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 30 September 2015 together with commitments and projected expenditures for the period 1 October to 31 December 2015.

For the nine-month period of 1 January to 30 September 2015, total expenditures on the Board and the Secretariat as well as estimated expenditures for the services of the Interim Trustee amounted to USD 13.1 million or 67% against a budget of USD 19.6 million.

For the full year to 31 December the Secretariat is projecting that the budget of USD 19.6 million will be fully utilized.