Financial and Administrative Committee (FAC) Report

The Financial and Administrative Committee (FAC) Report, published by the Inter-American Institute for Global Change Research on October 30, 2007, details the committee's activities and findings from a September 2007 meeting in Brazil. The report covers audit expectations, member country contributions, staff contracting issues, budget planning, and administrative system updates.

• The FAC and external auditors from BDO Trevisan discussed the potential for a qualified audit report due to a "lack of information to verify the level of INPE’s in-kind contributions". An unqualified report was deemed contingent on receiving data from INPE, the National Science Foundation (NSF), and two banks.
• The IAI faces ongoing challenges with member country representation at institutional meetings, noting that "Quorum is barely made at times" and some representatives from local embassies are "uninformed about the IAI’s business and cannot meaningfully participate".
• The IAI is attempting to expand its funding base through corporate partnerships and organizations, including a pending agreement with a "large Brazilian company" and a proposal currently being evaluated by the "MacArthur Foundation".
• Local staff contracts managed by INPE are problematic because a previous tender to the lowest bidder resulted in reduced salaries, as position descriptions failed to fully indicate required qualifications, such as being "tri-lingual". The current contract is set to expire in 2009.
• The FAC recommended reverting to a 3-year budget proposal starting with the 2008/09 fiscal year, moving away from the 1-year budgets used during the transition between directors John Stewart and Holm Tiessen.
• The IAI resolved a reporting issue with the US National Science Foundation regarding a large "cash on hand" balance that violated NSF rules, which was caused by a discrepancy in when the IAI reported money as "expensed" versus accounting recognition.
• As of June 30, 2007, the IAI was on track to have a cash or accounts receivable balance of approximately "$1M US for the Core Budget", leading to FAC discussions on whether to maintain a reserve for closure liabilities or use the surplus for outreach to inactive countries.

APA

Inter-American Institute for Global Change Research (2007). Financial and Administrative Committee (FAC) Report. https://archive.iai.int/admin/site/sites/default/files/iai-ec-25-fac-report-e.pdf

Chicago

Inter-American Institute for Global Change Research. Financial and Administrative Committee (FAC) Report. 2007. https://archive.iai.int/admin/site/sites/default/files/iai-ec-25-fac-report-e.pdf.

Wikipedia

{{cite report |author=Inter-American Institute for Global Change Research |title=Financial and Administrative Committee (FAC) Report |date=30 October 2007 |url=https://archive.iai.int/admin/site/sites/default/files/iai-ec-25-fac-report-e.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{interamericaninstituteforglobalchangeresearch2007financial, author = {{Inter-American Institute for Global Change Research}}, title = {{Financial and Administrative Committee (FAC) Report}}, institution = {Inter-American Institute for Global Change Research}, year = {2007}, month = oct, url = {https://archive.iai.int/admin/site/sites/default/files/iai-ec-25-fac-report-e.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }