Decision 72/42

The Executive Committee decided:

1. To note the accounts of the Multilateral Fund contained in document UNEP/OzL.Pro/ExCom/72/44;
2. To request the Treasurer:
   1. To report on the status of consolidation of the accounts of the Multilateral Fund to the 74^th meeting once the International Public Sector Accounting Standards and Umoja were fully operational;
   2. To seek, in consultation with the Secretariat, expert views on the issue of fund transfers from the Treasurer to the implementing agencies and to report back to the 73^rd meeting; and
   3. To include in the next report on the accounts of the Multilateral Fund integrated information on the UNEP-wide standard on cash advances and the 20 per cent disbursement threshold for tranches of HCFC phase-out management plans to show clearly the relationship between the two issues, together with further information on the criteria used for the placement of funds to ensure risk reduction and the maximization of interest accrual.