GAVI Alliance Audit and Finance Committee Mee ting
23 September 2011

AFC -2011 -Mtg -4a 1





GAVI Alliance Audit and Finance Committee Meeting
23 September 2011
Teleconference


FINAL MI NUTES

1. Chair?s report

1.1 Finding a quorum of members present, the meeting commenced at 16.02
Geneva time on 23 September 2011. 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 Boa rd pack). No further conflicts of interest were declared.

1.3 The Committee reviewed the minutes of its meeting on 29 July 2011 (Doc
#1b) .

1.4 The Committee noted the record of actions (Doc #1 c). The Secretariat
informed the Committee that the Board would shortly receive the 2010 Annual
Financial Report for consideration and, if though t fit, approval. The
Committee underst oo d that the timeline would result in the Report being
approved by early October 2011.

1.5 The Committee reviewed its forward workplan (Do c #1 d). It decided to move
its 27 October 2011 meeting to 28 October 2011 .

Decision One

The GAVI Alliance Audit and Finance Committee :

? Approved the minutes of its meeting on 29 July 2011.

---

2. Financial forecast and programme funding

2.1 Barry Greene, Managing Director of Finance and Operations and Tony
Dutson, Senior Director, Finance and Chief Accounting Officer informed the
Committee of the updated financial forecast for 2011 -2016, and requested
that the Committee review the financial i mplications of budgets and near -term
funding for GAVI programmes (Doc # 2). These requests derive primarily from