INTEGRATED WATER RESOURCE MANAGEMENT II - LIFE-IWRMII ...

INTRODUCTION
The tables following this page present a summary of the status of the project budgets based on actual
invoices through October 28 with estimates for expenditures in November and December. It should
be noted that IRG has submitted a proposed budget realignment to USAID/Egypt for approval.
The budget realignment has not been approved by USAID to date and therefore this report
continues to utilize the original budget breakdown which results in some items appearing to be
overspent to a large degree. Once the realignment is agreed upon and approved, future financial
reports will be based on the new reallocation of budget line items with no change in the total budget
and the actual status of each line item will be more accurately reflected.
ANNUAL REPORT YEAR 3 (JANUARY – DECEMBER 2011) 37