Financing

The financial statements are prepared in line with the rules governing the financial framework of IACA and relevant decisions made by its organs. They are based on Generally Accepted Accounting Principles, giving a true and fair view of the Organization´s financial position.

Budget execution

The consolidated budget comprises:

  • the general expenses, containing the essential administration, facility, and infrastructure costs necessary for accommodating and running the organization and the institutional costs necessary for the steering and governance of the organization, and
  • the project/programme funds, containing dedicated funds for programmes and activities and for providing scholarships.

Summary of the profit and loss statement (EUR)

Voluntary contributions

         

1,252,913

Fees from academic and standardized programmes

 

410,753

Revenue from extra-budgetary resources (balance)

 

333,462

Other revenue*

 

511,695

Appropriations for the general structure

 

-2,212,270

Appropriations for the implementation of activities/projects

 

-162,238

Profit according to profit and loss statement (EUR)  

 

134,315

* Other Revenue line includes income from sales of other products, such as merchandise, and also includes the annual amount for the rent of the facility in Laxenburg.

Voluntary Contributions for the general budget in 2020 (EUR)

Country

         

Amount

Armenia

 

1,000.00

Austria

 

800,000.00

China1

 

141,069.82

Chile

 

7,237,82

Cyprus

 

5,000.00

Hungary

 

10,000.00

Kazakhstan

 

 10,000.00

Korea

 

50,000.00 

Malaysia

 

100,000.00 

Mongolia

 

10,000.00 

OMV

 

20,000.00 

Russia Federation2

 

98,605.63 

1 The total amount of the received contribution from China was EUR 200,000. The amount of EUR 58,930.18 is earmarked for implementation of activities.

2 The total amount of the received contribution from Russian Federation was EUR 168,605.63. The amount of EUR 70,000.00 is earmarked for implementation of activities.

Contributing Partners (Non-State Entities) contributions earmarked for special projects partly implemented in 2020

Other

 

Total funding

 

Siemens Integrity Initiative III

        

 $ 1,500,000.00

(2020  -2024)

Philipp Moris International

 

50,000.00 €

(2018-2020)

Independent External Audit of the financial year 2020

The independent external auditors, appointed by the Board of Governors (BoG) from senior members of national supreme audit or other suitable institutions of IACA Parties, formed a collegial body of three and conducted the audit online from May to July 2021. External auditors act in their personal capacity and enjoy functional and organizational independence in conducting the audit. Following the approval by the BoG, the findings of the independent external audit were also presented and taken note of at the organization’s annual Assembly of Parties.

Scholarships

IACA offers a limited number of scholarships, generally for students from Least Developed Countries (LDCs) as defined by the United Nations, and for citizens from IACA State Parties, listed under the World Bank Classification of Countries by Income as the Lower-Middle- and Upper-Middle-Income Economies. These highly competitive scholarships are merit-based and they fully or partially cover the programme fee.

In 2020, IACA offered 74 (IACSA 2020 online) and 22 (academic programmes) full and partial scholarships to students and participants of its academic programmes and open trainings courtesy of the Siemens Integrity Initiative. The highly qualified participants benefiting from these scholarships hailed the following countries: Afghanistan, Angola, Argentina, Austria, Azerbaijan, Bosnia and Herzegovina, Botswana, Brazil, Burkina Faso, China, El Salvador, Egypt, Ghana, Germany, Gambia, Honduras, India, Kazakhstan, Kyrgyzstan, Liberia, Malawi, Malaysia, Mexico, Mozambique, Nigeria, Pakistan, Philippines, Romania, Russian Federation, Rwanda, Serbia, Sierra Leone, Sudan, Turkey, Uganda, United Kingdom, and Zambia.

96 full and partial scholarships

To further support scholarship provision, IACA has continued to offer courtesy shares instead of courtesy gifts, where the value indicated on the shares is dedicated to IACA’s scholarship fund for empowering professionals. The money is used to subsidize the participation for nationals from less privileged parts of the world in IACA’s programmes. Direct contributions to the scholarship fund are also possible.

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Laxenburg/Vienna, Austria  |  T: +43 2236 710 718 101

© 2023 IACA. Developed by IACA.

Laxenburg/Vienna, Austria  |  T: +43 2236 710 718 101

© 2023 IACA. Developed by IACA.

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