Informe del Comité Financiero y Administrativo (FAC) Año Fiscal 2003-2004

The Financial and Administrative Committee (FAC) report for the 2003-2004 fiscal year details two primary meetings held in Costa Rica and Brazil. The report focuses on the IAI's financial stability, the review of external audits by KPMG, the development of personnel manuals and performance plans, and the scrutiny of the proposed 2004/2005 basic budget.

• The FAC expressed concern regarding the IAI's current financial situation and instructed the Director to be more proactive in securing basic budget contributions, including resuming payment reminders and follow-up calls to member countries.
• The external auditor, KPMG, issued a 'qualified opinion' in the 2002/2003 report, primarily due to a shift in accounting principles from 'Contribution Transactions' to 'Exchange Transactions'. KPMG also noted a lack of clear costs and timelines for CRN project activities.
• The FAC urged the Director to reconsider a proposed 17.5% budget increase for 2004/2005, noting that a previous request for an 8% increase for 2003/2004 had not been approved.
• The Committee established that translation costs for Executive Council (CE) and Conference of the Parties (CoP) meetings should no longer be covered by the Basic Budget, but instead be paid by the host country.
• To address salary and benefit policies, the IAI contracted Huggard-Caine on March 23, 2004, to conduct a comparative study of six IAI positions against equivalents in eight other organizations.
• The FAC recommended that employment contracts include a clause stating they may be terminated due to a lack of funds, and that the Executive Director must discuss contract renewal plans with the CE Board and the employee six months prior to expiration.

APA

Inter-American Institute for Global Change Research (2004). Informe del Comité Financiero y Administrativo (FAC) Año Fiscal 2003-2004. https://archive.iai.int/admin/site/sites/default/files/12_FAC2003-2004_Sp.pdf

Chicago

Inter-American Institute for Global Change Research. Informe del Comité Financiero y Administrativo (FAC) Año Fiscal 2003-2004. 2004. https://archive.iai.int/admin/site/sites/default/files/12_FAC2003-2004_Sp.pdf.

Wikipedia

{{cite report |author=Inter-American Institute for Global Change Research |title=Informe del Comité Financiero y Administrativo (FAC) Año Fiscal 2003-2004 |date=11 May 2004 |url=https://archive.iai.int/admin/site/sites/default/files/12_FAC2003-2004_Sp.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{interamericaninstituteforglobalchangeresearch2004informe, author = {{Inter-American Institute for Global Change Research}}, title = {{Informe del Comité Financiero y Administrativo (FAC) Año Fiscal 2003-2004}}, institution = {Inter-American Institute for Global Change Research}, year = {2004}, month = may, url = {https://archive.iai.int/admin/site/sites/default/files/12_FAC2003-2004_Sp.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }