Decision 66/2

The Executive Committee decided:

1. To note:
   1. The report on balances and availability of resources contained in document UNEP/OzL.Pro/ExCom/66/4;
   2. That the net level of funds being returned by the implementing agencies to the 66^th meeting was US $2,773,074 against projects, which included the return of US $676,933 from UNDP, US $52,098 from UNEP, US $130,094 from UNIDO, and US $1,913,949 from the World Bank;
   3. That the net level of support costs being returned by the implementing agencies to the 66^th meeting was US $255,236 against projects, which included the return of US $73,257 from UNDP, US $6,773 from UNEP, US $13,866 from UNIDO, and US $161,340 from the World Bank;
   4. That the return from the World Bank included the transfer of US $1,835,205, plus US $154,294 in support costs, from the World Bank to UNEP for the national CFC phase-out plan for the Philippines, in accordance with decision 65/10(e);
   5. That implementing agencies had balances totalling US $1,235,799, excluding support costs, from projects completed over two years previously, which included US $362,381 for UNDP, US $266,972 for UNEP and US $606,446 for UNIDO;
   6. That the Government of France had unobligated balances totalling US $78,440, excluding support costs, attributed to a project completed over two years previously;
   7. That UNIDO’s report to the 66^th meeting reflected no unobligated balances for completed projects, as a follow-up to decisions 64/2(i) and 65/2(b);
   8. That the net level of funds and support costs being returned by the Governments of Italy and Japan at the 66^th meeting was US $382 and US $77,950, respectively, and to request the Treasurer to follow up with Italy and Japan on their returns in cash to the Fund;
   9. Italy’s return of accrued interest of US $261,583 as additional income directly to the Fund; and
2. To request agencies with long-outstanding obligated balances on projects completed in 2005, 2006 and 2007 to return these balances as soon as possible.