Here is what the Ex SG says about the Budget:
DELAY IN PRESENTING THE WSB BUDGET
Quote from the BSA Letter
but it has not completed its 2007/2008 budget for at least three months into the current fiscal year
Quote from WSF board chairmans letter
Elementary rules of good governance are not followed by the WSC and the WSB... the WSC [World Scout Committee] at its September meeting accepted without comments that the 2007/2008 budget had not yet been presented...
...also the final audit report of the 2005/2006 accounts was not yet ready and approved at the September 2007 meeting...
The delay in the presentation of the budget has been due to the
introduction of a new Project Cycle Management approach that includes the use of new planning software. Both the staff and the Chairman of the Budget Committee have experienced some difficulties with the implementation of the new software and the presentation of its output. In addition, the budget for this year (2007-2008) was delayed due to the deployment of nearly all WSB staff resources to handle the World Scout Jamboree, the Centenary [the 100th anniversary of Scouting] activities.
We believe the delay has been a temporary and acceptable consequence
for transforming the WSBs planning approach to one with a 360-degree perspective on overall operations. For example, in the past our budget read like an oversimplified and narrow list of expenses, and now we have progressed to a budget plan for the WSB that is project oriented and outcome based.
This transformation creates a system that is more responsible with WOSM funds. However, to reap these rewards, the WSB has undergone a metamorphosis of our budgetary and financial expenditure practices that required more time and energy than what was originally forecasted.
In addition to our shift in budgetary practice,
because this year is a World Scout Conference year, the final budget for the year could not be completed before the World Scout Committee had set its priorities toward that goal. In any case it was proposed, and the World Scout Committee accepted, without criticism, that the budget would be submitted to postal vote before the end of December.
Regarding the final audit report of the 2005-2006 accounts, the WSB
consolidated accounts for fiscal year 2005-2006 were audited and ready to be signed without reservation by 22 February 2007, being 4.5 months after the fiscal years closing date. This readiness was stated in the letter composed by the independent auditors of Ernst & Young. The accounts were approved by the World Scout Committee at its March 2007 meeting, pending the final confirmation of one figure by the auditors of Ernst & Young.
This figure that required confirmation was the value of the shares
held by the WSB-Interamerican Regional Office in the Picarquin realestate and managing companies. The valuation of these shares
required the completion of a full audit of Picarquins operations. Picarquin works on a fiscal year different from the WSB, and Ernst & Youngs audit of Picarquin was at last delivered mid-September 2007. The Picarquin audit confirmed the original figure and allowed the audited report of the 2005-2006 accounts to be published.
Regarding transparency, the management of WOSM financial resources in all offices of the WSB follows internal written procedures, regulations deriving from Swiss laws and statutes, as well as the laws and statutes of the any events host country (when applicable). These policies and laws are applied to the preparation, implementation, monitoring, and control of the WSB budget, to the regular accounting, and to year-end budget
reporting operations.
There are additional financial controls at various levels throughout the WSB and WOSM. For example, the Budget Committee (whose membership includes the World Scout Committee Chairman and other volunteers) receives detailed financial reports on a regular basis, and the Audit Committee ensures the overall accuracy and propriety of all financial reports and actions.
An internal auditor and external auditors both doublecheck and review the accounts within their requirements, including the
process by which the accounts are prepared.
The external auditors have never communicated any uncertainty, caution, or conditionality within their past reports to the World Scout Committee.