40th Meeting of the Ramsar Standing Committee

03/04/2009
CONVENTION ON WETLANDS (Ramsar, Iran, 1971)
40th Meeting of the Standing Committee
Gland, Switzerland, 11-15 May 2009

DOC. SC40-6, rev. 1

Review of 2008 Core and projects income and expenditure

Action requested: The Standing Committee is invited to note the contents of this report and advise as appropriate.


1.      Attached to this note is the final draft of the audited financial statements for 2008.

2.      The following points are highlighted for the Standing Committee’s consideration:

  • Core incomes and expenditures are largely as budgeted.
  • A net deficit of CHF 62,000 is shown. It includes a large unrealised exchange loss (CHF 86,000), mainly on Euros held at 31 December 2008.
  • Having two Standing Committee meetings in 2008 has doubled this expenditure compared to budget.
  • Travel costs have been greater than budgeted due to rising travel costs and activity levels of Ramsar management.
  • 2008 non-core, project income was CHF 1,840,000, a fall of 9% over 2007. 2008 income includes CHF 957,000 generated for COP10. 2008 saw project expenditures of CHF 363,000 greater than income.
  • COP10 projects show a net deficit of CHF 34,000. In document SC40-7 we propose to cover this via the transfer from the unrealised Reserve Fund.
  • Strong cash and thus interest income in 2008 due to good collection of contributions and close cash management, with high year end external and IUCN creditor balances.


Please see four related Excel tables in attachment
.

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