Coolie Sangha Finances

Self Finance Policy

Building civil society institutions will stay incomplete unless self-financed. The Coolie Sangha is self-financed through voluntary contributions made by its Members. Member Coolie families are encouraged to plan for their posterity from day 1 of ADATS’ involvement. The instrument to achieve this objective are the Sangha Funds

Sangha Funds

Each and every family contributes 10% of their income, from whatever source, to their CSU’s Sangha Fund. These include benefits received from ADATS, wage earnings from the Ryots, remittances from employed children, earnings as migrant labourers, crop yields, etc.

Spending of Sangha Funds

These collections are spent on various revenue expenses of the village Coolie Sangha Unit like the paying of rents and electricity bills, paying their elected Representatives their bus fares, etc. After ADATS’s withdrawal, on completion of our 9 year intervention, Sangha Funds are also used to pay for their functionaries, finance the decentralised health and children’s programmes, on legal aid and aid distress, etc.

As per the Trust Deed (legal constitution) of the Coolie Sangha, no payment can be made unless supported by the minutes of the meeting of that particular village CSU where a quorum of two-third have approved. All payments are by cheque and there are no cash transactions in the Coolie Sangha.

Unlike the practice in traditional trade unions, no amount can ever be transferred, automatically or otherwise, to any other CSU or to the Cluster account or to the central Taluk account. Even in the event of a village CSU temporarily dropping out, it's assets and bank accounts stay untouched.

Decentralised Village Level Corpus Fund

The balance unspent amounts at the end of each financial year is placed in Fixed Deposits (FDs) in the name of the respective village Coolie Sangha Unit. These FDs form the decentralised village level corpus fund of the Coolie Sangha. This corpus presently stands at Rs 72,884,200 for 1,252 village CSUs. Interest from each village FD accrues as current year earnings for the respective village CSU, and is used for running the Coolie Sangha Unit.

Another Rs 13,146,243 is the current year's gross income, and is in 1,252 S.B. accounts of as many village CSUs. This takes the total Sangha Fund (FDs plus current balances) to Rs 86,030,443 as on 1 May 2016.

Sangha Tax

For the past 11 years, in all the older CSUs, the practice of contributing Sangha Funds has been formalised through a system of declaring annual incomes and the paying Sangha Tax once a year. So much so that paying Sangha Tax has now become the standard norm for renewing membership in the Consolidation phase and Independent CSUs.

Assets Created by ADATS

Besides Sangha Funds, ADATS has created immovable assets worth over Rs 30 million in the name of the Coolie Sangha. The Coolie Sangha owns a 43 acre Organic Farm, a fully equipped Training Centre, a Commercial Complex designed to give a rental income of about Rs 100,000 per month, and numerous Community Halls in the Cluster villages. Though built with ADATS funds, the legal titles to these properties stand in the name of the Coolie Sangha.

CCF Capital

Finally, the Coolie Credit Fund (CCF) capital of Rs 70,087,501 has to be added to the current asset of the Coolie Sangha.

Financial Reports

The books of accounts of all the CSUs, CCFs, Clusters and Taluks are audited every year by a Chartered Accountant.

Financial Reports (including Audit Reports, Balance Sheets, Income & Expenditure statements and Receipts & Payments statements) are submitted to various statutory authorities, including the Income Tax Department, and to the Union Home Ministry, New Delhi.

These Reports are also presented, in a simplified format, to all the Coolie Sangha functionaries in the villages.