The document proposes establishing a CPF Facility account for each FAO representation to enable field offices to access small funding opportunities and revenues that current rules make inaccessible. The CPF account would operate under simplified conditions compared to regular trust funds, be aligned with FAO regulations, and only require a narrative report rather than financial reporting. It aims to streamline processes, reduce pressure on regular program budgets, and make funds rapidly available for project-related activities in line with each country's CPF. Oversight would come from the FAOR, CSFD, and OIG to ensure compliance with financial regulations and manage risks.

1. FAO CPF FACILITY
Context, principles and targets
A proposal by Antonelli Carlo (FAOSO)

2. THE CPF FACILITY
The RP funds allotted yearly to a representation have a limited scope of eligibility and a duration not exceeding the Year (and more
broadly, the biennium).
However, there may arise from time to time, funding opportunities for field offices, that given their small amounts are inaccessible due
to the Organization’s strict rules governing the management of trust funds.
Likewise, in the course of field activities, numerous small miscellaneous revenues are either credited to TF projects in the form of
negative expenditures, or as revenue in the country’s RP budgets. This two possible forms of accounting may not be sufficient to cover
the actual intended use of this income (these are always for project activities).
To bridge this gap, and facilitate the use of untapped resources, this document proposes the opening of the CPF facility, one for each
representation, which will enable the office to operate a local TF MUL under simplified conditions and responding to Trust Fund Project
rules and regulations.
The CPF MUL account will be similar to the RP FYR account, but not subject to RP regulations. The CPF MUL account will be aligned
to the Organization’s Financial Regulations, DG Bulletins and Admin Circulars. The account’s activities will not require a Financial
Report, but only a narrative report to be included in the yearly Country Activities Report.

3. CPF FACILITY OBJECTIVES
 New and innovative tool to access locally untapped financial resources
 Project Cycle Streamlining & Simplification
 Linked to the Country’s CPF
 Reducing the Pressure on the RP Funds
 Multi-year operability – Agile and flexible
 Project related activities are permitted

4. COMPLIANCE WITH FAO’S
PROCESSES AND REGULATIONS
 Financial Regulations
 DG Buletins and Admin Circulars
 Project cycle
 Delegation of authority
 Reporting
 Internal oversight

5. FUNDING SOURCES
 Bilateral contributions (up to 100,000 USD)
 Unspent project balances
 Unspent project interests
 UN to UN Agreements
 Sale of Assets
 Misc Revenues
 Others

6. WHY USE THE CPF FACILITY?
 Project activies are allowed
 Recruitment of NPPs permitted
 Efficient – Reduced service costs
 Streamlined – No financial reporting required
 Rapid – Linked to the broader CPF objectives
 Convenient – Reduced RP requirements
 Agile - Unearmarked funds rapidly available
 No financial reporting
 Unconditional management of Assets is permitted

7. CPF DELEGATION AND OVERSIGHT
 FAOR (BH) – Delegathed Official
 CSFD – Monitors budgetary expenditures via Outposted Officers
 OIG – Oversight on CPF actions

8. WHAT IS NEEDED?
 Trust fund account denominated CPF/.../.../MUL
 Simplified Appraisal and Approval (PC3)
 Implementation and Monitoring (PC4)
 No financial reporting required
 Uncoditional management of Assets allowed
 Simplified Narrative Reporting embedded in the CAR

9. HOW DO WE MANAGE THE RISK?
 Compliance to the Financial Regualtions governing the use of Trust
Funds
 Continous budget monitoring from the BH in coordination with CSF’s
Decentralized Offices
 Periodic audits from OIG

10. FAO CPF
 The CPF sets developmental priorities to guide FAO’s
partnership with and support to the host Government. It
aims at supporting the Government’s efforts towards its
commitment to eliminate poverty and reduce inequality.
It has a validity of four (4) years, and, subject to
availability of resources, FAO commits through this
CPF 2022 – 2025 to assist the Government in
advancing its developmental agenda as set out in its
National Development Plans.

11. CPF FACILITY AGREEMENT
 Simplified contribution agreement

12. COUNTRY ANNUAL REPORT
 The FAO Country Annual Report represents the main
reporting tool at country level on the overall FAO
performance in achieving country-level results (CPF
outputs) during the reporting period. It is composed of
three parts covering: (i) executive summary; (ii)
programmatic matters; and (iii) managerial and
representational matters.

13. DOCUMENTS