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4. The funds of the WBU shall be kept in a separate account entitled ‘WBU FUND’ to be
established by the Secretary-General of The WFB in accordance with the Financial
Regulations of The WFB.

5. The funds of the WBU shall be held and administered solely for the purposes of
the WBU. The Secretary-General of The WFB shall perform all necessary financial
and accounting functions for the WBU, including the custody of its funds, and shall
prepare and certify the annual accounts showing the status of WBU FUND account.
6. The Financial Regulations and the Financial Rules of the WBU shall apply to the financial
operations of the WBU subject to such special rules and procedures as the Rector, in agreement
with The WFB Secretary-General, may issue after consultations with the WBU Council.
7. The Rector shall prepare the budget estimates for the WBU in manner consistent with
the WBU and The WFB regulations, rules, policies and procedures. The estimates
shall be submitted to the WBU Council for approval.

8. Funds administered by and for the WBU shall, as provided in the Financial Regulations
of The WFB, be subject to audit by The WFB Auditor.
9. The general administrative, personnel and financial services of The WFB may be
utilized by the WBU on conditions determined in consultation between The WFB
Secretary-General and the Rector. It is understood that no extra cost to the regular
budget of The WFB will be incurred.

ARTICLE X
LOCATION AND NETWORKING SYSTEM

1. The WBU shall have its headquarters at The WFB headquarters in Bangkok, where
the WBU authorities and the WBU Centre shall be located.

2. The location of the Associated Institutions and Centres of the WBU, as provided for
under Article III.2, shall be decided and approved by the WBU Council, in accordance
with rules that may be made for this purpose by the WBU Council.
3. Each associated institution or centre shall be under the authority of a Director. The
Director shall collaborate with the Rector, in particular for the purpose of ensuring
the co-ordination of programmes through the WBU networks.
4. The Conferences of Directors of Research, Training and Buddhist Practice Centres and
Educational Programmes (TBPCEP) shall be called by the Rector periodically to review and
evaluate programmes being undertaken, and advise and assist the Rector in improving
current programmes and defining and planning new programmes for the WBU system.

5. The WBU shall encourage development of Buddhist research and training institutes
and programmes (BRTCP) in The WFB Regional Centres around the world. The global
WBU system is coordinated by the WBU Centre.

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RECORD OF PROCEEDING | THE 11 MEETING OF THE WBU COUNCIL
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