Decision 68/43

68th Meeting of the Executive Committee
December 2012
Russian Federation
UNEP | UNIDO | World Bank
Final accounts

After hearing the outcome of the informal meeting, the Executive Committee decided:

  1. To note the audited financial statement of the Multilateral Fund as at 31 December 2011 contained in document UNEP/OzL.Pro/ExCom/68/48;
  2. To note that the final audit report on the 2011 financial statement for the year ended 31 December 2011 had been completed;
  3. To take note of the United Nations Board of Auditors’ findings and recommendations on the MLF’s 2011 accounts and:
  4. To request the Treasurer:
    1. To note that the auditors had undertaken a review of the appropriateness of the current reporting arrangements for expenditures by the Trust Fund of the Multilateral Fund, and determined that the inclusion, and the presentation as a separate statement, were proper under United Nations System Accounting Standards (UNSAS);
    2. To request UNEP to consult the Executive Committee prior to any decision regarding possible integration of the accounts of the Multilateral Fund with the accounts of UNEP under the International Public Sector Accounting Standards (IPSAS);
    3. To reflect the footnote regarding the Russian Federation in the 2012 accounts, as directed by the Executive Committee in decision 67/1(c), requesting the Treasurer to maintain the outstanding contributions of the Russian Federation in the outstanding contributions category of the Fund’s accounts;
    4. To ensure that the recommendation by the United Nations Board of Auditors to record audited statements from implementing agencies (World Bank and UNIDO) would not prevent the annual reconciliation of the accounts taking place within the same time frame;
    5. To request UNEP to inform the Executive Committee of any options it considers to mitigate exchange rate risks prior to their implementation;
  5. To request UNEP, as implementing agency, to advise the Executive Committee if it determines that any changes to its current practices and procedures related to cash advances may be needed; and
    1. To request the Treasurer to record in the 2012 accounts the differences between the agencies’ provisional statements and their final 2011 accounts, as reflected in tables 1 and 2 of document UNEP/OzL.Pro/ExCom/68/48.