This document provides information on the execution of the GCF 2022 administrative budget for the period from 1 January to 28 February 2022 and the budget approved for the second performance review of GCF for the period from 10 June 2021 to 28 February 2022. Administrative expenditure relates to costs for Board activities, the independent units, the Secretariat and the Trustee. The figures in this document are unaudited.
As at 28 February 2022, total expenditure was USD 10.7 million against the annual budget of USD 100.6 million (11 per cent of the approved budget) and USD 0.1 million against the multi-year budget for the second performance review (9 per cent of the approved budget). These figures do not include commitments i.e., the contracts for consultants and professional services that are signed and GCF has committed for those but the services/good are not yet delivered by the vendor. During the year when the related services are performed/goods delivered, these would be reported as actual expenditure in the budget execution reports.
The unutilized budget of USD 89.9 million comprises USD 4.5 million for the Board, USD 10.3 million for the independent units, USD 72.1 million for the Secretariat, and USD 3.0 million for the Trustee.