Financial Statements
BECC's operating budget is funded by contributions from México, through SEMARNAT (Secretary of the Environment and Natural Resources), and from the United States, through the Department of State.
Revenue (2016)
-
Contribution - USA
$2,400,000 -
Contribution - Mexico
$1,793,750 -
Contribution - EPA
$297,950 -
Contribution - NADB
$918,750
Expenses (2016)
-
Salaries and benefits
$4,325,537 -
Travel & transportation
$340,547 -
Technical Assistance & fees
$2,202,945 -
Other expenses
$1,063,180
The annual operating budget is developed by BECC administration and reviewed and approved by the Board of Directors. For fiscal year 2016, the Board authorized a budget of $5.8 million, which included $5 million to support administrative expenses and $800,000 dlls for BECC’s Technical Assistance program.
In addition to its operating budget, BECC manages the Project Development Assistance Program (PDAP), which is funded by EPA’s US-Mexico Border Program, as well as several environmental management initiatives funded by EPA through the Border 2012 and Border 2020 Programs. The operating budget was subsidized by EPA funds, with $1.2 million to offset expenses related to administering PDAP and nearly $246,000 for Border 2020. Additionally, during 2016, BECC expended $797,000 of EPA funds through PDAP and $990,000 through Border 2020 grants to support projects, technical studies, and related activities.
Audited Financial Reports
BECC’s consolidated financial statements as of December 31, 2016, were audited by the accounting firm of KPMG Cárdenas Dosal, S.C. in conformity with generally accepted auditing standards in Mexico. A summary of the financial statements is presented below. A copy of the auditor’s report with the consolidated financial statements and accompanying notes is available at the link below.