The Executive Committee requested the Implementing Agencies to provide information on "funds disbursed" at the same level of detail as given in the approval of the Executive Committee and as recorded in the Consolidated Progress Report.
(UNEP/OzL.Pro/ExCom/10/40, para. 79).
The Seventeenth Meeting of the Executive Committee decided:
(a) to require the Implementing Agencies to indicate disbursements against Executive Committee approvals and to indicate savings or deficits for all completed work programme and investment project approvals;
(b) to offset savings and interest reported against approvals given at the present Meeting;
(c) that cost savings resulting from investment project implementation should not be permitted to be offset against cost overruns, except for work programme activities where:
(i) no contingency fees are included;
(ii) the amounts involved total no more than 5 per cent of the value of the project;
(iii) the amounts to be offset fall within the overall financial envelope of the Implementing Agency;
(iv) the work programme concerned was approved by the Executive Committee before 1 January 1995;
(UNEP/OzL.Pro/ExCom/17/60, Decision 17/22 paras. 34a, 34b, 34c).
The Twentieth Meeting of the Executive Committee, noting that problems of comparability had occurred in that, while the World Bank reported funds disbursed as actual expenditures, the three United Nations agencies reported them as actual expenditures plus obligations, decided:
(a) that "funds disbursed", as reported in the progress reports by the Implementing Agencies to the Executive Committee, were actual recorded expenditures, not including unliquidated obligations;
(b) to take note that actual recorded expenditures did not fully reflect actual progress in project implementation.
(UNEP/OzL.Pro/ExCom/20/72, Decision 20/13, para. 24).
The Twentieth Meeting of the Executive Committee decided to request the Sub-Committee on Financial Matters to consider the implications of decision 17/22 with regard to UNEP’s request for adjustments to project approvals.
(UNEP/OzL.Pro/ExCom/20/72, Decision 20/33, para. 45(b).