Decision 65/50

65th Meeting of the Executive Committee
November 2011
UNEP
Final accounts

The Executive Committee decided:

  1. To note:
    1. The audited financial statement of the Multilateral Fund as at 31 December 2010, contained in document UNEP/OzL.Pro/ExCom/65/56;
    2. The actions taken with respect to recording the loss on the fixed‑exchange‑rate‑mechanism previously recorded as part of the Secretariat’s expenditures as a separate line item in the accounts of the Fund and that any losses or gains under the mechanism would be recorded in UNEP’s accounts using an identifying code;
    3. The action taken regarding the return of bilateral project balances in cash as part of prior years’ contributions instead of miscellaneous income;
    4. The indicative breakdown of the US $500,000 annual fees of the Treasurer, provided by the Treasurer as a supplement to the 2010 accounts only;
    5. That document UNEP/OzL.Pro/ExCom/65/58 on the revised 2012, approved 2013 and proposed 2014 budgets contained the Secretariat’s report on monitoring staff costs and assessing the appropriate rate of increase for future years;
    6. That the final audit report on the 2010 financial statement for the year ended 31 December 2010 was pending UNEP’s review; and
  2. To request the Treasurer to record in the 2011 accounts the differences between the agencies’ provisional statements and their final 2010 accounts, as reflected in tables 1 and 2 of document UNEP/OzL.Pro/ExCom/65/56.