PROPOSED IHO WORK PROGRAMME AND BUDGET FOR 2016

IHB File No. FO/592/16 S1/1001/WP FINANCE COMMITTEE CIRCULAR LETTER 2/2015 4 August 2015 PROPOSED IHO WORK PROGRAMME AND BUDGET FOR 2016 References: A. IHO Financial Regulations, Article 8 - (b) B. IHO Resolution 12/2002 as amended - Planning Cycle C. IHO Resolution 1/2014 - Guiding Principles for IHO Funds D. XVIIIth International Hydrographic Conference - Decision 18 - Approval of the 5-Year Work Plan E. XVIIIth International Hydrographic Conference - Decision 21 - Approval of IHO 5-Year Budget 2013-2017 F. 5th Extraordinary International Hydrographic Conference - Decision 2.6 - Technical Capacity of the International Hydrographic Bureau G. IHO Publication P-7 - IHO Annual Report 2014 - Part 2 - Finances, paragraphs 1 to 17 Dear Finance Committee Member, Introduction 1. The proposed budget for 2016 is submitted to the Finance Committee for comment in accordance with the requirements of Reference A and the timetable set out in Reference B. The proposed budget is shown in Annex A. It includes a forecast of incomes and expenditures for the various IHO funds in accordance with Reference C. 2. The Directing Committee has based the budget for 2016 on its proposed 2016 work programme, which, in turn, is guided by the IHO five-year work plan and budget approved by the XVIIIth International Hydrographic Conference (References D and E) together with the progressive adjustments that are approved annually by the Member States when each year’s work programme and budget is approved. Draft Work Programme for 2016 3. The proposed IHO work programme for 2016 is arranged under the three IHO programmes. While Members of the Finance Committee are not required to review the proposed work programme for 2016, it is nevertheless integral to the budget, which is why it is referenced in this letter. The proposed work programme for 2016, in English only, is available on the IHO website at: Home > About IHO > IHO Work program. 4. For each element of the work programme, the most relevant strategic directions are shown. The proposed work programme also contains, where possible, remarks identifying the key deliverables expected in 2016, together with any significant risks to delivery, where they have been identified by the relevant bodies. Budget Adjustments 5. In proposing the budget for 2016 the Directing Committee has provided sufficient funding to enable the recruitment of a permanent Technical Standards Support Officer. This addresses the requirement expressed by Member States at the 5th Extraordinary International Hydrographic Conference (EIHC-5) (see Reference F) to provide consistent secretariat support for IHO technical standards, particularly IHO standard S-100 and its associated registry. EIHC-5 Decision 2.6 stipulates “…that the recruitment of an IHB staff member to undertake the duties of S-100 Registry should be given priority as soon as an opportunity occurs.” 6. The Directing Committee has also made a provision in the budget to supplement the Internal Retirement Fund in order to ensure that there will be sufficient investment capital in the fund to support all IHO pension obligations for retired and retiring staff. This addresses the recently discovered case (see Reference G) where the IHO has an obligation to provide a pension of similar value to a pension under the Monaco Caisse autonome des retraites (CAR) system in the case that the commercially-based IHO personalized retirement plans are worth less than the CAR system at the time of retirement. 