1. Sources of income: The International Physical Therapy Network (IPTN) relies solely on the financial income generated from its programs and memberships . IPTN does not accept grants, donations, or any other unknown external sources of income.
2. Clear and Transparent Financial Policy: IPTN follows a clear and transparent financial policy. This means that all financial transactions and operations are conducted in a transparent manner, ensuring accountability and integrity.
3. Income Allocation: The financial policy of IPTN focuses on directing the income generated from different programs towards specific expenses and fees. These include program expenses, governmental fees, E-systems fees, and transactions/financial works fees:
4. Compensation for IPTN Ambassadors: As part of its financial policy, IPTN may allocate payments in terms of incentives for IPTN Ambassadors. Those individuals play a crucial role in representing IPTN in their respective countries and assisting with its activities.
5. Supporting IPTA Activities: The IPTN, in line with its mission, dedicates a portion of its income to provide support for the International Physical Therapy Academy's activities and events. This allocation is crucial in ensuring the attainment of both the Academy's and the network's overarching goals, as they are intricately intertwined.
6. No Profits or Payments Outside Provided Categories: IPTN does not make any profits or payments to individuals or entities outside the categories provided. This ensures that the financial resources are utilized solely for the benefit of the institution and its specified purposes.
7. Financial Policy Compliance: All payments made within the mentioned categories are subject to the financial policy of IPTN. This means that the allocation of funds is done in accordance with the policies and guidelines set by the institution.
8. Financial and Accounting Audits: To ensure transparency and accountability, IPTN undergoes regular financial and accounting audits. These audits help to verify the accuracy of financial records and ensure compliance with the financial policy.
9. Registration and Legality: : The International Physical Therapy Network (IPTN) is a body that is registered under the acts of the laws of companies and business names for legal purposes (Reg no : 9985). The registration under these laws main aim is to facilitate IPTN’s tasks and activities globally .
IPTN is committed to maintaining a clear and transparent financial system, focusing on the proper allocation of funds for program expenses, fees, and compensation for specific categories. By adhering to these policies and undergoing audits, IPTN ensures responsible financial management and accountability. The IPTN commitment to transparency, compliance, and accountability helps maintain trust and credibility.