Report of the Financial and Administrative Committee (FAC)

The Report of the Financial and Administrative Committee (FAC), prepared by the United States as Chair, provides an update on the administrative and financial oversight of the Inter-American Institute for Global Change Research (IAI). The report recommends the approval of the 2024-2025 Core Budget and notes a clean audit for the 2022-2023 fiscal year.

• The Financial and Administrative Committee (FAC) recommends that the Executive Council forward the IAI's core budget request for the upcoming fiscal year to the Council of the Parties for approval, describing the proposed expenses as reasonable and appropriate.
• The 2024-2025 budget request proposes a 20% increase in country contributions for the next year, following a recommendation from the Executive Council's Financial Working Group. Future increases of 5% are also anticipated.
• The auditors' report for the 2022-2023 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 FAC is tasked with several oversight responsibilities, including approving staff salaries, benefits, and cost-of-living policies, recommending changes to member country contributions, and reviewing financial accounts and the draft Core Budget.

APA

Inter-American Institute for Global Change Research (2024). Report of the Financial and Administrative Committee (FAC). https://archive.iai.int/administrador/assets/images/ckfinder/files/IAI-COP-32-4d-en.pdf

Chicago

Inter-American Institute for Global Change Research. Report of the Financial and Administrative Committee (FAC). 2024. https://archive.iai.int/administrador/assets/images/ckfinder/files/IAI-COP-32-4d-en.pdf.

Wikipedia

{{cite report |author=Inter-American Institute for Global Change Research |title=Report of the Financial and Administrative Committee (FAC) |date=19 April 2024 |url=https://archive.iai.int/administrador/assets/images/ckfinder/files/IAI-COP-32-4d-en.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{interamericaninstituteforglobalchangeresearch2024report, 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 = {2024}, month = apr, url = {https://archive.iai.int/administrador/assets/images/ckfinder/files/IAI-COP-32-4d-en.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }