GFO Issue 20,
Article Number:
4
Board Decisions Regarding Administration
N/A
Article Type:
Board decision
Author:
Bernard Rivers
Date:
2004-03-21
ABSTRACT
ABSTRACT
2004 budget
Executive Director
Secretariat staffing
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- 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.
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- Executive Director
The board approved renewal of the employment contract for Richard Feachem as Executive Director of the Fund.
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- 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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