Financial and Administrative Committee Report by Valeria Villamil - IAI
Explore the latest report from the Financial and Administrative Committee (FAC) at the Inter-American Institute for Global Change Research (IAI), including key financial and administrative updates, budget recommendations, and audit reports. The FAC's insights and recommendations for the Executive Board are crucial for the IAI's future financial planning and decision-making. Stay informed about the IAI's financial position and recommended budget adjustments.
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Presentation Transcript
Report of the Financial and Administrative Committee (FAC) Valeria Villamil Inter-American Institute for Global Change Research
Report of the Financial and Administrative Committee The FAC Report provides information on administrative and financial matters related to the IAI, its Executive Directorate and activities. The Executive Board, at its 57th session, will take note of the FAC Report as part of the analysis and decisions on the financial and administrative issues of the IAI. 22 - mayo - 2024
Report of the Financial and Administrative Committee The FAC received and reviewed the operating budget of the IAI and recommends that the Executive Board forward it to the Conference of the Parties for approval. Budget The FAC considered that the budget request reflected the changing nature of IAI's operations, and that the proposed expenditures were reasonable and appropriate. The budget proposes a 20 per cent increase in country contributions for the following year, as recommended by the Financial Working Group established by the Executive Board. Also, in accordance with the recommendation of the Working Group, future increases of 5 per cent are envisaged. 22 - mayo - 2024
Report of the Financial and Administrative Committee Auditors Report The auditors' report covering the 2022-23 fiscal year gave an unqualified opinion that the IAI's financial statement presented the IAI's financial position fairly in all material respects. The staff is congratulated on having once again received an unqualified audit opinion. 22 - mayo - 2024
Recommendation The Executive Council council is invited to take note of this report. 22 - mayo - 2024
