Decision 88/3

The Executive Committee decided:

1. To note:
   1. The report on balances and availability of resources contained in document UNEP/OzL.Pro/ExCom/88/4;
   2. That the net level of funds being returned at the 88^th meeting by the implementing agencies was US $6,320,237, consisting of US $2,261,506, plus agency support costs of US $168,607, from UNDP, US $3,165,404, plus agency support costs of US $241,892, from UNEP, US $36,946, plus agency support costs of US $2,678, from UNIDO and agency support costs of US $443,204 from the World Bank;
   3. That UNDP held balances of US $25,773, including agency support costs, from three projects completed over two years previously, and US $22,223, including agency support costs, from three completed projects funded using the additional voluntary contributions made by a group of donor countries to finance fast-start activities for the implementation of HFC phase-down;
   4. That UNEP held balances of US $116,344, including agency support costs, from two projects completed“by decision of the Executive Committee”;
   5. That the net level of funds being returned by the Government of Australia at the 88^th meeting was US $2,070, plus agency support costs of US $269;
2. To request:
   1. Bilateral and implementing agencies to proceed with disbursement or to cancel committed and not-committed funds that were not needed for completed projects and projects completed“by decision of the Executive Committee” and to return the associated balances at the 90^th meeting;
   2. UNDP to proceed with disbursement or to cancel commitments for the remaining three projects completed over two years previously and to return the balances at the 90^th meeting;
   3. UNDP to return at the 90^th meeting the balances of three completed projects funded using the additional voluntary contributions;
   4. UNEP to return at the 90^th meeting the balances of two projects completed “by decision of the Executive Committee”, in line with decision 86/16(f)(i); and
   5. The Treasurer to follow up with the Government of Australia, on the return, in cash, of the amount of US $2,339 referred to in sub-paragraph (a)(v) above.