Decision 55/47

The Executive Committee decided:

1. To take note of the Fund’s 2007 provisional financial statements contained in document UNEP/OzL.Pro/ExCom/55/52;
2. To note that the 2007 final accounts of the Fund would be submitted to the Executive Committee at the 56^th Meeting;
3. To note that the World Bank reflected expenditures against the chiller concessional loan project for Thailand (THA/REF/26/INV/104) in its 2007 financial statement and not in its progress report, which constituted a reconciling item in the 2007 reconciliation of the accounts exercise;
4. To note that necessary actions had been taken by the Treasurer to reflect the adjustments resulting from the reconciliation of the 2006 accounts exercise;
5. To request the Treasurer to report to the 56^th Meeting audit observations and recommendations on the Multilateral Fund Secretariat accounts for the Committee’s consideration; and
6. To note the Secretariat’s explanation relating to an overrun against certain budget lines in the Secretariat’s main accounts.