Decision 54/3

Taking into consideration the resources available for approvals at the 54th Meeting, the Executive Committee decided to note:

1. The report on balances and availability of resources contained in document UNEP/OzL.Pro/ExCom/54/4;
2. The net level of funds being returned by the implementing agencies to the 54^th Meeting amounting to US $598,760 against project balances, comprising the return of US $413 from UNDP, US $279,684 from UNEP, US $257,168 from UNIDO and US $61,495 from the World Bank;
3. The net level of support costs being returned by the implementing agencies to the 54^th Meeting amounting to US $55,746 against project support cost balances. This included the return of US $45 from UNDP, US $31,278 from UNEP, US $20,427 from UNIDO and US $3,996 from the World Bank;
4. That implementing agencies had balances totalling US $11,023,102 excluding support costs from projects completed over two years previously, comprising US $387,718 from UNDP, US $1,041,526 from UNEP, US $662,682 from UNIDO, and US $8,931,176 from the World Bank;
5. That US $24,100 should be deducted from the bilateral contribution of Australia as a result of funds being returned from the halon management and banking programme in India; and
6. That US $86,439,073 were available to the Executive Committee for approvals at the 54^th Meeting.