Decision 54/41

The Executive Committee decided:

1. To take note of the report on the reconciliation of the 2006 accounts contained in document UNEP/OzL.Pro/ExCom/54/55;
2. To agree to UNEP’s request to report on its findings with regard to the US $105,494 difference in expenditures recorded in its financial statement and its progress report, and the nature of the corrective action required, to the 55^th Meeting;
3. To note that further work would be undertaken in the administrative cost study to address the adequacy of the agency fees and core unit funding, as well as how programme support costs received for bilateral activities were recorded;
4. To recommend that the consultant for the administrative cost study take into consideration document UNEP/OzL.Pro/ExCom/54/55;
5. To note:
   1. That there was no standard methodology for reporting on programme costs in the financial statements of the implementing agencies;
   2. That UNEP, UNDP and the World Bank had separate trust funds for their Montreal Protocol activities; and
   3. That UNDP and the World Bank had separate accounts for core unit costs and for agency fees.