7. The necessary increases in the personnel support chapter of the budget to support the above requirements have been achieved through a combination of a larger expected income for 2016 based on increases in reported tonnages and the addition of new Member States, the 1% increase in the share value approved by Member States in the five-year budget, no growth in expenditure on travel, less than anticipated salary costs due to the retirement of some senior staff and replacement by others at less cost, and a release of some contract support funds - since this expense is now covered by the Special Projects Fund. Key Points 8. Attention is drawn to the following points in relation to the budget being proposed for 2016: Share Value a. The share value for membership contributions, as forecast in the approved 5-year budget 2013-2017, has been increased by 1%, to 4 024.32€. This is an increase of 39.84€ per share. b. The budget being proposed for 2016 takes into account a net increase of shares compared to the number of shares forecast in the five-year budget (737 shares rather than the forecast of 694 shares) and an increase in shares compared to 2015 (there were 715 shares in 2015). This is due to changes in declared tonnages, and the addition of three new Member States not forecast in the five-year budget. The forecast contribution income for 2016 is 2,965,924€. This is 173,043€ more than the figure approved in the five-year budget forecast and 117,021€ more than the approved budget for 2015. c. Taking into account all forms of income, the total forecast income for 2016 is 3,206,924€. This is 182,467€ (6%) more than the figure in the five-year budget forecast. Travel d. The overseas travel component of the budget has been maintained at the same level as 2015. This has been achieved by the Directing Committee continuing its policy of not attending all intergovernmental and other international meetings in which the IHB has participated in the past. In addition, some savings are anticipated from proposed changes to the Staff Regulations that more closely align IHB travel reimbursement rules with the UN Common System. In some cases, it may be possible that Member States where international meetings are taking place will be willing to represent the IHO. Medical Cover for Staff and Retirees e. The costs associated with medical cover for Staff and retirees are an estimate based on the latest figures for 2015. -2- Contributions to Retirement Plans f. 30k€ has been included in the total value of the Chapter on personnel costs in anticipation of proposed changes to the Staff Regulations that more closely align the pension rights of Locally Recruited IHB staff with the Monaco Civil Service and include all salary components in the pensionable salary. This will result in an increase in the employer contribution paid by the IHO through the Chapter on personnel costs as well as an increased personal contribution made by the relevant Members of Staff. Provision for a Technical Standards Support Officer g. The Chapter on personnel costs includes 80k€ to enable the recruitment on a permanent basis of a Technical Standards Support Officer. 80k€ represents the total cost (salary, allowances, medical cover, and pension) for this position. The establishment of this position has been consistently supported by the Hydrographic Services and Standards Committee (HSSC) and acknowledged by Member States at the 5th Extraordinary International Hydrographic Conference in October 2014. The Directing Committee intends to seek Member States approval to establish this urgently required position as part of the submission of the budget for 2016, in accordance with the Staff Regulations (article II.2.1(b)). IHO Funds h. Internal Retirement Fund (IRF). As indicated in paragraphs 13 to 17 of the Finance Report for 2014 (see Reference G), the Directing Committee has realized that the IHO has provided a long-standing option for some Locally Recruited Staff to choose a pension from their commercial personalized retirement plan contract or, in the case that the pension from the personalized retirement plan is worth less than the value of a similar pension under the Monaco Caisse autonome des retraites (CAR) system at the time of retirement, they may opt to allocate the capital in their personalized retirement plan to the IHO and draw a pension