Decision 80/4

The Executive Committee decided:

1. To note the reconciliation of the 2016 accounts contained in document UNEP/OzL.Pro/ExCom/80/6;
2. To request the Treasurer to deduct from the future transfers:
   1. To UNDP, US $309,668, on account of an interest income reported in its 2016 final accounts that was higher than in its provisional accounts;
   2. To UNIDO, US $78,754, on account of an interest income reported in its 2016 final accounts that had yet to be offset against new approvals;
   3. To the World Bank, US $131,618, on account of an investment income reported in its 2016 accounts that had yet to be offset against new approvals;
3. To request UNDP to make the following adjustments in its 2017 progress report:
   1. US $56,760 in income, representing additional funds approved for a project (IDS/PHA/64/INV/195) at the 66^th meeting but not adjusted in the 2016 progress report;
   2. US $312,406, representing interest from the HCFC phase-out management plan for China, adjusted in UNDP’s income but not reflected in its 2016 progress report;
   3. US $39, representing an incorrect adjustment for one project (DOM/PHA/77/INV/60) in its 2016 progress report;
   4. US $34, representing a rounding difference in agency support costs adjusted in UNDP’s 2015 progress report but not in its 2016 progress report;
4. To request UNIDO:
   1. To make an adjustment of US $1,122 in its 2017 progress report, representing balances returned for several projects incorrectly reflected in its 2016 progress report;
   2. To reflect in its 2017 accounts US $2,055,000 in 2016 income not recorded in 2016;
5. To request the World Bank to address the rounding difference of US $7 for 2016, of which US $4 had been carried forward from 2015;
6. To note that the following 2016 outstanding reconciling items would be updated prior to the 82^nd meeting by relevant implementing agencies:
   1. Differences of US $110,654 in income between UNEP’s progress report and final accounts;
   2. Differences of US $135,304 in income between the World Bank’s progress report and final accounts;
7. To note the standing reconciling items as follows:
   1. UNDP, for unspecified projects, in the amounts of US $68,300 and US $29,054;
   2. The World Bank, for the following projects, being implemented with other bilateral agencies, where applicable:

- The bilateral cooperation of the Government of Japan (THA/PHA/68/TAS/158), in the amount of US $342,350;

- The bilateral cooperation of the Government of Sweden (THA/HAL/29/TAS/120), in the amount of US $225,985;

- The bilateral cooperation of the Government of the United States of America (CPR/PRO/44/INV/425), in the amount of US $5,375,000;

- The bilateral cooperation of the Government of the United States of America (CPR/PRO/47/INV/439), in the amount of US $5,375,000; and

- The Thailand chiller project (THA/REF/26/INV/104), in the amount of US $1,198,946.