WELCOME | INNOVATION | HIGHLIGHTS 2007 | HIGHLIGHTS 2006 | 01 FIGHTING
MALNUTRITION | MEASURING OUR PERFORMANCE | 02 BUILDING PARTNERSHIPS |
NEW PARTNERS AND INNOVATIONS | 03 ENABLING INNOVATION | 04 IMPROVE NUTRITION
| FORTIFICATION PROGRAMS | 05 FINANCIAL STATEMENT | INCOME STATEMENT AS
AT 06.30.07 | BALANCE SHEET AS AT 06.30.07 | GAIN BOARD OF DIRECTORS |
GAIN MANAGEMENT
GAIN is in sound financial shape.
Steady growth
Since the financial year 2005/2006, GAIN’s total expenditures have been expanding. This growth is primarily due to the growth in new programs, such as our work on infant and young child nutrition. For the financial year 2007/2008, we are currently forecasting total expenditures of US$ 22.5 million.
GAIN keeps accurate track of its income and expenditure, and applies strict policies and procedures to ensure transparency and accountability towards its supporters and partners. The result is that our auditors, Deloitte, have given our accounting a clean bill of health. While our Income Statement and Balance Sheet from that report are presented in the pages that follow, we invite you to read the complete auditors report and financial statements, which can be found at www.gainhealth.org.
Investing in nutrition
Financial and technical support to food fortification in 2006/2007 took the largest share of expenditures at almost 54 per cent, whereas our efforts to create new partnerships and work on innovative projects received 17 per cent of our operating budget. One per cent was invested in the development of our new program of work on infant and young child nutrition.
Our expenditures on corporate and administrative services reached nearly 16 per cent, only slightly higher than our goal to keep overheads below 15 per cent. It means monitoring and cutting costs remain as important as ever. Further, the projected increase in program expenditures in the coming fiscal year will also allow us to meet
this efficiency target.
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