Formulation, planning, budget information provided by Department of Planning & Evaluation

1. Current Budgetary Cycle, as per General Standards Phase 1 Phase 6 Dec Visión SGA Jan Nov 15 Audit commissioned Special GA to approve allocation of Program-Budget – Nov 15 15 Phase 2 Formulation, planning, budget information provided by Department of Planning & Evaluation 3rd Quarterly resource Management Publication of Program-Budget for the new fiscal year Oct Year-End Resource management Report Feb Presupuesto Analysis and Preparation of Funding Resolution CAAP begins review of Program-Budget Sep Publication and distribution of program-Budget by SAF & department of Planning and Evaluation, no later than 90 days prior to Special GA Mar Phase 5 1sr Quarterly Resource Management Report SG presents Program-budget Aug Discussions and review by the CAAP and recommendations to the preparatory Committee in advance of the GA 2nd Quarterly Resource Management report Approval of the funding ceiling at GA Board of External auditors Jul Phase 3 Apr Planes de Trabajo May GA Jun 6 Jun AsambleaGeneral Phase 4

2. New Option 1: Single GA – Fall period Phase 6 New financial year Phase 5 - GA Dec Visión Oversight Committee reviews information Jan Nov Publication of Program-Budget for the new fiscal year Regular GA (to approve ceiling and allocation of Program-Budget NB: In a bi-annual budget cycle, this step serves to evaluate the validity of mandates (financial viability, results achieved) Audit commissioned Feb Previous year’s Budget information provided by SAF 3rd Quarterly Performance Report Phase 1 Oct GS updates inventory of Mandates Year-End Quarterly Performance Report SG presents Program-budget Resolution Presupuesto Informal meetings, consultations Phase 4 Sep Permanent Committees plan resolutions and integrate costing with financial impact Publication and distribution of program-Budget by SAF no later than 45 days prior to GA Formal and informal meetings, consultations with GS and between member states to finalize pending issues Mar CAAP recommends budget ceiling and allocations via resolution 1st Quarterly Performance Report Aug Analysis and Preparation of Funding Resolution Committees agree on resolutions in principle and submit to Oversight Committee for compliance review (alignment with priorities, mandates criteria and financial availability) 2nd Quarterly Performance Report Board of External auditors Jul Apr Phase 3 Oversight Committee reviews information , meets with Committee Chairs as required May CAAP receives recommendations from Oversight Committee and finalizes any pending issues Jun Phase 2 AsambleaGeneral

3. Oversight Committee reviews information , meets with Committee Chairs as required New Option 2: Single GA – Summer period, financial cycle from July to July Dec Visión CAAP receives recommendations from Oversight Committee and finalizes any pending issues Phase 2 Phase 3 Jan Committees agree on resolutions in principle and submit to Oversight Committee for compliance review (alignment with priorities, mandates criteria and financial availability) Nov Oversight Committee reviews information Board of External auditors 2nd Quarterly Performance Report Feb NB: In a bi-annual budget cycle, this step serves to evaluate the validity of mandates (financial viability, results achieved) Analysis and Preparation of Funding Resolution Oct Phase 4 1st Quarterly Performance Report Phase 1 Previous year’s Budget information provided by SAF Sep Publication and distribution of program-Budget by SAF no later than 45 days prior to GA Formal and informal meetings, consultations with GS and between member states to finalize pending issues CAAP recommends budget ceiling and allocations via Resolution Informal meetings, consultations Mar Permanent Committees plan resolutions and integrate costing with financial impact Aug 3rd Quarterly Performance Report Audit commissioned Publication of Program-Budget for the new fiscal year GS updates inventory of Mandates Jul New financial year Apr SG presents Program-budget Resolution Year-End Quarterly Performance Report Regular GA (to approve ceiling and allocation of Program-Budget Phase 6 May Jun AsambleaGeneral Phase 5 - GA

4. Status Quo – With additional recommended steps Phase 1 Phase 6 Dec Visión SGA Jan Nov 15 Audit commissioned GS updates inventory of Mandates Special GA to approve allocation of Program-Budget – Nov 15 15 Phase 2 Formal and informal meetings, consultations with GS and between member states to finalize pending issues Formulation, planning, budget information provided by Department of Planning & Evaluation 3rd Quarterly Performance Report Committees agree on resolutions in principle and submit to Oversight Committee for compliance review (alignment with priorities, mandates criteria and financial availability) Publication of Program-Budget for the new fiscal year Oct Year-End Performance Report Feb CAAP begins review of Program-Budget Analysis and Preparation of Funding Resolution Presupuesto Sep Publication and distribution of program-Budget by no later than 90 days prior to Special GA SG presents Program-budget Mar Formal and informal meetings, consultations with GS and between member states to finalize pending issues Phase 5 1sr Quarterly Performance Report Aug Discussions and review by the CAAP on the required ceiling and recommendations to the preparatory Committee in advance of the GA Oversight Committee reviews budget allocation before publication and makes recommendations to the GS 2nd Quarterly Performance Report Approval of the funding ceiling at GA Board of External auditors Jul Apr Oversight Committee reviews information Planes de Trabajo NB: In a bi-annual budget cycle, this step serves to evaluate the validity of mandates (financial viability, results achieved) Phase 3 May GA Jun 6 Jun AsambleaGeneral Phase 4