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Consideration of scenarios for 2014 Program-Budget Ceiling

Consideration of scenarios for 2014 Program-Budget Ceiling. Secretariat for Administration and Finance April 2013. 2014 Program-Budget Assumptions. Impact of statutory increases on RF personnel expenditures: $1.9 million. 2014 Program-Budget Financing Considerations for All Scenarios.

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Consideration of scenarios for 2014 Program-Budget Ceiling

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  1. Consideration of scenarios for 2014 Program-Budget Ceiling Secretariat for Administration and Finance April 2013

  2. 2014 Program-BudgetAssumptions • Impact of statutory increases on RF personnel expenditures: $1.9 million

  3. 2014 Program-BudgetFinancing Considerations for All Scenarios • Reduced Income to the Regular Fund: • Prompt Payments discounts to member States in 2014: $553 thousand (64% increase) • FEMCIDI 15% contribution reduced by $176 thousand (-58% decrease) • ICR contribution to the RF to remain unchanged ($1.5 million). • 100% of rental income now needed to cover repayment of demand notes for F Street renovation. $500k income contribution to Regular Fund no longer included, and expense for repayment to be charged to Rental Income Fund.

  4. Why reduce rental income? • Rental income served a dual purpose • To make payments on funds borrowed to finance renovation/improvements to GSB and Main building infrastructure during 2001-2004. • To defray maintenance costs of leased office space and some of the GSB’s maintenance costs • In the past, $500 thousand from rental income was allocated to the Regular Fund as income exceeded required debt payments. • In recent years, debt servicing and rental income are nearly equal; thus, all rental income must be used to make payments on the demand note. This prompted the Secretariat to transfer, every year, $500 thousand back to its funding account, effectively cancelling out the rental income of the RF.

  5. Budget Scenarios 2014 • Scenario 1: • Covers statutory increases to personnel expenditures (COLA, step increases, Health Insurance) • Excludes $500 thousand contribution to Reserve Sub-Fund • Ceiling increases by $940 thousand (1.12%) • Quota increase: 2.26%

  6. Budget Scenarios 2014 • Scenario 2: • Covers statutory increases to personnel expenditures (COLA, step increases, Health Insurance) • Maintains $500 thousand contribution to Reserve Sub-Fund • Ceiling increases by $1,440 thousand (1.72%) • Quota increase: 2.88%

  7. Budget Scenarios 2014 • Scenario 3: • Covers statutory increases to personnel expenditures (COLA, step increases, Health Insurance) • Maintains $500 thousand contribution to Reserve Sub-Fund • Increase in non-personnel by 1.7% to compensate for inflation • Ceiling increases by $1,940 thousand (2.31%) • Quota increase: 3.49%

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