at the CAR rate from the IHO instead. In the current era of extremely low investment rates, this has placed an increased financial liability on the IHO since it is, in effect, underwriting any failure of the commercially-based personalised retirement plans. Accordingly, a provision of 65k€ is being proposed for the IRF to increase the capital required in the fund to meet its potential liabilities. This figure also anticipates consequential changes to the Staff Regulations that would underwrite the pensions of all relevant Locally Recruited Staff in addition to those currently affected. i. Renovation and Enhancement Fund, Relocation Fund. The assets in the Renovation and Enhancement Fund, the Relocation Fund are sufficient to meet all anticipated requirements. Accordingly, the Directing Committee considers that there is no requirement to allocate additional monies to these funds in 2016. j. Conference Fund. The Directing Committee proposes to allocate the sum of 20k€ to the Conference Fund, as forecast in the approved five-year budget. k. ABLOS Fund. The ABLOS Fund supports the biennial ABLOS Conference. It is maintained directly from the attendance fees levied for ABLOS Conferences. No allocation from the IHO budget was forecast in the five-year budget and none is required in 2016. l. Capacity Building Fund. Expenditure from the Capacity Building Fund will be in accordance with the Capacity Building Work Programme for 2016 that will be promulgated shortly together with the report of the 13th meeting of the Capacity Building Sub Committee. m. Presentation Library and Special Projects Funds. Expenditures from the Presentation Library and Special Projects Funds will be in accordance with the work plan of the HSSC to be considered and approved at the 7th meeting of the Committee in November 2015. They will contribute mainly to the on-going development of the S-100 series of standards and related activities. -3- Budget Proposal 9. Given a forecast total income for 2016 of 3,206,924€, the Directing Committee proposes a budget expenditure of 3,206;650€, as indicated below: Forecast in Proposed Approved in five-Year for 2016 Remarks 2015 budget budget budget Recruitment of one staff Chapter I Personnel Costs: 2,334,833 2,319,000 2,433,850 and increase in retirement contributions Current Decrease in contract Chapter II 542,400 579,100 563,100 Operating Costs: support Reduction in Chapter Capital 34,300 26,500 depreciation due to III Expenditure: ageing of assets 63,200 Chapter Asset allocation 25,000 25,000 IV Allocation to Chapter V 83,700 103,200 158,200 65 k€ provision for IRF funds: Total Expenditure: 3,024,133 € 3,060,600 € 3,206,650€ Long-term Outlook 10. The IHO financial outlook continues to remain healthy. Fortunately, the steady increase in new Member States and increases in tonnages in recent years, together with economies that have already been made, has meant that the consequent increase in funds available has been able to meet increases in costs and new commitments. While the financial or political situation in some Member States means that there is always the threat of late or non-payment of annual contributions, the IHO financial situation remains healthy with sufficient reserves always available in the event of any short-term difficulties arising. In the view of the Directing Committee the financial situation and the outlook for the future remain good. Action Required 11. Members of the Finance Committee are requested to review Annex A and to provide their comments, if any, to the IHB before 12 September 2015. -4- 12. After taking into account any comments received from the members of the Finance Committee, the IHO Work Programme and Budget for 2016 will be presented to Member States by circular letter in October for their consideration and approval. On behalf of the Directing Committee Yours sincerely, Robert WARD President Copied to: Ms Muriel NATALI-LAURE (Monaco), FC Chair