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GAVI Alliance Audit and Finance Committee Meeting
5 February 2013
AFC -201 3-Mtg -1 1




GAVI Alliance Audit and Finance Committee Meeting
5 February 201 3
Teleconference


FINAL MINUTES

1. Chair?s report

1.1 Finding a quorum of members present, the meeting comm enced at 16.00
Geneva time on 5 February 2013 . Wayne Berson, Audit and Finance
Committee Chair , chaired the meeting .

1.2 Standing declarations of interest were tabled to the Committee (Doc 1a in the
Committee pack). The Committee also reviewed its action sheet (Doc 1b) and
its forward workplan (Doc 1c ).

1.3 Tony Dutson, Senior Director Finance & Chief Accounting Officer noted that
the Secretariat was setting up a process to implement the Board -approved
Carry Forward Policy and would report on it at the Committee?s April 2013
meeting. In addition, he noted that the World Bank was assessing its external
audit arrangements and that the outcome would be reported to the Committee
during the April meeting. He also reported an early indication of the fi rm likely
to receive the appointment.

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2. Programme Funding Plan approval / IRC Recommendations

2.1 Tony Dutson reported that the Secretariat would request that the Executive
Committee endorse a net increase in programme budgets by US$
392,179 ,000 for 2013 -2017 and a pprove a net increase of near -term
programme liabilities (a sub -component of endorsed programme budgets) by
$226,675,000 for 2013 -2014 (Doc 2).

2.2 In addition, he noted that the EC would be asked to consider conditionally
endorsing a further net increase in programme budgets of $ 288,924,000 for
2013 -2016 and a further approval of near -term programme liabilities of up to
$199,310,000 for 2013 -2014. Funding for these progr ammes had been
recommended by the Independent Review Committee with conditions,
necessitating a further IRC review in March 2013. However, the EC was being
asked to endorse those programmes now, subject to the IRC reporting that its
own conditions had been met.