Decision 40/2

Following a discussion, in which a number of Parties reported that their contributions had been made but had not yet been reflected in the report, the Executive Committee decided:

1. To take note with appreciation of the Treasurer’s report, including the tables showing the updated status of the Fund as at 11 July 2003 and reproduced in Annex I to the present report; 
2. To note:
   1. that the explanation of the methodology and assumptions being used by the Treasurer could be made available through the Internet;
   2. the payments by Parties of their contributions in accordance with the financial procedures and regulations in force in their respective countries;
   3. with concern the low level of rates of payment of contributions; and
   4. the importance of reconciled financial accounts, which would facilitate the financial decisions of the Executive Committee;
3. To urge those Parties that had not yet done so to make their contributions in a timely manner;
4. To request the Treasurer:
   1. to remind Parties of the need for early payment of their contributions;
   2. to include footnotes in the report to indicate the provisional nature of the unreconciled financial accounts; and
   3. to report on how the financial accounts were to be reconciled as well as on how this reconciliation might be effected as early in the year as possible.