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FINANCE PRESENTATION TO UNRWA Sub-AdCom 14 JUNE 2011

FINANCE PRESENTATION TO UNRWA Sub-AdCom 14 JUNE 2011. May 2011 FINANCE (UPDATE). No major changes from starting position. 1 Jan 11 - Income Statement Deficit -$63.0m - Cash deficit -$51.0m 31 May 11 - Income Statement Deficit -$63.0m - Cash deficit -$55.0m

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FINANCE PRESENTATION TO UNRWA Sub-AdCom 14 JUNE 2011

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  1. FINANCE PRESENTATION TO UNRWA Sub-AdCom14 JUNE 2011

  2. May 2011 FINANCE (UPDATE) • No major changes from starting position. • 1 Jan 11 - Income Statement Deficit -$63.0m - Cash deficit -$51.0m • 31 May 11 - Income Statement Deficit -$63.0m - Cash deficit -$55.0m • Adverse increase in CAF (depreciation of NIS) -$3.0m offset by F/C in PSC Income +$3.0m. • Donor Income F/C $458.0m (exclude favourable FX $8.0m) = $450.0m. Budget of $453.0m • Favourable FX on Income +$8.5m – Offset by FX on Derivatives -$8.6m • Timing of future cash receipts critical to effect July Post salary payment. • Difficult to meet November Payroll, currently inadequate cash for December Payroll.

  3. May 2011 FINANCE (UPDATE) To be presented to 21/22 June 2011 Ad-Com: May 2011 Finance Update UNRWA Finance Structure UNRWA Financial Reforms 2006/07 – 2012/13 UNRWA Expenditure – Draft Budgets 3

  4. Questions ?

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