Decision 56/13

Management of the unspent fund balance from MYAs

The Executive Committee decided to set up a contact group, with the representative of the United States of America as the facilitator. Having heard the report of the contact group, the Executive Committee decided:

1. To continue monitoring activities and the utilization of project balances beyond the end of the agreements with the Executive Committee for the foams and halons and CFC production sector plans and the related accelerated phase-out sector plans in China, with the following simplified procedures:
   1. China would submit a final work plan for the foam sector, as had been done in the halon and CFC production sectors with information on planned activities including associated funding. Each respective work plan would provide a list of activities and the associated budget for each activity to be carried out in 2009 and beyond. China would use those work plans as a basis for implementation of work in each sector in 2009 and beyond with the understanding that China had flexibility to make necessary adjustments to those plans. With this flexibility, China would not be required to submit any additional work plans unless there were major changes made to them;
   2. China would continue to have independent financial audits conducted of the account of the three sector plans. The financial audit reports based on the format used in the previous years would be provided to the Executive Committee on an annual basis from 2009 and beyond. China would provide the necessary information for the project completion reports;
   3. The World Bank would facilitate the review and submission of any adjustments to the work plans and financial audit reports to the Executive Committee, and submit the related project completion reports upon the final expenditure of funds;
2. To note that the Executive Committee was approving work plans beyond 2009 for the halon and CFC production and the related accelerated phase-out sector plans in China; and
3. To request China to resubmit the work plan for activities beyond 2009 for the foam sector to the 57^th Meeting.