Decision 59/51

Following the discussion, the Executive Committee decided:

1. To note the Treasurer’s report on the agreement between the Executive Committee and UNEP as Treasurer of the Fund as contained in document UNEP/OzL.Pro/ExCom/59/57;
2. To maintain the fee level at US $500,000 per annum until the Executive Committee had had an opportunity to consider the results of the audit of the Secretariat on administrative and Fund management matters;
3. To review the Treasurer’s service at its 62^nd Meeting, taking into account any relevant audit observation;
4. To note that provision of data on expenditures was a matter of transparency and was inherent to the mandate of UNEP; and
5. To request UNEP to provide indicative data on expenditures between 2004 and 2009, to the extent feasible, and to bring to the 62^nd Meeting a plan for providing expenditure data as part of its future treasury services.