Decision 50/45

Following a discussion, the Executive Committee decided to approve the revised 2007, 2008 and proposed 2009 budgets of the Fund Secretariat (Annex XVII to the present report) as follows:

1. To approve the amount of US $2,426,000 in the revised 2007 budget of the Fund Secretariat totalling US $5,264,261 to cover the 2007 salary component already approved at the 48^th Meeting of the Executive Committee, the 2007 operational costs of the Secretariat and the amount of US $500,000 for the 2007 treasury fee;
2. To further note that while approving the 2007 treasury fee of US $500,000, a sum of US $200,000 is withheld, pending legal advice;
3. To request the Secretariat to seek legal advice in respect of the terms of the contract with UNEP as Treasurer, specifically focusing on the issue of the P5 post;
4. To request the Chair of the Executive Committee to write to the Executive Director of UNEP advising him of the Executive Committee’s decisions taken at the 50^th Meeting and outlining the reasons for withholding the sum of US $200,000;
5. To note the amount of US $2,980,174 for the salary component in 2008 already approved at the 49^th Meeting;
6. To approve the proposed 2009 salary component of the budget totalling US $3,129,183; and
7. To approve an additional amount in the 2007 budget to cover the cost of the study on destruction of unwanted ODS.