Decision 43/39

July 2004
UNDP | World Bank
Reconciliation of accounts

Having considered the adjustments regarding UNDP’s initial start-up costs and its 2002 accounts and given that the World Bank’s audited 2002 accounts had not been submitted to the 43rd Meeting, the Executive Committee decided:

  1. To note the reconciliation of the 2002 accounts as presented in documents UNEP/OzL.Pro/ExCom/43/52 and UNEP/OzL.Pro/ExCom/43/52/Add.1, together with Japan’s reservation;
  2. Also to note that the Treasurer would make the appropriate adjustments to account for the additional interest reported by UNDP and the audited level of initial start-up costs as indicated by UNDP to be US $596,500; and
  3. To urge the World Bank to submit the audited 2002 accounts to the 44th Meeting of the Executive Committee.