1. FINANCE PRESENTATION TO UNRWA Sub-AdCom 14 JUNE 2011

2. May 2011 FINANCE (UPDATE) No major changes from starting position.
1 Jan 11 - Income Statement Deficit -$63.0m
- Cash deficit -$51.0m
31 May 11 - Income Statement Deficit -$63.0m
- Cash deficit -$55.0m
Adverse increase in CAF (depreciation of NIS) -$3.0m offset by F/C in PSC Income +$3.0m.
Donor Income F/C $458.0m (exclude favourable FX $8.0m) = $450.0m. Budget of $453.0m
Favourable FX on Income +$8.5m – Offset by FX on Derivatives -$8.6m
Timing of future cash receipts critical to effect July Post salary payment.
Difficult to meet November Payroll, currently inadequate cash for December Payroll.

3. May 2011 FINANCE (UPDATE) To be presented to 21/22 June 2011 Ad-Com:3
To be presented to 21/22 June 2011 Ad-Com:
May 2011 Finance Update
UNRWA Finance Structure
UNRWA Financial Reforms
2006/07 – 2012/13 UNRWA Expenditure – Draft Budgets 3

4. Questions ?