Mr Andrew MILLARD (UK), FC Vice-Chair Annex: A. Proposed budget details for 2016 (bilingual English and French) -5- Annex A to FCCL 02/2015 Annexe A à la LCCF 02/2015 PROPOSED BUDGET FOR 2016 PROJET DE BUDGET POUR 2016 TABLE 1 TABLEAU 1 PROPOSED IHO BUDGET DETAILS FOR 2016 PROJET DETAILLE DE BUDGET DE L'OHI POUR 2016 SUMMARY RECAPITULATIF 5-Year Budget Approved Proposed Difference Chapters and Items budget budget (2016) 2015 2016 2016 - 2015 Budget Chapitres et postes budgétaires Budget Budget Différence quinquennal approuvé révisé Nouveaux Etats membres: Brunei, Georgie, New Member States: Brunei, Georgia, Vietnam and Number of shares - Nombre de parts 726 748 22 Vietnam et ajustement de tonnages tonnage adjustments Provision for suspended Member States -11 -11 Provision pour Etats membres suspendus 694 Final number of shares 715 737 22 Nombre de parts définitif (Euros) (Euros) (Euros) (Euros) 3 024 457 Income - Revenus 3 062 403 3 206 924 144 521 3 024 133 Net Expenditure - Dépenses nettes 3 060 600 3 206 650 146 050 ------------ ------------ ------------ 324 Budget Excess/Deficit - Excédent/Déficit budgétaire 1 803 274 ------------ ------------ ------------ 324 Effect on capital - Effet sur le capital 1 803 274 =========== =========== =========== 1  TABLE 2 TABLEAU 2 INCOME REVENUS 5-Year Budget Approved Proposed Difference Chapters and Items budget budget (2016) 2015 2016 2016-2015 Commentaires Comment Budget Chapitres et postes budgétaires Budget Budget Différence quinquennal approuvé révisé (Euros) (Euros) (Euros) (Euros) Augmentation de la valeur de la part 1% + Increase 1% value of share + new MS + tonnage 2 792 881 CONTRIBUTIONS 2 848 903 2 965 924 117 021 adjustments nouveaux Etats Membres + ajustement tonnages Contributions SALES OF PUBLICATIONS 0 1 500 Ventes de publications INTEREST ON BANK ACCOUNTS 40 000 60 000 20 000 Basé sur l'intérêt perçu en 2014 Based on interest accrued in 2014 40 000 Intérêts sur comptes en banques EXTRAORDINARY INCOME 8 200 Revenus exceptionnels INTERNAL TAX 181 876 173 500 181 000 7 500 Recrutement d'une personne supplémentaire Recruitment of one additional staff Imposition interne ---------- ---------- ---------- 3 024 457 3 062 403 3 206 924 144 521 ========== ========== ========== 2  TABLE 3 TABLEAU 3 DETAILED EXPENDITURE DETAIL DES DEPENSES 5-Year Budget Approved Proposed Difference Chapters and Items budget budget (2016) 2015 2016 2016-2015 Commentaires Comment Budget Chapitres et postes budgétaires Budget Budget Différence quinquennal approuvé révisé Chapter 1 - Personnel Costs Chapitre 1 - Dépenses de personnel (Euros) (Euros) (Euros) (Euros) Variation due à l'augmentation de salaires pour les Salary increase due to the directors after 3 years in 478 663 Salaries - Directing Committee - Salaires - Comité de direction 474 000 485 000 11 000 directeurs (après 3 ans) office 617 168 - Category A - Personnel de catégorie A 575 000 575 000 0 142 962 - Translators - Personnel de traduction 220 000 210 000 -10 000 Changement de traductrice Change of translator 479 088 - General Services (B & C) - Services généraux (B & C) 425 000 490 000 65 000 Recruitement d'une personne supplémentaire Recruitment of one additional staff 6 192 Overtime for B & C Categories - Heures suppplémentaires pour les catégories B et C 6 500 6 500 0 Costs dependent on Salaries - Coûts liés aux salaires 39 924 Annual Bonus (B & C Categories) - Gratification annuelle (catégories B & C) 33 500 38 700 5 200 Recruitement d'une personne supplémentaire Recruitment of one additional staff Recruitement d'une personne + augmentation des Recruitment of one staff+ increase in pensionable 351 186 Payment to Retirement schemes - Cotisation patronale de retraite 352 000 395 650 43 650 contributions retraites salary 16 650 Insurances based on wages - Assurances assises sur salaires 17 000 17 000 0 Augmentation des cotisations pour un meilleur Increase of contributions in order to receive better 