Page 57 - AERC Strategic Plan 2 July2020

THE AERC 2020–2025 STRATEGIC PLAN

Figure 1: Funding Sources (2015–2020)

International Other Income
Institutions 7% Non-African
8% Governments and
Foundations Institutions
11% 42%

African Governments
and Institutions
32%

Table 2: Analysis of projected and actual income 2015–2020 and
comparison with previous strategies (US$ ‘000)

Strategy
Funding Target Actual Actual Actual Actual Projected Total Variance % Variance %
Categories 2015/16 2016/17 2017/18 2018/19 2019/ 2020 Contribution
2015/2020
Governments
Non-African
Governments and 40,655 3,825 5,335 5,127 4,884 5,446 24,617 -16,038 -39% 42%
Institutions
African
Governments and 12,199 3,034 5,028 5,797 3,460 1,130 18,449 6,250 51% 32%
Institutions
Sub-Total 52,854 6,859 10,363 10,924 8,344 6,576 43,066 -9,788 -19% 74%
Governments
Foundations 8,062 1,395 2,322 1,076 1,154 578 6,525 -1,537 -19% 11%
International 10,295 1,556 735 926 900 806 4,923 -5,372 -52% 8%
Institutions
Other Income 2,020 1,076 1,416 646 575 200 3,913 1,893 94% 7%
Total Income 73,231 10,886 14,836 13,572 10,973 8,160 58,427 -14,804 16% 100%

Programme Expenditure

The total projected/actual expenditure for the period was US$61.2 million as shown
in Table 2. This was 18.28 per cent less than the planned target. This performance
demonstrates a decline in programme activities as it represents an 11 per cent and a
5 per cent decrease over the Strategic Plan 2010-2015 and Strategic Plan 2005-2010
expenditure levels respectively. The excess expenditure over income was financed from
the carry-over programme net assets from the 2010-2015 Strategic Plan.

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