FINANCIAL STATUS REPORT ACCOUNTING TO FEB. 28th, 2017 CONTRIBUTION STATUS TO APR 30th, 2017

The Inter-American Institute for Global Change Research (IAI) reported a strengthened financial position as of April 30, 2017, with cash balances 179.8% higher than the previous year. While total revenues reached US$1,424,975, the institute faces ongoing challenges with unpaid contributions from some member countries, totaling US$1.31 million. Budget performance through February 2017 showed expenses 13.1% lower than the budget, though salaries were higher than expected. Administratively, the IAI implemented new accounting software and continues to work toward the full implementation of Tripartite Agreements in Argentina and Brazil.

• As of April 30, 2017, the IAI collected US$1,424,975 in total revenues, which is US$24,975 over the approved budget. The institute expects total collections to reach US$1,800,000 once all funds from the National Science Foundation (NSF) are requested.
• The IAI's financial position has improved, with cash reserves covering 7.5 months of operations, up from 3.8 months the previous year. If undisbursed US funds are included, coverage extends to 11.0 months. This improvement is attributed to arrears payments, particularly from Brazil, and the advance request of Program Funds from the NSF.
• Despite overall revenue growth, US$1.31 million in contributions remain uncollected. Specifically, Guatemala and the Dominican Republic have never paid contributions, while other major contributors have not paid full amounts.
• For the period ending February 28, 2017, actual expenses were 13.1% lower than the budget. Salaries and benefits exceeded expectations by 6.7% due to consultant salaries and staff adjustments, while travel and training expenses were 50.6% lower than budgeted.
• Administrative progress includes the full implementation of a new accounting and information management software and the functional operation of offices in Montevideo. However, the Tripartite Agreement remains only partially implemented in Argentina and has not been implemented in Brazil.

APA

Inter-American Institute for Global Change Research (2017). FINANCIAL STATUS REPORT ACCOUNTING TO FEB. 28th, 2017 CONTRIBUTION STATUS TO APR 30th, 2017. https://archive.iai.int/admin/site/sites/default/files/ec-43-financial-report-e.pdf

Chicago

Inter-American Institute for Global Change Research. FINANCIAL STATUS REPORT ACCOUNTING TO FEB. 28th, 2017 CONTRIBUTION STATUS TO APR 30th, 2017. 2017. https://archive.iai.int/admin/site/sites/default/files/ec-43-financial-report-e.pdf.

Wikipedia

{{cite report |author=Inter-American Institute for Global Change Research |title=FINANCIAL STATUS REPORT ACCOUNTING TO FEB. 28th, 2017 CONTRIBUTION STATUS TO APR 30th, 2017 |date=June 2017 |url=https://archive.iai.int/admin/site/sites/default/files/ec-43-financial-report-e.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{interamericaninstituteforglobalchangeresearch2017financial, author = {{Inter-American Institute for Global Change Research}}, title = {{FINANCIAL STATUS REPORT ACCOUNTING TO FEB. 28th, 2017 CONTRIBUTION STATUS TO APR 30th, 2017}}, institution = {Inter-American Institute for Global Change Research}, year = {2017}, month = jun, url = {https://archive.iai.int/admin/site/sites/default/files/ec-43-financial-report-e.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }