Administrative expenses for WilmaFund include salaries of the Managing Director (who initially will be an expatriate with extensive experience in Africa), a Senior Operations Manager, a finance manager assisted by a finance specialist, and Country Program Officers. They will work with WILMA to identify business ideas and to provide technical assistance to start-ups in business planning; too, they will oversee business performance, working with the on-site manager of each enterprise. Other expenses include travel and transport costs, office equipment, support staff, and budget for local grant fundraising and program promotion.
Annual costs of business for WILMA as the parent organization include the salary for a Liaison Manager, who will assist WilmaFund in building the overall investment program and the business pipeline, as well as in monitoring business performance. This Liaison will also certify CDAs and work with local development partners in each country to build the capacity of CDAs to host businesses, manage financial resources, and eventually own shares. Also included is the salary of a Systems Manager, who will manage the technical aspects of WILMA's assistance to WilmaFund (including IT support for business projections, the reporting system for tracking funds use and business performance, and other systems support). This budget also includes expenses incurred in raising grant income, travel to and from Africa, and office equipment.
The projected management budget envisages that WilmaFund will outsource some CDA support services to well-established local NGOs: educational institutes, development trusts, research and training facilities. Such local partners will work with WilmaFund to build CDA capacities to host its enterprises, to carry out sound financial management of resources distributed to them (in the form of capacity building stipends and royalty payments from the enterprises), and to develop their public service projects. In these ways, CDAs will mature over a period of years to own shares in the enterprises and exert real control. Local partner NGOs will also assist WilmaFund in monitoring the operations of the Community Enterprise LLCs located in their area, including the implementation of WILMA's code of fair employment practices. Budgeted costs include fees, office support, transportation, equipment, and supplies related to carrying out these tasks.