Decision 75/70

75th Meeting of the Executive Committee
November 2015
Final accounts

The Executive Committee decided:

  1. To note:
    1. The final financial statements of the Multilateral Fund as at 31 December 2014 prepared in accordance with decision 74/52(b) contained in document UNEP/OzL.Pro/ExCom/75/80;
    2. That UNEP had received the report of United Nations Board of Auditors for the biennium ended 31 December 2014 and that there were no major issues of relevance to the Multilateral Fund;
    3. The feedback from the Treasurer on the bank account of the Multilateral Fund in New York;
    4. That under the International Public Sector Accounting Standards (IPSAS) contributions outstanding for up to three years are reported under the “voluntary pledges receivable” category and contributions outstanding for more than three years were maintained under “the doubtful accounts receivable” category;
    5. The report of the workshop on the reporting requirements under IPSAS contained in Annex II to document UNEP/OzL.Pro/ExCom/75/80;
  2. To request the Treasurer to record in the 2015 accounts of the Multilateral Fund the differences between the implementing agencies’ provisional 2014 financial statements and their final 2014 statements as reflected in Tables 1 and 2 of the document UNEP/OzL.Pro/ExCom/75/80; and
  3. To authorize the Treasurer to restate the 2014 expenditure balance in the 2015 accounts so that the UNIDO 2014 accounts met the IPSAS reporting requirements.