Surviving, not growing
a summary presented to the Governing Board by the Funds and Assets
Management Committee (FAMC)
Sources of Funds and Utilisation: Auroville's main source of funds
is from donations received by well-wishers in India and all over
the world. Of the total receipts of approximately Rs. 33 crores
(US$ 6,875,000) last year, Rs. 4.8 crores (US$ 1,000,000) came
from internal generation and Rs. 7.4 crores (US$ 1,540,000) from
individual donations to Auroville projects and development. The
percentage break down of inflows is: internal generation 18%,
foreign sources 56% Indian sources 26%. These grants are directed
towards all major activities of Auroville: building Matrimandir
(10.38 %), purchasing land (4.25 %), education (9.06 %), maintaining
Aurovilians (22.25%) and balance towards other activities combined.
Deficits: In the estimates
for the year 2002-03, the biggest deficits are in the projects
(i)purchase of land
(iii) public buildings and housing
For these areas Auroville
is mainly dependent on donations from outside, which makes forecasting
a difficult exercise in today's uncertain world. Due to the unfortunate
events of September 11th 2001 and its after-effects, the donations
from outside India have declined considerably. As of September
2002 we have received 25% less donations. This is leading to a
slowdown of many activities, especially the purchase of land which
is a priority for Auroville.
Our deficits for the
year 2002-03 will be even higher, with the actual receipts being
less than anticipated. To keep up activities in the area of educational
research, Auroville has applied for funding in the area of Education
and Development to the Government of India. It is also doing active
fund- raising for Land and Matrimandir, within and outside India.
In summary, the projects
of Auroville are maintaining a minimum level of activity to survive.
As and when funds become available the projects will go-ahead
at full speed, fulfilling the purpose for which they were started
and helping build the city of Auroville.