Microsoft Word - FAC report 2016_SP.docx

The Finance and Administration Committee (FAC) report for 2016-2017 recommends the approval of an IAI operating budget of approximately $1,400,000 without increasing country contributions. The report confirms a clean audit for the 2014-15 fiscal year and proposes a renewal of the FAC statute through 2018. The committee, currently composed of representatives from Canada and the United States along with an ex-officio director, is responsible for financial planning, staff benefit approval, and administrative oversight.

• The Finance and Administration Committee (FAC) reviewed the IAI operating budget and recommended that the Executive Council submit it to the Conference of the Parties for approval. The proposed budget maintains stabilized expenses of approximately $1,400,000 and suggests that country contributions not be increased for the year.
• The FAC expressed satisfaction with the independent auditors' report on the IAI financial statements for the 2014-15 fiscal year, noting that the financial situation is presented reasonably in all significant aspects and resulting in a clean audit.
• The FAC is a subcommittee of the Executive Council with a statute that is renewed every two years; the statute in place at the time of the report was set to expire on June 14, 2016. A new statute for an additional two years was submitted for consideration, which would expire at the end of the first Executive Council meeting in 2018.
• The FAC's responsibilities include reviewing and approving staff salaries and benefits, recommending changes to member country contributions, reviewing financial statements and cash flow against the Operating Budget, and approving changes to administrative and financial manuals.
• Membership of the FAC is open to all member countries of the Executive Council for two-year terms. As of the report date, the current membership consists of Canada, the United States, and the IAI Director of Finance and Administration acting as an ex-officio member.

APA

Inter-American Institute for Global Change Research (n.d.). Microsoft Word - FAC report 2016_SP.docx. https://archive.iai.int/admin/site/sites/default/files/iai-ec-41-fac-report-s.pdf

Chicago

Inter-American Institute for Global Change Research. Microsoft Word - FAC report 2016_SP.docx. n.d. https://archive.iai.int/admin/site/sites/default/files/iai-ec-41-fac-report-s.pdf.

Wikipedia

{{cite report |author=Inter-American Institute for Global Change Research |title=Microsoft Word - FAC report 2016_SP.docx |url=https://archive.iai.int/admin/site/sites/default/files/iai-ec-41-fac-report-s.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{interamericaninstituteforglobalchangeresearchndmicrosoft, author = {{Inter-American Institute for Global Change Research}}, title = {{Microsoft Word - FAC report 2016\_SP.docx}}, institution = {Inter-American Institute for Global Change Research}, url = {https://archive.iai.int/admin/site/sites/default/files/iai-ec-41-fac-report-s.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }