110,990

220,661

Equipment Purchases & Maintainance 159

991

1,552

756

42,628

1,219

757

-

1,529

3,030

-

52,621

181,810

Vehicle Rent, Fuel & Maintainance 2,725

156

2,198

496

207,427

1,206

3,270

49

2,909

4,337

867

225,640

162,338

Office Rent & Maintainance 1,266

127

3,972

1,804

111,819

1,340

1,276

-

4,728

-

- 126,332

140,276 Communication & Printing 835

398

2,581

1,743

89,442

1,157

1,341

-

2,699

410

527 101,133

117,844

Office Supplies & Utilities 607

78

1,933

2,852

43,982

521

1,366

-

1,871

142

32 53,384

65,641 Professional Fees &

Consultancy 333

3,890

998

487

95,280

329

294

-

1,144

-

(364)

102,391

36,003 Advertising and Publicity -

-

-

-

16,033

559

57

-

83

252

242 17,226

32,213

Other 958

1,595

753

291

26,732

749

(75)

-

319

197

227 31,746

30,433 Total Operating 7,621

7,400

22,678

17,113

706,229

11,672

12,721

53

17,964

11,694

6,318 821,463

987,219

Capital Expenditure

Depreciation 493

(633)

2,191

224

48,457

1,724

2,493

-

3,473

3,140

183 61,745

23,624 Total Capital Expenditure 493

(633)

2,191

224

48,457

1,724

2,493

-

3,473

3,140

183 61,745

23,624

8

Continued… 2012

2011

Mercy Corps – Portland Grants Mercy Corps – Scotland Grants

Total

Total USAID

TVET

GEP

MECI Afterschool

ROTA GCC

USAID PCAP

SOH YES

Google ADNI

SOH SFC

USAID TPP

EC PFP II

Other

Program Activities

Cash Projects -

-

-

-

2,172,314

21,000

-

-

-

-

- 2,193,314

1,458,113

Materials & Supplies 131,967

(14,056)

34,913

-

712,018

-

-

-

22,700

-

- 887,542

844,016 Service Contracts 14,267

4,122

594

58,650

1,033,437

-

-

1,209

-

440

(12,069) 1,100,650

598,807

Beneficiaries Training and Meeting 56,052

7,144

4,170

21,112

479,821

23,812

48,282

2,097

12,089

16,367

6,994

677,940

587,783

Subgrants to Local Agencies -

-

-

-

-

-

-

83,584

-

-

19,683 103,267

260,856 Food Supplies - - 63,248 - 40,609 - - - - - - 103,857 70,684 Design, Monitoring &

Evaluation - - - - 15,142 - - - - - -

15,142 44,095 Transportation &

Distrubution of Program Materials & Supplies - - - - 556,841 - - - - - -

556,841 34,164 Construction Costs -

-

-

-

4,070

-

-

-

-

-

- 4,070

4,769

Total Program Activities 202,286

(2,790)

102,925

79,762

5,014,252

44,812

48,282

86,890

34,789

16,807

14,608 5,642,623

3,903,287 236,615 29,588 317,400 146,427 8,144,639 75,175 89,887 86,955 156,531 58,373 37,468 9,379,058 7,173,713

9

13. Personnel

The composition of personnel expenses by location follows: 2012 2011 Program Core and Regional JWB Gaza Total JWB Gaza Total Total Total National Staff Salaries 432,854 1,657,563 2,090,417 24,566 535 25,101 2,115,518 1,576,709 Expat & HQ Staff Salaries - - - - - - - 96,738 National Staff Benefits 68,798 200,958 269,756 4,450 - 4,450 274,206 186,099 Expat & HQ Staff Benefits - - - - - - - 22,602 Severance Pay 34,498 117,755 152,253 2,196 - 2,196 154,449 188,252 Housing 231,279 68,601 299,880 5,582 - 5,582 305,462 229,540 Other 32,714 8,207 40,921 174 679 853 41,774 29,254 800,143 2,053,084 2,853,227 36,968 1,214 38,182 2,891,409 2,329,194

14. Operating

The composition of operating expenses by location follows: 2012 2011 Program Core and Regional JWB Gaza Total JWB Gaza Total Total Total Travel 68,414 42,576 110,990 6,258 35 6,293 117,283 240,329 Equipment Purchases & Maintainance 17,238 35,383 52,621 610 - 610 53,231

182,555

Vehicle Rent, Fuel & Maintainance 43,606 182,034 225,640 1,907 - 1,907 227,547

168,649

Office Rent & Maintainance 56,606 69,726 126,332 4,846 - 4,846 131,178 148,711 Communication & Printing 40,441 60,692 101,133 2,783 57 2,840 103,973 123,871 Office Supplies & Utilities 22,600 30,784 53,384 1,927 - 1,927 55,311 69,068 Professional Fees & Consultancy 24,355

78,036 102,391 11,656 - 11,656 114,047

37,303

Advertising and Publicity 3,069 14,157 17,226 58 - 58 17,284 32,274 Other 9,818 21,928 31,746 820 41 861 32,607 31,363 286,147 535,316 821,463 30,865 133 30,998 852,461 1,034,123

10

15. Capital Expenditure

Capital expenditure represent equipment, furniture and vehicle purchases with a unit value equal to or greater than USD 5,000 funded from restricted grant funds and are fully charged under the related program. In addition, capital expenditure include depreciation expenses on fixed assets (above USD 5,000) purchased from Mercy Corps private fund (unrestricted funds), where depreciation expenses are charged and allocated to MC-JWBG programs. The composition of capital expenditure by location follows:

2012 2011 Program Core and Regional JWB Gaza Total JWB Gaza Total Total Total Depreciation 59,755 1,990 61,745 1,854 - 1,854 63,599 28,316 59,755 1,990 61,745 1,854 - 1,854 63,599 28,316

16. Program Activities

The composition of program activity expenses by location follows:

2012 2011 Program Core and Regional JWB Gaza Total JWB Gaza Total Total Total Cash Projects 21,000 2,172,314 2,193,314 - - - 2,193,314 1,458,113 Materials & Supplies 177,218 710,324 887,542 - - - 887,542 844,016 Service Contracts 65,044 1,035,606 1,100,650 31,204 - 31,204 1,131,854 598,807 Beneficiaries Training and Meeting 133,138 544,802 677,940 3,600 - 3,600 681,540

587,783

Subgrants to Local Agencies 67,293 35,974 103,267 - - - 103,267 260,856 Food Supplies 63,248 40,609 103,857 - - - 103,857 70,684 Design, Monitoring & Evaluation 287

14,855

15,142

- - - 15,142

44,095

Transportation & Distrubution of Program Materials & Supplies 514,777

42,064

556,841

- - - 556,841

34,164 Construction Costs - 4,070 4,070 - - - 4,070 4,769 1,042,005 4,600,618 5,642,623 34,804 - 34,804 5,677,427 3,903,287

11