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NALAS 2007 FINANCIAL REPORT Presented by: Kelmend Zajazi, Executive Director

NALAS 2007 FINANCIAL REPORT Presented by: Kelmend Zajazi, Executive Director. www.nalas.eu/ga. 2007 BUDGET - CHARACTERISTICS. Execution started as of March 2007 43 % of estimated revenues are collected Expenditures reflect the Start up phase 98% of the actual budget is realized.

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NALAS 2007 FINANCIAL REPORT Presented by: Kelmend Zajazi, Executive Director

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  1. NALAS 2007 FINANCIAL REPORT Presented by: Kelmend Zajazi, Executive Director www.nalas.eu/ga

  2. 2007 BUDGET - CHARACTERISTICS Execution started as of March 2007 43 % of estimated revenues are collected Expenditures reflect the Start up phase 98% of the actual budget is realized

  3. 2007 BUDGET - REVENUES • 43 % of the revenues collected

  4. 2007 BUDGET - EXECUTION • 98 % of realization

  5. 2007 Financial Report– STRUCTURAL EXPENSES • Gradual increase in personnel costs • Office costs constant except for start up • 2 peaks: May-June and December: statutory meetings

  6. 2007 FINANCIAL REPORT– PROGRAM EXPENSES • Budget execution as of March • Delayed program activities • Start up phase: build preconditions for TF

  7. 2007 REPORT- CONCLUSIONS The 2007 Budget reflects the office start up Preconditions are created for stabilization of the next 2008 budget cycle External financial AUDIT will cover the period June 2006 to December 2007

  8. 2007 Financial Report QUESTIONS? and / or PROPOSAL?

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