Report on the execution of the administrative budget and unaudited financial statements 2015

The Green Climate Fund's 2015 administrative expenditures totaled USD 19.1 million, representing 99% of the USD 19.3 million approved budget. While the Secretariat under-spent by USD 0.4 million, the Board over-spent by USD 0.2 million, primarily due to increased costs for the Accreditation Panel. Total fund revenue for 2015 reached USD 1.759 billion, with total assets as of 31 December 2015 amounting to USD 1.851 billion, including USD 1.213 billion in promissory notes.

• Total administrative expenditures for the year ended 31 December 2015 were USD 19.1 million, which is 99 per cent of the approved budget of USD 19.3 million.
• The Board's expenditures exceeded the budget by USD 0.2 million, totaling USD 1.9 million against a budget of USD 1.7 million. This overrun was mainly caused by higher costs for Board panels, specifically the Accreditation Panel (AP), where expenditures were USD 0.48 million against a budget of USD 0.24 million due to an increased volume of accreditation applications.
• Secretariat expenditures totaled USD 16.5 million, which was USD 0.4 million (2 per cent) under the approved budget. These savings were used to offset the Board's over-expenditure.
• As of 31 December 2015, the Fund's total assets were USD 1.851 billion, consisting of USD 638 million in cash and cash equivalents and USD 1.213 billion in promissory notes. Of this total, USD 1.846 billion is held in a World Bank trust account.
• Total revenue for 2015 was USD 1.759 billion, primarily driven by grant contributions of USD 1.76 billion, alongside accreditation fee income of USD 1.3 million and investment income of USD 0.7 million, offset by foreign exchange losses of USD 2.7 million.
• Interim Trustee expenditures were estimated at USD 683,600, which is 4 per cent under the budget of USD 715,700. Legal costs were higher than expected due to the processing of over 30 contribution agreements that converted USD 6.6 billion of pledges into signed agreements.

APA

Green Climate Fund (2016). Report on the execution of the administrative budget and unaudited financial statements 2015. https://www.greenclimate.fund/sites/default/files/document/gcf-b12-inf07.pdf

Chicago

Green Climate Fund. Report on the execution of the administrative budget and unaudited financial statements 2015. 2016. https://www.greenclimate.fund/sites/default/files/document/gcf-b12-inf07.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Report on the execution of the administrative budget and unaudited financial statements 2015 |date=3 March 2016 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b12-inf07.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2016report, author = {{Green Climate Fund}}, title = {{Report on the execution of the administrative budget and unaudited financial statements 2015}}, institution = {Green Climate Fund}, year = {2016}, month = mar, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b12-inf07.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }