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Reconciliation of the 2002 and 2003 accounts

The Forty-fourth Meeting of the Executive Committee decided:

(a)  to note the reconciliation of the 2002 and 2003 accounts presented in documents UNEP/OzL.Pro/ExCom/44/66, Corrs.1 and 2;

(b)  to request the Treasurer to make the necessary adjustments in accordance with his ongoing responsibility to ensure sufficient funds to cover Executive Committee approvals;

(c)  to request those bilateral agencies that advanced funds to Implementing Agencies, which were then placed in interest-bearing accounts, to return the interest collected as additional income to the Multilateral Fund in accordance with United Nations standard accounting practices, unless their agreements with Implementing Agencies stipulated otherwise; and

(d)  to request the Treasurer, the Implementing Agencies and the Secretariat to hold a workshop in the margins of the next inter-agency coordination meeting on common terminology and procedures for the reconciliation of accounts and to forward the results of the workshop to the Executive Committee if deemed necessary by the workshop participants.

(UNEP/OzL.Pro/ExCom/44/73, Decision 44/55, para. 214).

(Supporting document: UNEP/OzL.Pro/ExCom/44/66, Corrs. 1 and 2).


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