Decision 71/46

71st Meeting of the Executive Committee
December 2013
Final accounts

The Executive Committee decided:

  1. To note the final financial statements of the Multilateral Fund as at 31 December 2012 contained in document UNEP/OzL.Pro/ExCom/71/60;
  2. To note that UNEP had yet to receive the final audit report of the 2012 accounts from the United Nations Board of Auditors;
  3. To request the Treasurer to record in the 2013 accounts of the Multilateral Fund the differences between the implementing agencies’ provisional financial statements and their final 2012 accounts, as reflected in Tables 1 and 2 of document UNEP/OzL.Pro/ExCom/71/60;
  4. To request the Treasurer to report to the Executive Committee at its 72nd meeting on the:
    1. Consolidation of the Multilateral Fund accounts with those of UNEP under the International Public Sector Accounting Standards;
    2. Mitigation of exchange rate risks on pledged contributions;
    3. Procedures set by the UNEP-wide standard on cash advances and the potential impact on Multilateral Fund-funded project implementation; and
  5. To request the Secretariat, in cooperation with the implementing agencies and the Treasurer, to further consider the impact of fund transfers to implementing agencies from the Treasurer, including information on rates of return on interest, in the light of the information provided in document UNEP/OzL.Pro/ExCom/71/58, and to report back to the Executive Committee at its 72nd meeting.