The Thirty-eighth Meeting of the Executive Committee decided:
(a) to adopt a new administrative cost regime for the 2003-2005 triennium that includes US $1.5 million, subject to annual review, for a core unit funding budget per year, applying in addition:
(i) an agency fee of 7.5 per cent for projects with a project cost at or above US $250,000, as well as institutional strengthening projects and project preparation;
(ii) an agency fee of 9 per cent for projects with a project cost below US $250,000, including country programme preparation;
(b) to apply the above regime to UNDP, UNIDO and the World Bank;
(c) to urge Implementing Agencies to strive toward achieving optimization of these support costs, taking into account the goal of Decision VIII/4 of the Eighth Meeting of the Parties to reduce agency support costs to an average below 10 per cent, recognizing that new challenges in the implementation of projects during the compliance period would require substantial support from Implementing Agencies;
(d) review the administrative cost regime and its core unit funding budget at the 41st Meeting of the Executive Committee.
(UNEP/OzL.Pro/ExCom/38/70/Rev.1, Decision 38/68, para. 116).
(Supporting document: UNEP/OzL.Pro/ExCom/38/59).
The Forty-first Meeting of the Executive Committee decided to continue to monitor the administrative cost regime adopted by Decision 38/68 in the context of budget requests for future years bearing in mind the need to maintain an overall rate of administrative costs below 10 per cent as was achieved in 2002 and 2003.
(UNEP/OzL.Pro/ExCom/41/87, Decision 41/94, para. 150(d)).
(Supporting document: UNEP/OzL.Pro/ExCom/41/81).