Decision 80/5

The Executive Committee decided:

1. To note:
   1. The document on approved 2017, revised 2018 and 2019, and proposed 2020 budgets of the Fund Secretariat contained in UNEP/OzL.Pro/ExCom/80/7;
   2. That US $62,802 in expenditures not recorded in the 2016 accounts had been reallocated to the 2017 approved budget;
   3. The return of US $1,388,758 (comprising US $1,345,650 from the approved 2016 budget for the Secretariat and US $43,108 from the approved 2016 budget for the monitoring and evaluation work programme) to the Multilateral Fund at the 80^th meeting;
2. To approve as contained in Annex II to the present report:
   1. The revised 2018 and 2019 budgets amounting to US $7,402,419 and US $7,540,205, respectively; and
   2. The proposed 2020 budget of US $7,682,125, based on the revised 2019 budget, including two meetings of the Executive Committee and a three per cent increase in staff costs.