FINANCIAL STATUS REPORT ACCOUNTING TO MAR. 31st, 2016 CONTRIBUTION STATUS TO APR 30th, 2016
Summary
The Inter-American Institute for Global Change Research (IAI) financial status report for the period ending March 31, 2016, details a core budget strained by significant unpaid country contributions, particularly from Brazil. While total revenues for the year reached US$ 1,374,328, the institute faces a total of US$ 1.33 million in uncollected contributions, forcing a reduction in discretionary spending and limiting new hiring.
Key insights
- The IAI is experiencing a significant shortfall in its core budget due to unpaid country contributions, totaling US$ 1.33 million in uncollected funds. Brazil is the primary contributor to this deficit, with unpaid contributions amounting to US$ 460,000 as of April 30, 2016, which is expected to rise to US$ 580,000 in the 2016/2017 fiscal year.
- Financial instability has forced the IAI to operate at approximately 80% of its approved budgeted expenses in recent years. Consequently, the Directorate's discretionary funds have been eliminated for the last four years, and the institute is currently unable to commit funds for new hiring.
- The IAI reports a total revenue of US$ 1,374,328 for the year, which is US$ 25,672 less than the approved contribution amount. As of March 31, 2016, actual expenses were 13.8% lower than the budget for the first nine months of the fiscal year.
- The institute notes specific payment behaviors among member countries: Mexico and Costa Rica have paid all pending contributions, and Peru has paid most of its pending amount. Conversely, Guatemala and the Dominican Republic have never paid contributions.
- The IAI's cash reserves as of March 2016 cover 3.8 months of operations, or 5.4 months if undisbursed funds from the US are included, which is a decrease from the previous year.
Cite the original document
- APA
- Inter-American Institute for Global Change Research (2016). FINANCIAL STATUS REPORT ACCOUNTING TO MAR. 31st, 2016 CONTRIBUTION STATUS TO APR 30th, 2016. https://archive.iai.int/admin/site/sites/default/files/iai-ec-41-financial-report-e.pdf
- Chicago
- Inter-American Institute for Global Change Research. FINANCIAL STATUS REPORT ACCOUNTING TO MAR. 31st, 2016 CONTRIBUTION STATUS TO APR 30th, 2016. 2016. https://archive.iai.int/admin/site/sites/default/files/iai-ec-41-financial-report-e.pdf.
- Wikipedia
- {{cite report |author=Inter-American Institute for Global Change Research |title=FINANCIAL STATUS REPORT ACCOUNTING TO MAR. 31st, 2016 CONTRIBUTION STATUS TO APR 30th, 2016 |date=June 2016 |url=https://archive.iai.int/admin/site/sites/default/files/iai-ec-41-financial-report-e.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{interamericaninstituteforglobalchangeresearch2016financial, author = {{Inter-American Institute for Global Change Research}}, title = {{FINANCIAL STATUS REPORT ACCOUNTING TO MAR. 31st, 2016 CONTRIBUTION STATUS TO APR 30th, 2016}}, institution = {Inter-American Institute for Global Change Research}, year = {2016}, month = jun, url = {https://archive.iai.int/admin/site/sites/default/files/iai-ec-41-financial-report-e.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
Full text
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