Report of the Financial and Administrative Committee (FAC)

The Financial and Administrative Committee (FAC) of the IAI recommends the approval of a 2023-2024 core budget of approximately $1,400,000 with no immediate increase in member contributions. The report highlights an unqualified audit opinion for the 2021-2022 fiscal year and emphasizes the critical need for sustained voluntary contributions from member nations to ensure the IAI's long-term viability amidst ongoing COVID-19 recovery stresses.

• The Financial and Administrative Committee (FAC), chaired by the United States, reviewed the IAI's core budget request for the upcoming fiscal year and recommended that the Executive Council forward it to the Council of the Parties for approval. The budget maintains expenses at approximately $1,400,000 and proposes no increase in country contributions for the coming year, although the FAC noted that increasing costs may necessitate a budget increase next year, which would affect country contributions.
• The auditors' report for the 2021-2022 fiscal year provided an unqualified opinion, stating that the IAI's financial statements fairly presented the organization's financial position in all material respects.
• The IAI depends on voluntary contributions from member nations for its daily operations and research oversight. The document notes that the long-term health of the IAI is threatened without sustained support from all members, particularly as many nations are still experiencing stress from the recovery from COVID-19.
• The Financial and Administrative Ad Hoc Committee (FAC) is tasked with managing IAI financial, administrative, and project management issues. Its responsibilities include approving staff salaries, benefits, and merit increase policies; reviewing financial accounts and cash flow; and recommending changes to member country contributions.

APA

Inter-American Institute for Global Change Research (2023). Report of the Financial and Administrative Committee (FAC). https://archive.iai.int/administrador/assets/images/ckfinder/files/IAI-CE-55-3-en.pdf

Chicago

Inter-American Institute for Global Change Research. Report of the Financial and Administrative Committee (FAC). 2023. https://archive.iai.int/administrador/assets/images/ckfinder/files/IAI-CE-55-3-en.pdf.

Wikipedia

{{cite report |author=Inter-American Institute for Global Change Research |title=Report of the Financial and Administrative Committee (FAC) |date=19 May 2023 |url=https://archive.iai.int/administrador/assets/images/ckfinder/files/IAI-CE-55-3-en.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{interamericaninstituteforglobalchangeresearch2023report, author = {{Inter-American Institute for Global Change Research}}, title = {{Report of the Financial and Administrative Committee (FAC)}}, institution = {Inter-American Institute for Global Change Research}, year = {2023}, month = may, url = {https://archive.iai.int/administrador/assets/images/ckfinder/files/IAI-CE-55-3-en.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }