Decision 53/42

Following the discussion, the Executive Committee decided:

1. To note the reconciliation of 2006 accounts as presented in document UNEP/OzL.Pro/ExCom/53/65;
2. To request UNEP to review the Inventory of Approved Projects figures versus progress reports and to make corrections according to the approvals recorded in the reports of the Executive Committee;
3. To request UNEP to present to the 54^th Meeting of the Executive Committee a report on its findings on reconciling the amount of US $105,494 and the actions it proposed to take to reconcile the data in its progress report with that in its final financial statement;
4. To note the explanations of UNDP, UNIDO and the World Bank on the expenditures of the programme support costs in respect of approved projects, and to request UNEP to do the same at the 54^th Meeting so as to enable a better understanding of expenditures incurred against the agency’s programme support costs;
5. To request the Treasurer to report to the 54^th Meeting on the methodology used by the implementing agencies when reporting on expenditures incurred against the programme support costs for approved projects;
6. To request the World Bank to provide an explanation of the US $303 excess income in order to offset that amount against future transfers, if required; and
7. To request the Treasurer and the agencies to make the adjustments required in the 2007 accounts as a result of the 2006 reconciliation exercise as reflected in Tables 1 and 2 of document UNEP/OzL.Pro/ExCom/53/65.