As the network’s research projects have entered active implementation, significant progress has been made in aligning actual expenditures with planned spending.
Over the reporting period, the network’s total spend was 73% of planned spending ($5,201,077 against a 2018/19 budget of $7,147,944, not including carry-over from previous years). This represents a marked increase on the previous fiscal year (2017/18) during which actual spending was 45% of planned spending ($4,755,117 against a budget of $10,514,115).
The network has succeeded in increasing the proportion of budgeted funds spent during the current reporting period; however, a significant underspend from Year 1 and 2 remains as a result of delays in executing institutional agreements. Indeed, our total carry-over from Year 1 and 2 is $11,971,335 (cash and in-kind).
Note: The terms “Year 1”, “Year 2” and “Year 3” are used throughout this section to denote the years of Can-SOLVE CKD’s operations. Year 1 is FY 2016/17, Year 2 is FY 2017/18 and Year 3 is FY 2018/19.