Financial Analysis
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Financial Analysis |
This section presents a financial summary of the BCN Program to date and an analysis of the grantee budgets as originally submitted with their Implementation Grant proposals.Financial Summary -- 1996
Table 1 presents a financial summary of the BCN Program through the end of September 1996. The disbursements by major budget line item are presented by fiscal year. Of the total authorized amount of $20 million, obligations to date have totaled $15.62 million. Expenditures during fiscal year 1996 were $4.19 million. This represents an increase from the $3.26 million expended during fiscal year 1995. The increase in fiscal year 1996 expenditures was due to the increase in grant expenditure brought about by the award of the five new Implementation Grants during the year. All twenty of the grants have now been contracted.
During FY 1997, four of the BCN Implementation Grants contracts will end. While significant progress has been made in the development of these projects, BCN feel that these projects will fail to meet their overall monitoring objectives without continued funding. At this time, BCN does not have additional funds to support these projects beyond the end of their grant period.
Table 1. BCN Financial Summary
Disbursements Budget Item Authorized Amount1 Total Obligations To Date2 FY 1993
10/92-
9/93FY 1994
10/93-
9/94FY 1995
10/94-
9/95FY 1996
10/95-
9/96Total
Disbursements
To DateSalaries/Benefits 2,116,079 1,787,924 112,607 530,117 574,955 570,245 1,787,924 WWF Indirect Costs 1,464,633 1,085,978 84,821 350,808 346,788 303,561 1,085,978 Travel & Per Diem 640,542 372,865 3,841 127,650 134,437 106,937 372,865 Other Direct Costs 862,634 679,313 62,066 153,114 266,294 197,839 679,313 Tech.Assist./Advisory Grps 1,798,612 388,459 309 140,153 70,610 177,387 388,459 Small Grants 483,000 118,807 0 0 64,648 33,135 97,783 Grants 12,654,500 11,187,328 19,660 1,127,768 1,802,563 2,795,525 5,745,516 Total 20,000,000 15,620,674 283,304 2,429,610 3,260,295 4,184,629 10,157,838 Notes:
1 Original program was for five years; program now includes an 18-month no cost extension for 6.5 total years.
2 Expenses for salaries, indirect costs, travel, other direct costs, and technical assistance are disbursed through 9/96.
Expenses for grants are total Planning and Implementation Grants and Small Grants awarded through 9/96.
Analysis Of BCN Grantee BudgetsThe following pie chart displays the average allocation of BCN grantee budgets among six major categories. These categories and the costs that each include are:
- Biological monitoring: Staff time and travel to collect baseline biological data and conduct biological monitoring activities.
- Social monitoring: Staff time and travel to collect baseline social data and conduct social monitoring activities.
- Enterprise support: Enterprise monitoring, costs of subsidizing enterprise start-up activities such as materials and supplies, equipment, staff time and rent, and funds to be used as short term loans to project participants (credit funds) which are included in five of the grants.
- Enterprise capacity building: All training and technical assistance for the enterprise.
- NGO capacity building: Technical assistance and capacity building funds for activities directly related to the NGO and not targeted specifically for the enterprise.
- Overhead: Rent, utilities, and administrative support for the project team (including administrative staff salaries).
On average, as shown in Table 2, BCN grantees devote almost a third of their overall budget to biological and social monitoring.Table 2. Average and Range of Grantee Budget Allocations across the Categories
Category Average Minimum Maximum Biological Monitoring 19.1 % 4.2 % 19.1 % Social Monitoring 9.0 % 3.0 % 21.0 % Enterprise Support 27.8 % 7.4 % 65.0 % Enterprise Capacity 10.7 % 3.7 % 27.0 % NGO Capacity 12.1 % 1.0 % 26.7 % Overhead 21.4 % 3.8 % 41.0 % 
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