This document presents a review of the 2015 administrative budget of the Green Climate Fund (GCF). It is based on actual expenditures relating to activities of the Board and the Secretariat for the period 1 January to 31 December 2015 and on estimated expenditures for the interim trustee. Please note that these numbers are unaudited.

For the year ended 31 December 2015, total expenditures amounted to 19.1 million United States dollars (USD) or 99 per cent of the approved budget of USD 19.3 million.

An over-expenditure of USD 0.2 million on Board expenditures has been offset by an underexpenditure of USD 0.4 million on Secretariat expenditures.

The document also introduces GCF’s unaudited financial statements as of 31 December 2015.