Financing
ANNUAL REPORT 2021
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 |
1,346,777 |
|
Fees from academic and standardized programmes |
607,576 |
|
Revenue from extra-budgetary resources (balance) |
415,445 |
|
Other revenue* |
529,994 |
|
Appropriations for the general structure |
-2,818,402 |
|
Appropriations for the implementation of activities/projects |
-221,728 |
|
Profit according to profit and loss statement (EUR) |
-140,338 |
* 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 2021 (EUR)
Country |
Amount |
Armenia |
1.000,00 € |
Austria1 |
800.000,00 € |
China |
200.000,00 € |
Chile |
7.203,94 € |
Cyprus |
10.000,00 € |
Finland |
5.000,00 |
Hungary |
10.000,00 € |
Kazakhstan |
10.000,00 € |
Korea |
47.286,00 € |
Malaysia |
100.000,00 € |
Mongolia |
10.000,00 € |
Pakistan |
5.780,35 |
Russian Federation2 |
27.844,94 € |
Saudi Arabia3 |
100.000,00 € |
Thailand |
12.662,03 |
1 The total amount of the received contribution from Austria was EUR 770.000,00. Additional amount of EUR 30.000,00 was still expected to be received and was already considered in IACA´s Financial Statement 2021.
2 The total amount of the received contribution from the Russian Federation was USD 200.000,00. The amount of EUR 143.902,59 was earmarked for implementation of various IACA activities.
3 The total amount of the received contribution from the Saudi Arabia was EUR 150.000,00. The amount of EUR 50.000,00 was earmarked for implementation of various IACA activities.
Contributing Partners (Non-State Entities) contributions earmarked for special projects partly implemented in 2021
Other |
Total funding |
|
Siemens Integrity Initiative III |
$ 1.500.000,00 |
(2020 - 2024) |
Siemens Integrity Initiative Golden Stretch |
$ 2.000.000,00 |
(2021 - 2024) |
Nazaha Initiative on the Measurement of Corruption |
$ 874.000,00 |
(2021-2024) |
KBA-NotaSys Integrity Fund |
€ 150.000,00 |
(2021-2023) |
Independent External Audit of the financial year 2021
The independent external auditors, appointed by the Board of Governors (BoG) from senior members of the national supreme audit or other suitable institutions of IACA Parties, formed a collegial body of three and conducted the audit in a hybrid format, with one auditor participating online and two auditors being present onsite at IACA premises in Laxenburg, from 25 to 27 April 2022. External auditors act in their personal capacity and enjoy functional and organizational independence in conducting the audit. Following the approval by the Board of Governors (BoG), the findings of the independent external audit will be 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 2021, IACA offered more than 126 scholarships. It offered 37 (IACSA 2021 online) and 24 (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, DR Congo, El Salvador, Egypt, Ghana, Germany, Gambia, Honduras, India, Indonesia, Kazakhstan, Kyrgyzstan, Liberia, Malawi, Malaysia, Mauritania, Mexico, Mozambique, Nigeria, Pakistan, Philippines, Romania, Russian Federation, Rwanda, Serbia, Sierra Leone, Sudan, Turkey, Uganda, United Kingdom, and Zambia.
In addition, with the generous contribution from Austria, the IACA-UNODC Summer School provided 65 scholarships to young students and professionals from the following countries: Afghanistan, Angola, Bangladesh, Bhutan, Burkina Faso, Cambodia, Ethiopia, Lesotho, Malawi, Mozambique, Nepal, Nigeria, Sierra Leone, Somalia, South Sudan, Tanzania, Togo, Uganda, and Zambia.
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 of nationals from less privileged parts of the world in IACA’s programmes. Direct contributions to the scholarship fund are also possible.
Scholarships for LDCs
IACA strives to make its programmes more accessible financially, geographically, and linguistically. The Academy supports and offers scholarships to students from LDCs and developing countries. Recently, IACA established two Global Programmes for LDCs: Empowering Foreign Service Officials, IO, and NGO staff of LDCs to Fight Corruption through Education and Training; and Empowering Women in LDCs through Education and Training.