This document reports on the execution of the GCF 2019 administrative budget and multiyear budgets approved for the forward-looking performance review (FPR) and the first formal replenishment of the GCF for the period ending 30 April 2019. Administrative expenditure relates to costs for Board activities, the independent units, the Secretariat and the Trustee for the period 1 January 2019 to 30 April 2019. In addition, costs incurred for the FPR and the first formal replenishment of the GCF between 1 October 2018 and 30 April 2019 are included. The numbers are unaudited.

As at 30 April 2019, total expenditure was USD 21.1 million for annual budgets (26 per cent of the approved budget) and USD 0.4 million for multi-year budgets (20 per cent of the approved budget). These figures do not include the commitments, that is, costs for which an obligation to pay exists (e.g. signed contracts). The commitments are included in the budget execution report when the related services are performed.

The budget balance of USD 60.6 million comprises USD 2.6 million for the Board; USD 6.3 million for the independent units; USD 48.6 million for the Secretariat; USD 1.4 million for the Trustee; USD 0.6 million for the FPR; and USD 1.1 million for replenishment.