Decision 60/3

The Executive Committee decided:

1. To note:
   1. The report on balances and availability of resources contained in document UNEP/OzL.Pro/ExCom/60/5;
   2. That the net level of funds being returned to the 60^th Meeting by the implementing agencies was US $66,944 against projects, which included the return of US $38,855 from UNDP, US $9 from UNEP and US $28,080 from UNIDO;
   3. That the net level of support costs being returned by the implementing agencies to the 60^th Meeting was US $6,445 against projects, which included the return of US $3,912 from UNDP, US $1 from UNEP and US $2,532 from UNIDO; and
   4. That the net level of funds and support costs being returned by the bilateral agencies to the 60^th Meeting was US $140,019, which reflected no return from Finland as a result from its intent to use its unspent balance on other projects, US $16 by France and US $140,003 by Sweden, and to request the Treasurer to follow up the cash transfer of those amounts with France and Sweden;
2. To approve the transfer to UNIDO of two projects (ROM/PHA/45/TAS/31 and YUG/PHA/43/TAS/22) from Sweden, as well as the transfer of US $123,897 in project costs and US $9,292 in support costs for the two projects, as requested by Sweden in its letter to the Secretariat of 12 February 2010, and thereby:
   1. Reduce the bilateral funding approved for the Government of Sweden for the implementation of the project ROM/PHA/45/TAS/31 by US $83,219, plus agency support costs of US $10,818, and to increase the funding approved for UNIDO for implementation of the same project by US $83,219, plus agency support costs of US $6,241, as agreed mutually between the Governments of Romania and Sweden and UNIDO; the text of the present decision would form an amendment to the Agreement between the Government of Romania and the Executive Committee; and
   2. Reduce the bilateral funding approved for the Government of Sweden for implementation of the project YUG/PHA/43/TAS/22 by US $40,678, plus agency support costs of US $5,288, and to increase the funding approved for UNIDO for implementation of the same project by US $40,678, plus agency support costs of US $3,051, as agreed mutually between the Governments of Serbia and Sweden and UNIDO; the text of the present decision would form an amendment to the Agreement between the Government of Serbia and the Executive Committee;
3. To note:
   1. That implementing agencies had total balances of US $4,579,745, excluding support costs, from projects completed more than two years previously, which comprised US $709,606 for UNDP, US $1,295,490 for UNEP, US $522,148 for UNIDO, and US $2,052,501 for the World Bank;
   2. That UNEP had an unobligated balance of US $1,928,039 for completed projects; and
   3. That there were balances totalling US $52,712 for Finland, US $87,864 for France, US $20,203 for Japan and US $26,841 for Spain, including support costs; and
4. To request UNEP to report on the application of the financial rules regarding obligated cash advances by the 61^st Meeting.