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Kultūras un SportaVeicināšanas Biedrība

Accountability

Financial transparency

How we intend to manage and report any money entrusted to us.

01

Accountability principles

  • Funds are used only for purposes consistent with the association's statutes.
  • Income and expenses are recorded accurately.
  • Decisions on spending are taken by those authorised to make them.
  • Financial information is shared openly once approved.
02

Budgeting and recordkeeping

Associations in Latvia keep accounts and submit annual reports in line with national requirements. Our records will be maintained accordingly.

03

Funding sources

No funding sources are listed at this time. Any grants, sponsorship or other support will be described here once confirmed.

04

Reports and documents

Annual reports and other financial documents will be published here once approved for publication. Public financial filings of Latvian associations may also be available through official state registers.

05

Conflicts of interest

Anyone involved in a financial decision is expected to declare any personal interest and to step back from that decision where appropriate.