Budget Reform Strategy - August 2022 - strategy and financial budgeting reforms

Sep 11, 2026

Uploaded by Violet

Budget Reform Strategy sets out how the Budgetary Sub-committee and the Secretariat will strengthen IWC budgeting and financial management through proactive, costed budgets aligned to Commission priorities. It defines key principles for balanced budgets, four-year budget planning, zero-based budgeting and consistently costed work plans, while improving audit trails, transparency, and cash-equivalent reserve management. It also proposes implementation steps, including fundraising and a mid-biennium budget approach, supported by updated Financial Regulations and annex templates.

LanguageEnglish

CategoryPresentations

FormatPDF

Pages39

Reading Time14 min

AccessFree to download

Introduction

Principles

Budget Preparation

Modern Budgeting and Financial Management

Implementation

Proposed timeline

Annexes

ANNEX A – Revised Financial Regulations

ANNEX B – Management of Voluntary Funds

ANNEX C – Template for Costing: Subsidiary Body Work Plans; Research and Project Proposals

ANNEX D – Template for Costing: Workshops and Training Events

ANNEX E – Cover Sheet: Resolutions/Schedule Amendments

BUDGET REFORM STRATEGY August 2022 Budgetary Sub-committee Table of Contents Introduction ............................................................................................................................................ 2 Principles ................................................................................................................................................. 3 Budget Preparation ................................................................................................................................. 3 Balanced Budgets ............................................................................................................................ 3 Four-year budget planning ............................................................................................................. 3 Aligning Scientific Committee budget and work cycles .................................................................. 4 Zero-based budgets ........................................................................................................................ 4 Consistently costed work plans for subsidiary bodies .................................................................... 4 Consistently costed Commission proposals .................................................................................... 4 Modern Budgeting and Financial Management ..................................................................................... 5 Clear audit trails .............................................................................................................................. 5 Spend core funds in corresponding year ........................................................................................ 5 Roles, responsibilities and accountability ....................................................................................... 5 Transparency & independent audit ................................................................................................ 5 Maintaining minimum cash-equivalent reserves............................................................................ 5 Development of a Treasury Management Strategy........................................................................ 5 Varying budgets mid-biennium....................................................................................................... 6 Raising Money......................................................................................................................................... 6 Fundraising ...................................................................................................................................... 6 Voluntary funds............................................................................................................................... 6 Implementation ...................................................................................................................................... 7 Proposed timeline ........................................................................................................................... 7 ANNEX A – REVISED FINANCIAL REGULATIONS .................................................................................... 8 ANNEX B – MANAGEMENT OF VOLUNTARY FUNDS ........................................................................... 27 ANNEX C – TEMPLATE FOR COSTING: SUBSIDIARY BODY WORK PLANS; RESEARCH AND PROJECT PROPOSALS......................................................................................................................... 30 ANNEX D – TEMPLATE FOR COSTING: WORKSHOPS AND TRAINING EVENTS ................................... 34 ANNEX E – COVER SHEET: RESOLUTIONS/SCHEDULE AMENDMENTS ............................................... 38 Introduction The report of the independent review of the Commission’s institutional and governance arrangements recommended that “a mo

FAQs

What is the main purpose of the Budget Reform Strategy?

To improve how the Commission develops budgets and manages finances by adopting a more strategic, transparent, and costed approach aligned with Commission-set priorities.

How will the Commission ensure balanced budgets?

The Commission will always set a balanced budget, and if additional expenditure is required, extra funds must be raised or equivalent savings made before approval.

What budgeting approach will be used for planning horizons?

The Commission will plan its budget over four years instead of two, with a four-year cycle structured as described in the accompanying outline.

Sep 11, 2026

Uploaded by Violet