iai-ec-27-fac-report-e-2aaf4b928192caec.pdf

The Financial and Administrative Committee (FAC) of the Inter-American Institute for Global Change Research (IAI) met in April 2009 to review the core budget proposal, quarterly reports, and audit findings. The committee found the budget proposal fiscally responsible, noting reductions in salaries, travel, and equipment costs, alongside an increase in operations funding to cover staff severance and relocation. The FAC also addressed a 'qualified' audit opinion resulting from a bank account migration issue and initiated the process for re-competing the audit contract.

• The FAC characterized the draft IAI core budget proposal as a "fiscally responsible plan for the coming year," noting several areas of reduced spending. Salary and benefits costs are expected to decrease because the recruitment of a new science officer is expected to be a "relatively junior appointment" with a "lower salary than the former Science Officer." Travel costs are reduced due to changes in the EC meeting schedule, and equipment costs are lower because the previous year included a "one-time purchase of new office furniture."
• The proposed operations budget has increased significantly, primarily to establish a pool of funds for "severance and relocation costs when staff depart the institution." Specific allocations include $6,500 for "contracting out basic accounting services" and $12,000 for the relocation of the new IAI Science Officer to Sao Jose dos Campos.
• The audit report from BDO Trevisan provided a "qualified" opinion on IAI's financial statement. This was caused by uncertainties regarding a US dollar bank account that was delayed during a bank sale; the FAC noted the account contained "approximately $250 at the time" and did not believe this was a "material deviation from accepted accounting procedures."
• The IAI is initiating a Request for Proposals for a new three-year audit contract. The FAC intends to review the RFP to ensure it includes requirements such as "competency in English" before the selection of a new audit firm.
• The FAC is working to simplify the Post Adjustment system, which is used to compensate staff whose salaries are fixed in US dollars for exchange rate fluctuations between the US dollar ($US) and the Brazilian Real ($BR), as most staff expenses are in $BR.

APA

Inter-American Institute for Global Change Research (n.d.). iai-ec-27-fac-report-e-2aaf4b928192caec.pdf. https://archive.iai.int/admin/site/sites/default/files/iai-ec-27-fac-report-e.pdf

Chicago

Inter-American Institute for Global Change Research. iai-ec-27-fac-report-e-2aaf4b928192caec.pdf. n.d. https://archive.iai.int/admin/site/sites/default/files/iai-ec-27-fac-report-e.pdf.

Wikipedia

{{cite report |author=Inter-American Institute for Global Change Research |title=iai-ec-27-fac-report-e-2aaf4b928192caec.pdf |url=https://archive.iai.int/admin/site/sites/default/files/iai-ec-27-fac-report-e.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{interamericaninstituteforglobalchangeresearchndiaiec27facreporte2aaf4b928192caecpdf, author = {{Inter-American Institute for Global Change Research}}, title = {{iai-ec-27-fac-report-e-2aaf4b928192caec.pdf}}, institution = {Inter-American Institute for Global Change Research}, url = {https://archive.iai.int/admin/site/sites/default/files/iai-ec-27-fac-report-e.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }