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GFO Issue 20,   Article Number: 4

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Board Decisions Regarding Administration

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Article Type:
Board decision
     Author:
Bernard Rivers
     Date: 2004-03-21

ABSTRACT

ABSTRACT 2004 budget Executive Director Secretariat staffing

    1. 2004 budget
The board approved the budget for 2004. This is for $52.7 million, of which $30.5 m. is for Secretariat expenses and $22.2 m. is for Local Fund Agent (LFA) fees. This is an increase of 66% from the $31.8 m. spent during 2003. The increase results primarily from the increase in the number of grants being administered.
    1. Executive Director
The board approved renewal of the employment contract for Richard Feachem as Executive Director of the Fund.
    1. Secretariat staffing
The board decided that an analysis will be conducted of Secretariat staffing and salaries prior to preparation of the 2005 budget.

Publication Date: 2004-03-21


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