Progress report on financial and economic structures in Auroville
Other Trusts to be formed are a Health and Healing Trust, a Guest House Trust and a Service Trust to coordinate the basic collective services such as water, electricity, telephone and transport. These Trusts will initially be made up of units presently under Auroville Fund but it is envisaged that other units, including some presently part of other Trusts such as Artisana Trust and ABC Trust, will move into the new Trusts as the lines between commerce and service are often very blurred. At present there are single activities such as food processing and baking that have two separate units, one for marketing outside and one for providing for Auroville and these units are under different Trusts. From an accounting point of view this is a nightmare. It is hoped that these anomalies can be eliminated within this new organisational structure.
Accounting unit & group
A unit called Auroma, set up many years ago to coordinate
all the accounting requirements of the Auroville Foundation, and dormant
for many years, has been revitalised with the appointment of new active
executives and the setting up of a work group called the Accounts Coordination
Group. The work of the Accounts Coordination Group is to look at the
overall challenges Auroville is facing in the field of accounts management
as the number of activities, projects, units and trusts expands rapidly
along with the growth of the city and its population. Auroma's function
is to provide services to executives in the areas of management consultancy,
sales tax, provident fund and book keeping as well as coordination of
the annual visit of the CAG. It is also working to provide tools for
the Trustees and the FAMC to assess unit and Trust performance and anticipate
serious difficulties before the community becomes burdened with avoidable
The expansion of the Corpus Fund remains an issue of active interest as the needs for loans for land, infrastructure and housing increase. About one third of the Corpus is presently loaned out into Auroville and the rest is invested in such a way that presently the Auroville Maintenance Fund is the single largest contributor to the Central Fund.
For some time discussions have been going on to reassess the priorities of the Central Fund and to investigate the possibilities to, in effect, decentralize its administration. The present Economy Group wishes to dissolve into something better, another form with more participation and a sharper focus on a shared vision. We hope that the process of concretising a new organization will be soon completed so that this can take place in the near future.
From the Auroville Economy Group, January 2002
(Alain Bernard, Judith,
Minh, Otto, Pala, Rathinam)
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