Ozone Secretariat Budget Committee Presentation Highlights
Explore key details from the Ozone Secretariat's Budget Committee Presentation at the Twenty-Eighth Meeting of the Parties in Kigali, Rwanda. The presentation covers proposed budgets, cash flow positions, contribution options, and important elements of the revised 2016 budget. Delve into budget trends, categories, and approved budgets from 2007 to 2016.
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Presentation Transcript
Budget Committee Presentation by the Ozone Secretariat MOP28 10-14 October 2016 Twenty-Eighth Meeting of the Parties 10-14 October 2016 Kigali, Rwanda
Budget Committee Presentation by the Ozone Secretariat MOP28 10-14 October 2016 1. Proposed revised 2016 budget of the MP trust fund 2. Proposed 2017 and 2018 budgets of the MP trust fund 3. Cash flow position of the MP trust fund at the end of 2016 4. Contribution options for 2017
Budget Committee Presentation by the Ozone Secretariat MOP28 10-14 October 2016 Proposed revised 2016 budget Important elements of the revised budget: The revised budget for 2016 has remained at the overall approved level in 2015 of $6,772,162. The programme support cost for 2015 has been fully utilized. An additional amount of $150,000 has been incurred to cover the cost of conference services and related interpretation for the Vienna meetings including an extra day of the resumed 37OEWG and the 3ExMOP. This $150,000 has been offset by projected savings in staffing costs resulting from the vacant P4 Programme Management Officer. No overall increase is required for the approved 2016 budget.
Budget Committee Presentation by the Ozone Secretariat MOP28 10-14 October 2016 Three Year Budget Trend 8,000,000 $6,772,162 7,000,000 $5,549,376 6,000,000 $5,444,557 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 - 2016 2017 2018
Budget Committee Presentation by the Ozone Secretariat MOP28 10-14 October 2016 Three Year Budget By Category % % % 2016 Budget 2017 Budget 2018 Budget Category 2016 Budget 2017 Budget 2018 Budget Meetings 4,170,000 70% 2,725,250 57% 2,901,000 59% Staff & Consultants 1,378,194 23% 1,568,072 33% 1,575,082 32% Travel 225,000 4% 225,000 5% 225,000 5% Other 219,870 4% 299,870* 6% 209,870 4% Direct Budget 5,993,064 100% 4,818,192 100% 4,910,952 100% Programme Support Cost 779,098 13% 626,365 13% 638,424 13% Total Budget 6,772,162 5,444,557 5,549,376 * 2017 Other cost includes celebration of 30th anniversary of the Montreal Protocol ($90,000)
Budget Committee Presentation by the Ozone Secretariat MOP28 10-14 October 2016 Progression of Approved Budgets , Expenditures and Assessed Contributions for years: 2007 to 2016 (Thousands of United States dollars) 7,000 6,500 6,000 5,500 5,000 4,500 4,000 3,500 2007 2008 2009 Approved Budgets 2010 2011 Assessed Contributions 2012 2013 Expenditures 2014 2015 2016
Budget Committee Presentation by the Ozone Secretariat MOP28 10-14 October 2016 Projected Cash Position Beginning Balance Cash Position Contributions Received 30/09/2016 Projected Incoming Cash from Parties Parties Paying 2017 Contribution in Advance Softly Earmarked Contributions Rwanda Projected Funds Available for Operations Approved Budget 2016 Adjustments to Budget Projected Savings on Professional Staff Other Projected Savings (Non-Staff) Projected Final Budget Utilization 2,057,909 3,784,454 820,000 *338,412 270,000 150,000 7,420,775 6,772,162 -220,000 -100,000 6,452,162 Projected Final Cash Position Projected Cash Position (Less prepayments) 968,613 630,201 * Prepayments of $338,412 will assist in the current cash position by only delaying the negative cash position to 2017
Budget Committee Presentation by the Ozone Secretariat MOP28 10-14 October 2016 Cash Projection (Thousands of United States dollars) 7,000 Cash utilization increased significantly in 2015 & 2016 due to the additional meetings. 6,000 5,000 4,000 3,000 2,000 1,000 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016* (1,000) Cash (July) Cash (Oct) Series3 (2,000) Year 2007 4,147 4,147 2008 6,053 6,053 2009 6,107 6,107 2010 3,463 3,463 2011 4,491 4,491 2012 2013 3,956 3,956 2014 2015 2,057 (1,000) 2,057 2016* Cash (July) Cash (Oct) 4,595 4,595 4,028 4,028 968 * 2016: Ending cash position is forecasted
Budget Committee Presentation by the Ozone Secretariat MOP28 10-14 October 2016 Funding options for the proposed 2017 budget Option 1 Option 2 Option 3 (recommended option previously) Level of contributions: $6.262 million (recommended option now) Level of contributions: $5.853 million Level of contributions: $5.714 million Option parameters: Option parameters: Option parameters: Full funding of the budget and the cash reserve in the fiscal year 2017 Full funding of the budget and the cash reserve over two years (2017 and 2018) Full funding of the budget and the cash reserve over three years (2017, 2018 and 2019) Projected end of year Projected end of year Projected end of year balances: balances: balances: Cash: $817,000 Cash: $408,000 Cash: $270,000
Budget Committee Presentation by the Ozone Secretariat MOP28 10-14 October 2016 A. Approval of revised budget for 2016 B. Approval of proposed budget for 2017 C. Take note of the 2018 budget D. Decide on the level of assessed contributions E. Decide on the replenishment of the operational reserves
