Financing Work Programme
Why a trust fund?
In establishing the IFCS, governments recognized and agreed that it would have to be financed through voluntary extra-budgetary contributions. The reasons for the Trust Fund method of financing the Forum were:
- openness to voluntary rather than assessed contributions.
- provision for flexibility in funding by enabling surpluses or deficits from one accounting period to the next.
- acceptance of non-governmental monies as contributions.
- no minimum or maximum limits for contributors.
The day-to-day administrative and operational expenses of the IFCS including events (workshops, conferences) and meetings, Secretariat support staff salaries, publications and mailings, supplies, and other office operating costs are covered by the Trust Fund.