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GAVI Alliance Audit and Finance Committee Meeting
5 October 2012
AFC -2012 -Mtg -3 1




GAVI Alliance Audit and Finance Committee Meeting
5 October 201 2
Teleconference


FINAL M INUTES

1. Chair?s report

1.1 Finding a quorum of members present, the meeting commenced at 10.00
Washington time on 5 October 2012. 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
Com mittee pack).

1.3 The Committee noted the minutes of its meeting on 25 July 2012 (Doc 1b) ,
which were approved by no -objection on 27 August 2012. It also noted the
minutes of the decision taken by unanimous consent on 19 September 2012
to recommend the 2011 Annual Financial Report to the Board (Doc 1c).

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2. Financial forecast / Programme approvals ? unrestricted countries

2.1 Tony Dutson, Senior Director of Finance and Chief Accounting Officer,
informed the Committee of the updated financial forecast for 201 1-2020 . He
reported that the Secretariat intend ed to request from the Executive
Committee endorsement of programme budgets and approval of near -term
financial commitments from programme budgets (Doc 2).

2.2 During this section, he did not address budgets and financial commitments for
Myanmar and Sudan.

2.3 For the other countries , the Executive Committee will be asked to endorse a
net decrease to multi -year programme budgets in the amount of US$
95,415,236 and a net increase to near -term programme liabilities in the
amount of $ 823,194,105 . He confirmed the Secretariat?s assessment that
GAVI could make these approvals in accordance with the Programme
Funding Policy.

Discussion

? Indicative cash outflows increase substantially from 2012 to 2013, but then fall
in 2014. The increase is a result of a large number of new introductions of