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Learn about financing the 2013 program budget with a breakdown of funding sources, projections, adjustments, and strategies to encourage timely payments of quotas. Explore the allocation of funds, reductions, income sources, and key changes in the budget ceiling.
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Financing the 2013 Program-Budget(Revised 26 April 2012) Secretariat for Administration and Finance
Ceiling and Sources of Funding Regular Fund: $82.028 million ($81.528 net) Estimates of Quota Income Contribution from ICR Contribution from FEMCIDI Rentals, interest and deobligations $500,000 toward Reserve Subfund Indirect Cost Recovery Ninety percent of average collections during 2009, 2010, 2011, as per in accordance with CP RES 996 (1832/11) 1/5/2020 2
Quota Contributions and ICR income • FY 2011 closed with a $2.9 million deficit • Budget ceiling reduced by $1,842,700 to account for member states with quotas in arrears of two years or more by June 1st • In the event Regular Fund income exceeds budgeted expenditures because one or more such member states pay their quotas for 2013, those amounts would be deposited in the Reserve Sub-Fund.
Contributions from FEMCIDI • FEMCIDI contributes 15% of the net amount available for programming • FEMCIDI pledges collected for 2010 programming cycle: $2,315,732 • Contribution 15%: $302,052 • Net available for FEMCIDI programming: $2,013,680
Contributions from ICR • Contributions to the Regular Fund from the Indirect Cost Recovery account: $1.5 million • $1 million less than previous fiscal periods • Specific Fund Contributions from donors continue to decline • Ceiling for Indirect Cost Recovery expenditures: $6.751 million (90% of average of 2009, 2010, 2011 collections) per CP/RES 966 • Total ICR income projected for 2013: US$6.388 million • Available for funding of ICR operations: US$ 4.888 million
Other Income Rental of GSB space: $500,000 Interest income*: 100,000 Deobligations**: 700,000 TOTAL: $1,300,00 *(2011 interest income $88,000) **(2011 deobligations $694,227)
Reductions to funding for operations • Allocation of $500,000 to the Reserve Subfund • Reduction of RF posts from 471 in 2012 to 434 in 2013
Modifications to Measures to Encourage Timely Payment of Quotas • Deadline for a payment plan: Changed from April 30th to March 31st • Date a member state is considered two years in arrears: Changed from May 1st to April 1st • Consistent with the Permanent Council’s modifications to the prompt payment schedule