Having considered the recommendations of the Sub-Committee on Monitoring, Evaluation and Finance (UNEP/OzL.Pro/ExCom/38/4, paragraphs 31 and 32), the Executive Committee decided:
(a) To note the accounts as presented in Schedules 1.1-1.7 attached as Annex II to the present report;
(b) Also to note the return to the 38th meeting of funds for re-programming amounting to US $11,872,332, which comprised US $1,103,805 from UNDP, US $123,196 from UNEP, and US $5,271,991 from the World Bank; and US $5,373,340 from UNIDO reverting back to the Multilateral Fund from promissory notes previously earmarked for UNIDO, as explained in UNEP/OzL.Pro/ExCom/38/12 and Corr.1;
(c) To request the Secretariat and the Treasurer to pursue their efforts to complete the reconciliation of the accounts of UNDP and the World Bank;
(d) Also to request that a full reconciliation of the Accounts of the Fund with the data in the implementing agencies’ progress reports be presented to the third meeting of the Executive Committee each year.