The budget performance for the first six months of the biennium 2008–2009 of the trust funds administered by the secretariat is presented. The aim is to inform Parties of income and expenditure and results achieved as at 30 June 2008. The secretariat received 67.5 per cent of the total indicative contributions expected for 2008 under the core budget. Contributions to the Trust Fund for Participation in the UNFCCC Process amounted to USD 4.5 million. Contributions to the Trust Fund for Supplementary Activities amounted to USD 9.1 million, in addition to USD 15.3 million for the clean development mechanism, USD 1.8 million for joint implementation and USD 2.5 million for the international transaction log. On the other hand, expenditure under the core budget was maintained at USD 12.9 million (including programme support costs), or 47.7 per cent of the approved budget for the year. Expenditure under the other trust funds and fee-based income amounted to USD 22.3 million, bringing total expenditure under all trust funds to USD 35.2 million for the first six months of the biennium. The Subsidiary Body for Implementation is invited to take note of the information presented and to propose a draft decision on administrative and financial matters to be recommended for adoption by the Conference of the Parties at its fourteenth session, and the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol at its fourth session