42nd Meeting - Montreal, March-April 2004

Document UNEP/OzL.Pro/ExCom/42/2:  presents a report on the activities of the Secretariat since the 41st Meeting of the Executive Committee. The document also includes information on project balances. At its 40th Meeting, the Executive Committee decided that issues such as return of balances from cancelled or completed projects should be handled administratively between the Secretariat and responsible implementing agencies with appropriate reports, including audited financial reports, to the Executive Committee (Decision 40/52(b)).  A summary of the financial adjustments indicated by the implementing agencies and agreed by the Fund Secretariat is presented.

• (Note the report by the Chief Officer)
• Financial adjustments

The Executive Committee may wish to consider:

 

1. Noting the report on Secretariat Activities including the report on project balances contained in UNEP/OzL.Pro/ExCom/42/2.

 

2. Noting the levels of funds being returned to the 42nd Meeting against project balances totalling US $2,574,926 (UNDP  US $526,643 including reimbursement of funds previously returned in error for two projects by UNDP; UNIDO  US $1,048,283; and the World Bank  US $1,000,000), and additionally the return of support costs totalling US $280,891 (UNDP  US $68,463 including reimbursement of support costs previously returned in error for two projects by UNDP; UNIDO  US $117,428; and the World Bank  US $95,000).

 

3. Noting that implementing agencies had balances totalling US $513,207 excluding support costs from projects completed over two years ago: UNDP (US $388,882 plus support costs); UNEP (US $33,857 plus support costs); and the World Bank (US $90,468 plus support costs).