Budget Reports and Meeting Recap for Montreal Protocol and Vienna Convention Trust Funds
Explore financial reports, budgets, and meeting recaps for the Montreal Protocol and Vienna Convention Trust Funds, including detailed information on budget performance, expenditures, utilization rates, and cash balances. Dive into proposed revisions for the 2022 budget and upcoming budgets for 2023. Stay informed on funding options and decision reviews.
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Presentation Transcript
Financial Reports & Budgets Montreal Protocol & Vienna Convention Trust Funds (Agenda item 3 of the preparatory segment) 31 October 2022
Agenda 1 2 3 4 5 6 Recap process so far Overview budget briefing meeting Line-by-line review of Budget 2023 Discuss funding options - 2023 Budget & contributions - 2024 Review decision text
Recap process so far 01 Meeting Portal - 29 Jul 2022 02 Online Forum - 27 Sep 2022 03 Briefing Meeting - 21 Oct 2022
Briefing meeting overview . Financial reports: 31 Dec 2021 & 30 Sep 2022 Revised Budget 2022 1 2 Proposed Budgets for 2023 - 2024; Fact sheets; Funding options; & Cash balance forecasts 3 4 Questions & Responses - Online forum
Financial Report 2021 Vienna Convention (VC) Montreal Protocol (MP) Category Budget performance: 3,619,899 Approved revised budget 1,083,488 2,852,348 Expenditures 831,213 Utilization Rate 77% 79% Cash balance: Opening 1,869,922 9,914,106 Closing 2,236,886 11,611,218
Indicative Financial Report 30 Sep 2022 Category VC MP Budget performance: 5,855,129 Approved budget 888,180 3,409,239 Expenditures 586,477 Utilization Rate 66% 58% Cash balance: Opening 2,236,886 11,611,218 Closing 2,097,232 10,533,372
Proposed Revision - Budget 2022 Description Approved Budget Proposed Revision Variance Staff costs 1,691,100 1,371,985 (319,115) Consultants 85,000 80,551 (4,449) Meeting costs 1,512,000 1,837,849 325,849 Travel of A5 parties and experts 1,225,000 1,228,878 3,878 Travel on official business 195,000 233,082 38,082 Other operating costs 195,000 137,925 (57,075) Public awareness & communication 59,900 57,292 (2,608) Total direct costs Incl. PSC (13%) 5,608,190 5,590,745 (17,445) Additional activities Incl. PSC (13%) 246,939 264,384 17,445 Grand Total 5,855,129 5,855,129 -
Proposed Budgets for 2023 MP Cost category ZNG Budget Recommended Budget Total direct cost Incl. PSC 5,322,300 5,723,450 Additional activities Incl. PSC 79,100 79,100 Grand total 5,401,400 5,802,550
Request for 2023 Request for consideration: On the understanding: Increase Conference Services Costs (CSC) Future budgets will be adjusted downwards as budget for OEWG and MOP to $770,000 each and when post-pandemic travel costs are back (i.e., average of estimated costs for 3 venues to pre-pandemic levels booked for 2023) Increase A5 travel budget to $1,225,000 (i.e., year 2022 level even though it is not an assessment year) Increase staff travel budget to $225,000 (i.e., year 2018 level)
Additional Information requested Cash balance forecast under Option 3 when contributions received at 100%. Cost estimates for online platforms Criteria for funding meeting participants
Responses via online forum 1. Budget 2023 Consultants - Tasks that could not be accomplished if the ZNG scenario is approved? Expendable and non-expendables What is covered? What would be the impact of lower than recommended funding for these lines? Public awareness and communication Necessity of the recommended increase? 2. Indicative financial report Reporting costs - expected utilization rate for 2022 Public awareness and communication - expected utilization rate for 2022; what has been and has not been accomplished and why Responses to the above-noted queries posted in the forum, in addition to: Note on contributions (100% rcpts) Note on costs of online meeting platform
Line-by-Line review of Budget 2023
Cash balance forecast for the three funding options Option 1: at the same level as in 2022, i.e., $2,597,681 Option 2: at the same level as in 2021, i.e., $3,743,099 Option 3: at the level of the budgets for the two scenarios i.e., $5,322,300 and $5,723,450 Recommended Option 1 9,232,039 2,597,681 4,591,190 7,238,530 ZNG Recommended Option 2 9,232,039 3,743,099 4,591,190 8,383,948 ZNG ZNG Option 3 @ 85% rcpts 9,232,039 4,523,955 4,591,190 9,164,804 Recommended ZNG Option 3 @ 100% rcpts 9,232,039 5,322,300 4,591,190 9,963,149 Recommended Cash balance on 31 Dec 2022 Add: Contributions Less: Expenses at 85% of the budget Cash balance on 31 December 2023 9,232,039 2,597,681 4,932,168 6,897,552 9,232,039 3,743,099 4,932,168 8,042,970 9,232,039 4,864,933 4,932,168 9,164,804 9,232,039 5,723,450 4,932,168 10,023,321 Assumptions Options 1 and 2 - contributions received at 100% including payments against outstanding contributions Option 3 - contributions received at 85% and 100% Budget consumption at 85%
Cash balance forecast for the funding options 11,611 12,000 9,914 9,232 10,000 10,023 9,165 8,043 8,000 6,970 6,898 6,063 5,297 6,000 4,028 4,000 2,487 2,057 2,000 - 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Recommended Option 1 Option 2 Option 3 @ 85% recpts Option 3 @ 100% recpts
Next Steps The Committee is expected to: Review and approve revised budgets for 2022 Review and approve budgets and contributions for 2023 Review and take note of the fact sheets for 2023 Take note of budget and contributions for 2024 Agree on the budget decision text to present to the plenary for adoption
