1. World Meteorological Organization Working together in weather, climate and water IPSAS Implementation Congress www.wmo.int WMO

2. 1. Introduction The move from UNSAS to IPSAS introduces fundamental changes in the recognition of revenue and expenses Introduction of IPSAS provides tangible benefits for Members and management WMO among the first group of UN agencies to implement IPSAS Move to IPSAS the successful culmination of a significant level of efforts and commitment by the staff Budget Proposal 2012-2015

3. 2. IPSAS implementation Fifteenth Congress approved IPSAS to replace UNSAS Executive Council approved budget of CHF 3.8 million in June 2008 Progress reports provided to Executive Council and Audit Committee IPSAS Project Committee, led by dedicated Project Manager Budget Proposal 2012-2015

4. 3. IPSAS project tasks Close cooperation with UN interagency IPSAS working group Revision of WMO Financial Regulations Development of IPSAS-compliant business processes Development of the Oracle E-Business Suite with implmentation of new modules Oracle upgrade from release R11 to R12 Fundamental changes to financial statements

5. 4. Financial statements Restatement of 2010 opening balance for IPSAS compliance, with reduction of net assets/equity from CHF 99.5 to CHF 59.9 million Financial separation/joint venture consolidation of 8 entities not controlled by WMO valued at CHF 22.3 million Depreciation of capital assets (building, vehicles, equipment) Determination of liabilities for employee benefits of CHF 66.3 million Amortization of Headquarters building loan by CHF 19.8 million Recognition of in-kind contribution, including land and interest free loan provided by Swiss Authorities Reporting of financial information by segments to enhance transparency Introduction of inventory with a value of CHF 193,000 New and detailed notes to the financial statements Comparison UNSAS-based budget and IPSAS compatible expenditure

6. 5. Results Target 1: IPSAS audited financial accounts 2010 presented to WMO governing bodies Target 2: Project implementation within budget Target 3: Business infrastructure upgraded (business processes, resource management system) Target 4: Follow up action initiated to ensure sustainability, complementarity and full use of new information

7. 6. Follow-up Oracle upgrade from release R11 to R12 Move to IPSAS compliant accrual budgeting with model to be presented in 2014 Continuous training of technical departments in new business processes Provision of IPSAS-based information for governance and management