Financial and Administrative Committee (FAC) Report

The Financial and Administrative Committee (FAC) report from April 2006 details a review of the IAI's budget, audit processes, and administrative manuals. Key concerns include the sustainability of the Core Budget due to uncollected contributions and currency fluctuations (USD vs Brazilian real), as well as the need for updated procurement manuals and a new strategy for external audits.

• The FAC expressed concern over the sustainability of the 2006/2007 Core Budget Request, noting that 100% of the budget is being allocated despite not being fully collected. The committee highlighted increasing fixed costs, specifically salaries and benefits, and the financial pressure caused by the weakening of the U.S. Dollar against the Brazilian real, which increases costs when translated into local currency.
• The FAC recommended that the IAI Directorate take more active steps to collect 2005/2006 Core Contributions, including sending reminder letters to non-paying member countries and initiating targeted outreach efforts by the IAI Director.
• The FAC accepted the 2004/2005 Audit Report as final and proposed soliciting bids for future external audits. The committee recommended that the process include detailed "Terms of Reference" and target local firms with experience in grant-making organizations alongside large international firms.
• The FAC requested a timeline for the completion of the Contracting and Procurement Manual, suggesting it be circulated to staff for review and approved for implementation by 1 July 2006, with a plan that includes staff training.

APA

Inter-American Institute for Global Change Research (2006). Financial and Administrative Committee (FAC) Report. https://archive.iai.int/admin/site/sites/default/files/iai-ec-22-fac-report-e.pdf

Chicago

Inter-American Institute for Global Change Research. Financial and Administrative Committee (FAC) Report. 2006. https://archive.iai.int/admin/site/sites/default/files/iai-ec-22-fac-report-e.pdf.

Wikipedia

{{cite report |author=Inter-American Institute for Global Change Research |title=Financial and Administrative Committee (FAC) Report |date=24 April 2006 |url=https://archive.iai.int/admin/site/sites/default/files/iai-ec-22-fac-report-e.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{interamericaninstituteforglobalchangeresearch2006financial, author = {{Inter-American Institute for Global Change Research}}, title = {{Financial and Administrative Committee (FAC) Report}}, institution = {Inter-American Institute for Global Change Research}, year = {2006}, month = apr, url = {https://archive.iai.int/admin/site/sites/default/files/iai-ec-22-fac-report-e.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }