Board Finance Committee (BFC) Minutes | 9 May 2013

BFC Attendees: Sébastien Bachollet, Cherine Chalaby (Chair), Chris Disspain, and George Sadowsky

Other Board attendees: Steve Crocker

Staff Members Present: Akram Atallah – Chief Operating Officer, Xavier Calvez – Chief Financial Officer; Megan Bishop, Michelle Bright, Samantha Eisner, Taryn Presley, Ken Redhead, and Amy Stathos


The following is a summary of discussions, actions taken and actions identified:

  1. Minutes: The BFC approved the minutes of its previous meeting.

  2. FY14 Budget: The BFC reviewed the draft FY14 budget prior to the budget being posted for public comment. The staff reported on the change in the budget process that was used for the development of this budget, including community input from working groups. The budget includes the fast track budget requests that were approved at the Beijing meeting. The BFC began a discussion on how to revise the fast track process to remove the exceptional nature of those approvals and streamline them more as part of a regular approval process. The staff then presented a detailed review of the draft budget, and discussed changes and improvements to the presentation prior to posting for comment. The BFC discussed some of the community support requests, and agreed to have a further discussion on how those requests are analyzed, with a particular focus on the SSAC budget requests. The BFC agreed that, pending changes to the document, staff should move forward with the posting of the FY14 Budget for public comment.

    • Actions:

      • Discussion on the fast track approval to be continued at the next meeting of the BFC.

      • Paper to be produced for BFC comparing FY13 budget to FY14 budget.

      • Staff to revise FY14 in line with BFC comments prior to posting.

      • BFC to continue discussions regarding the status of community fast track budget requests at the next meeting of the BFC, including the SSAC fast track budget request for additional travel funding for the Durban meeting.

      • BFC to discuss timing of approval of budget at the next meeting of the BFC.

      • BFC members to submit additional proposed topics for discussion at the next meeting of the BFC.