Decision 59/50

59th Meeting of the Executive Committee
November 2009
China
UNDP | UNEP | UNIDO | USA | World Bank
Reconciliation of accounts

Following the presentation, the Executive Committee decided:

  1. To note:
    1. The reconciliation of the accounts as presented in document UNEP/OzL.Pro/ExCom/59/56;
    2. That the World Bank had adjusted its inventory of projects by US $303 and that the 2006 outstanding reconciling item of the US $303 from the World Bank on approved projects had been closed; and
    3. That all agencies had completed their 2006 reconciliation at approval, income and expenditure levels;
  2. To note with appreciation the report provided by the World Bank on the outstanding 2007 reconciling item of US $1,510,471;
  3. To request the Treasurer to return the amount of US $1,510,471 to the World Bank based on:
    1. The double reporting and deduction by the Treasurer of US $870,549 of the promissory note gains;
    2. The double reporting and deduction by the Treasurer of US $640,225 on the unrealized investment loss;
    3. The return of US $303 from the Bank to the Fund.
  4. To note the following outstanding reconciling items in the 2008 reconciliation of the accounts exercise:

UNDP

  1. An additional amount of US $11 in UNDP’s records of approved projects to be aligned with the 2008 approved projects as per the Secretariat’s Inventory;
  2. US $18,567 in expenditure reported by UNDP as a project-level error adjusted in the progress report but not adjusted in the 2008 accounts;

UNEP

  1. A shortfall of US $176,401 against project GLO/SEV/50/TAS/276 in the approved amounts in the progress report, to be adjusted in accordance with UNEP’s balance report to the 59th Meeting;
  2. A shortfall of US $1,905 in the 2008 expenditures in the accounts reported as expenditure in the 2009 accounts;

UNIDO

  1. A US $14 surplus in UNIDO’s income;
  2. A US $208 shortfall in 2008 final expenditures; and

World Bank

  1. The 2008 standing reconciling item of US $5,375,000 in the World Bank’s income related to the United States of America bilateral project in China on accelerated production phase-out (CPR/PRO/47/INV/439);
  1. To request the Treasurer to carry 2008 adjustments forward to 2009 by:
  2. Recording the amount of US $297,686 related to UNDP 2008 expenditure in 2009; and
  3. Recording of the amount of US $504,841 related to UNDP’s 2008 interest income in 2009.