Approved work programme and budget for 2011, 6-9 September, 2010, Madang, Papua New Guinea

Abstract

The Work Programme and Budget (WP&B) is prepared in accordance with the requirements of the SPREP Financial Regulations and is expressed in USD. The Secretariat proposes a balanced budget of anticipated income and expenditure of US$11,550,052. This is the second year that the SPREP budget summary is using a revised format which follows that used by the Secretariat of the Pacific Community and the Pacific Islands Forum Secretariat, which links the sources of funding to the core and programme budget components. The revised budget for 2010 accounts for the actual revenue and expenditure for the six months to 30 June 2010, and the predicted revenue and expenditure to December 2010. The 2011 WP & B is aligned with the 2004-2013 Strategic Programmes and the current (2005-2009) Action Plan, which is scheduled to be replaced by a new 2011-2015 Strategic Plan. It is also anticipated that the Secretariat will receive multi-year rather than annual funding from 2012. In this context, the 2011 WP & B is a transitional one.