This document provides information on the execution of the GCF 2022 administrative budget for the period from 1 January to 31 May 2022 and the budget approved for the second performance review of GCF for the period from 10 June 2021 to 31 May 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 31 May 2022, total expenditure was USD 29.1 million against the annual budget of USD 101.6 million (29 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 have been signed and committed to by GCF but where services/goods have not yet been delivered by the vendor. During the year when the relevant services are performed or goods delivered, these would be reported as actual expenditure in the budget execution reports.
The unutilized budget of USD 72.7 million comprises USD 3.3 million for the Board, USD 8.4 million for the independent units, USD 57.7 million for the Secretariat, USD 2.1 million for the Trustee and USD 1.2 million for the second performance review.