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2011 System Entities Budget and Expenditure Agenda Item 4

2011 System Entities Budget and Expenditure Agenda Item 4. Background. Required retrofitting of the 2011 budgets and expenditures. Consortium Office, Fund Office and ISPC Secretariat developed a common budget table template Peer Review Team Teleconference on March 1.

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2011 System Entities Budget and Expenditure Agenda Item 4

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  1. 2011 System Entities Budget and ExpenditureAgenda Item 4

  2. Background Required retrofitting of the 2011 budgets and expenditures Consortium Office, Fund Office and ISPC Secretariat developed a common budget table template Peer Review Team Teleconference on March 1

  3. Budget Table Template: Headline Items Board/Council Meetings Personnel Costs Number of staff Travel Meetings and Workshops Operating Expenses Overhead Charges Unused Funds

  4. 2011 Budget and Expenditure • Consortium • Approved budget: $5.596m • Actual Expenditure: $5.057m • Unused Funds: $0.539m • Fund Office • Approved budget: $3.5m • Actual Expenditure: $3.445m • Unused Funds: $55K

  5. 2011 Budget and Expenditure • ISPC • Approved budget: $3.85m • Actual Expenditure: $3.254m ($1.419 received from FAO) • Unused Funds: $0.596m • ISPC Fund Use Agreement (FUA) • required to disburse funds from the CGIAR Fund • FUA now signed by all parties • Payment request to be made shortly

  6. Observations • Common budget table template is helpful • Some further work needed to have common sub-items under Overhead Charges • For Overhead Charges need to look at financial guidelines being followed by Centers • Clarity on Overhead Charges

  7. THANK YOU! www.cgiarfund.org

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