Decision 87/3

The Executive Committee decided:

1. To note:
   1. The approved 2020 and 2021, revised 2022 and proposed 2023 budgets of the Fund Secretariat contained in document UNEP/OzL.Pro/ExCom/87/5;
   2. That US $24,209 in expenditures not recorded in the final 2019 accounts had been reallocated to the 2020 budget;
2. To approve, as contained in Annex II to the present report:
   1. The revised 2022 budget of US $6,915,766, based on the analysis of staff costs in response to decision 84/6(c), resulting in the return of US $1,033,864 to the Multilateral Fund at the 87^th meeting; and
   2. The proposed 2023 budget of US $7,039,830, based on the revised 2022 budget, which included two meetings of the Executive Committee in Montreal, and a 3 per cent increase in staff costs.