Financial Summary

From 2016 to 2020, the MRC Secretariat’s overall income was USD 74,077,211, which included USD 68,941,781 for the MRC SP 2016–2020 (fund balance in 2015 of USD 6,508,461, and actual funds received of USD 62,433,320 during the period of 2016–2020), and USD 5,135,430 for the new MRC SP 2021–2025.

The fund balance at the end of December 2015 was: USD 6,508,461 including USD 788,721 for the Basket Fund (BF); USD 1,088,046 for the Earmarked Fund (EF); and USD 4,631,694 for the Administrative Reserve Fund (ARF). The income of USD 62,433,320 received during the MRC SP 2016–2020 included USD 43,758,550, or 70%, the Management and Administration Fee (MAF) and other sources. The BF accounted for most of the income USD 40,973,493, or 66%. The EF accounted for USD 14,682,996, or 23%; the EU for USD 6,233,771, or 10%; and the ARF for USD 543,059, or 1% of the total five-year income.

The total expenditure over the last five years was USD 56,284,668 against the projected budget of USD 65,000,000 of the MRC SP 2016–2020, equivalent to an overall 87% disbursement. However, based on the total accumulated budget per five-year AWPs of USD 86,082,315, the total expenditure represents about 65% of the total AWP budgets. The total expenditure consists of: USD 35,916,689, or 64% of the BF; USD 15,743,892, or 28% of the EF; USD 4,209,363, or 7% of the EU Fund; and USD 414,722, or 1% of the ARF.