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pdf SCAR XXXVI Paper 04: Finance Report

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SCAR XXXVI Paper 04: Finance Report

SCAR XXXVI Delegates Meeting, Online, 16-25 March 2021

SCAR XXXVI Paper 04: Finance Report

Agenda Item: 3.2
Person Responsible: Jefferson Simões

Authors: Jefferson Simões, Eoghan Griffin

 

Summary

SCAR finances are healthy, albeit after a difficult 2020 due to Brexit and the COVID-19 pandemic. The Executive Committee has modified our usual budget provisions to accommodate new ways of working and support those likely to be most compromised.

A substantial part of the 2020 subsidiary groups’ budget was carried forward to 2021, as a great part of their planned actions were either postponed or cancelled due to the pandemic. Special actions were taken to protect the SCAR financial assets and the Secretariat staff while the pandemic continues.

It will be necessary to consider increases in National Contribution levels, largely unchanged since 2012, in the coming years. Proposals will be developed to address this issue and presented to the Delegates meeting in 2022 in Hyderabad, India.

The Finance Committee have met, in advance of the Delegates Meeting, and reviewed and approved the Statements and Budgets submitted to the Delegates Meeting.