70 000 Medical (GAN premiums) - Primes médicales versées au GAN 80 000 110 000 30 000 remboursement reimbursement 11 000 Family Allowances - Allocations familiales 18 000 18 000 0 35 000 Education Grants - Allocations pour frais d'études 25 000 25 000 0 Costs independent of Salaries - Autres charges indépendantes des salaires 85 000 Medical claims paid - Remboursements de soins 85 000 90 000 5 000 Recruitement d'une personne Recruitment of one staff -35 000 Medical refunds from GAN - Remboursements médicaux du GAN -30 000 -60 000 -30 000 Augmentation des remboursements Increase of reimbursements Home rental - Indemnité de logement 13 000 7 000 -6 000 Allocation versée à une seule personne Allocation for one staff member instead of two 15 000 Home Leave - Congés dans les foyers 15 000 15 000 0 12 000 Miscellan. Personnel Expenses - Autres dépenses de personnel 2 000 3 000 1 000 exceptionnelle Provision for exceptional performance bonus Controllable Personnel costs - Coûts de personnel modulables 2 000 Salaries - Temporary staff - Personnel temporaire 1 000 1 000 0 8 000 IHB Staff training - Formation du personnel du BHI 7 000 7 000 0 ---------- ---------- ------------ 2 334 833 TOTAL CHAPTER I - TOTAL CHAPITRE I 2 319 000 2 433 850 114 850 3 5-Year Budget Approved Proposed Difference Chapters and Items budget budget (2016) 2015 2016 2016-2015 Commentaires Comment Budget Chapitres et postes budgétaires Budget Budget Différence quinquennal approuvé révisé Chapter II - Current Operating Costs Chapitre II - Dépenses de gestion courante Maintenance, communications, etc - Entretien, communications, etc (Euros) (Euros) (Euros) (Euros) 50 000 Maintenance of building - Entretien des locaux 42 000 42 000 0 2 700 Multirisk insurance - Assurance multi-risques 3 000 3 000 0 50 000 Maintenance of IT equipment - Entretien des équipements 60 000 60 000 0 10 000 Office Stationery - Fournitures de bureau 10 000 8 000 -2 000 Basé sur l'historique des dépenses Based on historical expenditure 40 000 Postage, telephone, telefax - Courrier, télécommunications 34 000 34 000 0 3 300 Local Travel - Déplacements locaux 1 500 1 500 0 6 000 Bank Charges - Frais bancaires 6 000 7 000 1 000 Basé sur l'historique des dépenses Based on historical expenditure Diminution pour absorber l'augmentation des Cut back to cover increase in retirement 61 000 Contract support - Support contractuel 25 000 10 000 -15 000 contributions retraites contributions 4 400 Auditors fees - Honoraires du commissaire aux comptes 8 000 8 000 0 15 000 Public Relations - Relations publiques 12 000 12 000 0 1 000 Miscellan. Operating Expenses - Autres charges d'exploitation 1 000 1 000 0 Travel costs - Frais de déplacements Conformément aux besoins recensés par le CBSC Based on requirements identified by the CBSC for 50 000 Technical Assistance (CB) - Assistance technique (CB) 50 000 50 000 0 pour 2016 2016 Conformément aux prévisions du projet de Based on the projections of the draft proposed IHO 235 000 Long Distance - Grands déplacements 265 000 265 000 0 programme de travail OHI pour 2016 work programme for 2016 Publications costs - Frais de publications 12 000 I.H. Review - Revue hydrographique internationale 10 000 10 000 0 2 000 Other publications - Autres publications 1 600 1 600 0 Provision for bad debts - Provisions pour créances douteuses 50 000 50 000 0 ---------- --------- ------------ 542 400 TOTAL CHAPTER II - TOTAL CHAPITRE II 579 100 563 100 -16 000 4  5-Year Budget Approved Proposed Difference Chapters and Items budget budget (2016) 2015 2016 2016-2015 Commentaires Comment Budget Chapitres et postes budgétaires Budget Budget Différence quinquennal approuvé révisé Chapter III - Capital Expenditure Chapitre III - Dépenses d'équipement (Euros) (Euros) (Euros) (Euros) 30 000 Purchase of IT equipment - Equipements informatiques 8 000 8 000 0 12 000 Furniture & other equipment - Mobilier et autres équipements 3 000 3 000 0 1 200 Purchase