The budget performance for the first 18 months of the biennium 2006–2007 of the trust funds administered by the secretariat is presented. The aim is to inform Parties of income and expenditures and results achieved by 30 June 2007. The secretariat is currently showing a budget implementation rate of 73 per cent, which is just below the ideal implementation rate of 75 per cent at this point in the biennium, while only 77 per cent of the total indicative contributions expected for the biennium had been received at the time of the report. The Subsidiary Body for Implementation may wish to take note of the information presented, particularly the work achieved, the generous contributions made and the need for Parties to pay
their contributions, and decide on actions that may need to be included in draft decisions on administrative and financial matters to be recommended for adoption by the Conference of the Parties at its thirteenth session, and the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol at its third session