1. 2016 Budget Interim report on Income & Expenditure 2014 Financial Statements & Audit Report GEO-XII 11-12 November 2015

2. 2014 Financial Statements Audit summary results Financial reserves: 2.4 MCHF Sound financial situation and clean audit report Consider raising reserves up to one’s year budget Appreciation to internal (WMO) and external auditors (Switzerland)

3. 2015 Budget Situation

4. Budget Historical background YearApprovedRefAccountsRef 20133,983K GEO_IX- Doc18(Rev1) 3,186K ExCo_31- Doc19 20144,121K GEO_X- Doc15(Rev1) 3,802K GEO_XII- Doc19 20154,260K GEO_XI- Doc17(Rev1) 3,440K (*) GEO_XII- Doc20 20164,642K(**) GEO_XII- Doc16(Rev1) Only the cash contribution considered Amounts in CHF (*) Projected (**) Proposed

5. Foundational Tasks Resources Summary for 2016

6. Recommendation on the 2016 Budget ref. to GEO_XII-Doc. 16 (rev1) The Budget Working Group recommends Plenary to approve the 2016 Budget positively. Further revisions to the budget may occur as a result of: The actual availability of the resources identified, and The considerations of the effects of implementing the BWG recommendations identified in the document.