Publications & Binding - Reliures et publications 1 300 500 -800 20 000 Depreciation of fixed assets - Dépréciation des immobilisations 22 000 15 000 -7 000 immobilisations Reduction due to ageing of assets ---------- --------- ------------ Allocation séparée désormais en 2 parties: Allocation now separated in two parts: chapters III 63 200 TOTAL CHAPTER III - TOTAL CHAPITRE III 34 300 26 500 -7 800 chapitres III et IV and IV ============== ============================================================== ============== ============== 2 940 433 Annual Operating Costs - Coût opérationnel annuel 2 932 400 3 023 450 91 050 ============== ============================================================== ============== ============== Chapter IV - Asset Allocation Chapitre IV - Immobilisations (Euros) (Euros) (Euros) (Euros) Purchase of IT equipment - Equipements informatiques 15 000 15 000 0 Furniture & other equipment - Mobilier et autres équipements 10 000 10 000 0 25 000 25 000 0 Chapter V Allocation to Funds Chapitre V Dotations aux fonds dédiés (Euros) (Euros) (Euros) (Euros) 8 200 GEBCO Fund - Fonds pour la GEBCO 8 200 8 200 0 3 000 Renovation and Enhancement Fund - Fonds de rénovation et d'amélioration 0 0 0 20 000 Conference Fund - Fonds pour les conférences 20 000 20 000 0 7 500 Relocation Fund - Fonds pour les déménagements 0 0 0 45 000 Capacity Building Fund - Fonds pour le renforcement des capacités 45 000 45 000 0 Special Project Fund - Fonds pour les projets spéciaux 30 000 20 000 -10 000 Engagements supplémentaires liés au plan de Increased obligation in connexion with Personalized Internal Retirement Fund - Fonds de Retraite Interne 65 000 65 000 retraite externe (NSM) Pension Plan (NSM) ---------- --------- ------------ 83 700 TOTAL CHAPTER V - TOTAL CHAPITRE V 103 200 158 200 146 050 ------------ ------------ ------------ 3 024 133 TOTAL EXPENDITURE - Dépense totale 3 060 600 3 206 650 ============ ============ ============ 5  TABLE 3A TABLEAU 3A SUMMARY OF EXPENDITURE RECAPITULATIF DES DEPENSES 5-Year Budget Approved Proposed Difference Chapters and Items budget budget (2016) 2015 2016 2016-2015 Commentaires Comment Budget Chapitres et postes budgétaires Budget Budget Différence quinquennal approuvé révisé (Euros) (Euros) (Euros) (Euros) PERSONNEL COSTS DEPENSES DE PERSONNEL 2 334 833 Salaries Directing Committee - Salaires Comité de direction 2 319 000 2 433 850 114 850 Recrutement d'une personne et augmentation des Recruitment of one staff and increase in retirement Salaries Other staff - Salaires autres membres du personnel contributions retraites contributions Social charges - Charges sociales Benefits and Pensions - Prestations de retraite Controllable Personnal cost - Coûts de personnel modulables 542 400 CURRENT OPERATING COSTS 579 100 563 100 -16 000 Diminution du support contractuel pour absorber le Cut back on contract support to absorb the increase DEPENSES DE GESTION COURANTE coût des contributions de retraites in retirement contributions Maintenance, communications, etc.. - Entretien et communications Contract support - Support contractuel Travels - Déplacements Publications - Publications 63 200 CAPITAL EXPENDITURE 34 300 26 500 -7 800 Diminution des dépréciations due au vieillissement Reduction of depreciation due to ageing of assets DEPENSES DE CAPITAL des immobilisations ASSET ALLOCATION 25 000 25 000 0 IMMOBILISATIONS ALLOCATIONS TO FUNDS DOTATIONS AUX FONDS DEDIES 8 200 GEBCO Fund - Fonds pour la GEBCO 8 200 8 200 0 3 000 Renovation and Enhancement Fund - Fonds de rénovation et d'amélioration 0 0 0 20 000 Conference Fund - Fonds pour les conférences 20 000 20 000 0 7 500 Relocation Fund - Fonds pour les déménagements 0 0 0 45 000 Capacity Building Fund - Fonds pour le renforcement des capacités 45 000 45 000 0 Special Projects Fund - Fonds pour les projets spéciaux 30 000 20 000 -10 000 Engagements supplémentaires liés au plan de Increased obligation in connexion