The Thirty-eighth Meeting of the Executive Committee decided to request UNEP to continue to provide the service of Treasurer at zero cost to the Multilateral Fund, along the lines of the original agreement, for a further period of six months to enable the appropriate bodies, among them the Executive Committee, to examine the issue.
(UNEP/OzL.Pro/ExCom/38/70/Rev.1, Decision 38/37, para. 72 (a)).
The Thirty-ninth Meeting of the Executive Committee decided:
(a) to express appreciation for the fact that, consistent with the agreement reached with the Executive Committee in 1991, UNEP had acted as Treasurer of the Multilateral Fund for the past 12 years at no cost to the Fund;
(b) to take note of the fact that, in a letter submitted to the 38th Meeting of the Executive Committee, the Executive Director of UNEP had informed the Executive Committee that UNEP’s role as Treasurer could no longer be performed free of charge;
(c) to request the Secretariat to explore with UNEP, the World Bank and other potential bodies which might act as Treasurer of the Multilateral Fund, their experience, potential services and fees associated with taking on that role, taking into account the views expressed by representatives at the 39th Meeting of the Executive Committee, and to report back to the 40th Meeting of the Executive Committee.
(UNEP/OzL.Pro/ExCom/39/43, Decision 39/3, para. 31).
Also, at its Thirty-ninth Meeting, the Executive Committee agreed to request UNEP to continue providing the services of Treasurer of the Multilateral Fund under the current agreement for a period not exceeding 1 September 2003.
(UNEP/OzL.Pro/ExCom/39/43, Decision 39/4, para. 34).
The Fortieth Meeting of the Executive Committee decided:
(c) to request UNEP to continue acting as Treasurer of the Multilateral Fund until the modalities of cost estimates and reimbursement could be agreed;
(d) Pending the conclusion of such agreement, to inform the Executive Director of UNEP that the Multilateral Fund would reimburse UNEP for the costs of doing so at a rate of US $301,000 per annum as quoted by UNEP, whose starting point would be 1 September 2003;
(e) to define precisely the services that would be required of the Treasurer and to request the Secretariat to collect additional information on the services available in other organizations and reflect them in a new draft agreement;
(f) to re-examine the issue at its 41st Meeting.
(UNEP/OzL.Pro/ExCom/40/50, Decision 40/3, para. 28 (c - f). .
(Supporting document: UNEP/OzL.Pro/40/5 and Add.1).
The Forty-first Meeting of the Executive Committee decided:
(a) to request UNEP to continue acting as Treasurer;
(b) to negotiate a new agreement with UNEP for its services as Treasurer;
(c) that the new agreement should stipulate that the annual fee of the Treasurer would remain in effect unchanged for a period of five years as of the date of the agreement;
(d) that, pending the conclusion of the new agreement, UNEP should continue to be reimbursed for the cost of acting as Treasurer at a rate of US $301,000 per annum;
(e) to request UNEP to substantiate its request for an annual fee of US $500,000, including clarification of its need for additional support staff, and to seek further savings in this area;
(f) also to request UNEP to provide information on the rate of return on its Fund investments; and
(g) to re-examine the issue at its 42nd Meeting.
(UNEP/OzL.Pro/ExCom/41/87, Decision 41/3, para. 32).
The Forty-second Meeting of the Executive Committee decided:
(b) to approve an annual fee amounting to US $500,000, inclusive of annual inflation, effective 1 April 2004 continuing for the next five years, for UNEP for providing the service of the Treasurer, as indicated in Annex I.2 to the present report; and
(c) to request the Secretariat to ensure that the functions of Treasurer (Annex XIV) were clearly distributed between the P-4 and P-5 positions mentioned in document UNEP/OzL.Pro/ExCom/42/47/Rev.1.
(UNEP/OzL.Pro/ExCom/42/54, Decision 42/42(b, c), para. 140 (b, c)).