Programme Cooperation Agreement 2010 – 2011

10 Financial report

10.1 Programme funding 2010-2011 84 The accounting principles applied by GRID-Arendal have been modified. Henceforth, funding related to projects contracted (committed) in one year, but scheduled for implementation in the following year, will now be re- ported in the year of implementation. This is motivated by the need to invoice and record for the same year, and highlights the reality that many contracted projects re- quire more time than originally anticipated to commence implementation. Thus, MNOK 1.8 in UNEP funding se- cured in 2011 for projects scheduled for implementation in 2012, will be recorded in 2012. Corresponding funding from external sources is calculated to MNOK 10.0. The total funding profile is therefore significantly improved by the end of 2011 compared to 2010. Projected funding for the 2012 programme of work is robust.

played in Figure 3 and Table 1 below. Beyond the MoFA funding of MNOK 42.2 and the core funding of MNOK 9.0 from the Ministry of Environment (MoE), GRID-Arendal raised a total of MNOK 11.2 from UNEP and MNOK 24.1 from other external sources over the period, representing 41% of total funding. Environmental Assessments and Information and Polar and Cryosphere collectively raised a significant propor- tion of leveraged (external) funding (UNEP and external sources for these two areas totalled 54% of total fund- ing). The corresponding ratio for the Marine Programme is lower due to the stipulation that funding allocated to the UNEP Shelf Programme may not be leveraged. Nev- ertheless, external funding for the Marine Programme increased by 65% between 2010 and 2011 (i.e. from MNOK 3.1 to MNOK 5.1). As Figure 3 shows, the external contribution decreased from MNOK 12.4 in 2010 to MNOK 11.7 in 2011. UNEP funding decreased by 28% from MNOK 6.5 in 2010 to MNOK 4.7 in 2011, resulting in an overall decrease of 13% in external funding (or MNOK 2.5). However, the slight decrease needs to be understood in the context of the modified accounting principle described above (e.g. MNOK 1.8 in UNEP funding contracted in 2011 is recorded for 2012).

The distributions of GRID-Arendal’s funding sources by programme area during the period of 2010-2011 are dis-

84. For 2010-2011 the financial situation is reported for three programmes: Marine, Polar and Cryosphere, and Environmental Assessments and In- formation. Allocations and expenditures for Communications and Out- reach are included under Environmental Assessments and Information.

Figure 3: Actual 2010-11 funding by funding source (KNOK)

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