with Personalized Internal Retirement Fund - Fonds de Retraite Interne 65 000 65 000 retraite externe (NSM) Pension Plan (NSM) ---------- --------- ------------ 3 024 133 Net Expenditure - Dépenses nettes 3 060 600 3 206 650 146 050 6 Appendix - Funds Appendice - Fonds Funds available Anticipated Expected Proposed Anticipated Approved beginning of Funds available income in Expenditure for Funds remaining budget for 2015 V - FUNDS 2015 at end 2015 2016 2016 at end of 2016 Budget Commentaires Comments V - FONDS Fonds Fonds prévus Revenus Propositions de Fonds prévus approuvé pour disponible disponibles à la prévus en dépenses pour restants à la fin 2015 début 2015 fin 2015 2016 2016 2016 L'allocation inclut la subvention Allocation includes the contribution reçue de Monaco. from Monaco. GEBCO FUND Budget 2016 pas encore présenté 2016 budget not yet submitted by 175 328,00 25 000,00 150 328,00 16 500,00 10 000,00 156 828,00 FONDS POUR LA GEBCO par le comité directeur GEBCO - GEBCO Guiding Committee - dépenses estimées sur la base estimated expenditure based on des années précédentes previous years Le budget approuvé pour 2015 est The approved budget for 2015 is an l'estimation du surplus minimum estimate of the minimum excess ABLOS CONFERENCE FUND de la conférence ABLOS de 2015. income from the ABLOS 2015 98,88 -3 000,00 3 098,88 0,00 0,00 3 098,88 FONDS POUR LA CONFERENCE ABLOS Aucune dépense n'est prévue en Conference. No expenditure is planned 2016 sauf en cas de surplus in 2016 except in case of excess supérieur à 3 000 euros income greater than 3 000 euros RENOVATION AND ENHANCEMENT FUND Pas de besoin de dotation en 80 489,46 0,00 80 489,46 0,00 0,00 80 489,46 No requirement to add to fund in 2016 FONDS DE RENOVATION ET D'AMELIORATION 2016 CONFERENCE FUND Conférence ou Assemblée en 340 357,99 0,00 340 357,99 20 000,00 0,00 360 357,99 Conference or Assembly in 2017 FONDS POUR LES CONFERENCES 2017 Les dépenses éventuelles à Eventual expenditures to be approved approuver par le HSSC devraient PRESENTATION LIBRARY FUND FONDS POUR LA by HSSC should be balanced by the 42 974,00 27 695,00 15 279,00 0,00 0,00 15 279,00 être équilibrées par les ventes de BIBLIOTHEQUE DE PRESENTATION income from the sales of new editions la nouvelle édition de la of the S-52 Presentation Library bibliothèque de présentation S-52 RELOCATION FUND Pas de besoin de dotation en 298 546,36 0,00 298 546,36 0,00 0,00 298 546,36 No requirement to add to fund in 2016 FONDS POUR LES DEMENAGEMENTS 2016 Les montants de début et de fin de période tiennent compte des Opening and closing balances take into INTERNAL RETIREMENT FUND pensions versées aux retraités, account pension payments to retired 3 167 006,00 -152 000,00 3 319 006,00 120 000,00 145 000,00 3 294 006,00 FONDS DE RETRAITE INTERNE des contributions du personnel en staff, contributions by active staff and activité et des intérêts sur le interest on capital sum capital Dépenses estimées en attente du Estimated expenditures subject to the SPECIAL PROJECTS FUND 80 242,33 8 635,00 71 607,33 20 000,00 30 000,00 61 607,33 programme de travail 2016 à 2016 work programme to be approved FONDS POUR LES PROJETS SPECIAUX approuver par le HSSC by HSSC CAPACITY BUILDING FUND - IHO FUNDED Dépenses estimées en attente du Estimated expenditures subject to the FONDS POUR LE RENFORCEMENT DES 210 604,00 192 332,00 18 272,00 45 000,00 60 000,00 3 272,00 programme de travail CB 2016 à 2016 CB work programme to be CAPACITES - FINANCEMENT OHI approuver par le CBSC approved by CBSC CAPACITY BUILDING FUND - EXTERNAL FUNDING Dépenses estimées en attente du Estimated expenditures subject to the FONDS POUR LE RENFORCEMENT DES 996 689,00 738 575,00 258 114,00 80 000,00 338 000,00 114,00 programme de travail CB 2016 à 2016 CB work programme to be CAPACITES - FINANCEMENT EXTERNE approuver par le CBSC approved by CBSC TOTAL 5 392 336,02 837 237,00 4 555 099,02 301 500,00 583 000,00 4 273 599,02