This document addresses: (a) The administrative budget update for the period from 1 November 2012 to 30 April 2013; (b) Projected total administrative budget expenditure for the period from 1 November 2012 to 31 December 2013; (c) The financial report of the Green Climate Fund Trust Fund as at 31 March 2013, prepared by the Interim Trustee (presented in Annex I).