This document addresses the status of the administrative budgets for the periods: (a) From 1 November 2012 to 31 December 2013; and (b) From 1 January to 31 December 2014.

The report is prepared to provide the Board with a preliminary information on the actual expenditures as at the end of 2013. Although the amounts shown are based on the latest accounts of the United Nations Framework Convention on Climate Change (UNFCCC) and Global Environment Facility (GEF) secretariats and the Interim Trustee, they may be slightly adjusted at the time the final accounts are available.