Having considered the recommendation of the Sub-Committee on Monitoring, Evaluation and Finance (UNEP/OzL.Pro/ExCom/38/4, paragraphs 33 and 34), the Executive Committee decided to approve the revised budget for the year 2003 amounting to US $3,303,099 and the provisions for Secretariat staff salary costs for the period 2004-2005 amounting to US $3,182,761 as contained in Annex III to the present report.