Skip to main content

Decision XXVI/21 : Financial reports and budgets for the Montreal Protocol

Recalling decision XXV/20 on financial reports of the trust funds and budgets for the Montreal Protocol,

Taking note of the financial report on the Trust Fund for the Montreal Protocol on Substances that Deplete the Ozone Layer for the biennium 2012–2013, ended 31 December 2013,

Recognizing that voluntary contributions are an essential complement for the effective implementation of the Montreal Protocol,

Welcoming the continued efficient management by the Secretariat of the finances of the Trust Fund for the Montreal Protocol on Substances that Deplete the Ozone Layer,

  1. To take note with appreciation of the financial statement of the Trust Fund for the biennium 2012–2013, ended 31 December 2013, and the report on the actual expenditures for 2012 and 2013 as compared with the approvals for those years;
  2. To approve the revised budget for 2014 in the amount of $5,065,460 and the budget for 2015 in the amount of $5,922,857, and to note the budget for 2016 in the amount of $5,033,230, as set out in annex IV to the report of the tenth meeting of the Conference of the Parties to the Vienna Convention and the Twenty-Sixth Meeting of the Parties to the Montreal Protocol;[3]
  3. To authorize the Secretariat to draw down the amounts of $788,527 in 2014 and $1,645,924 in 2015, and to note the proposed drawdown of $756,297 in 2016;
  4. To approve, as a consequence of the drawdowns referred to in paragraph 3 of the present decision, that the contributions to be paid by the parties amount to $4,276,933 for 2014 and 2015, and to note the contributions of $4,276,933 for 2016, as set out in annex V to the report of the tenth meeting of the Conference of the Parties to the Vienna Convention and the Twenty-Sixth Meeting of the Parties to the Montreal Protocol;
  5. That no funds shall be spent to cover the travel costs to meetings of members of the Assessment Panels from parties not operating under paragraph 1 of Article 5 of the Protocol;
  6. To reaffirm a working capital reserve at a level of 15 per cent of the annual budget to be used to meet the final expenditures under the Trust Fund, noting that the working capital reserve shall be set aside from the existing fund balance;
  7. To request the Secretariat to indicate in future financial reports of the Trust Fund for the Montreal Protocol, the amounts of cash in hand in the section entitled “Total reserves and fund balances”, in addition to contributions that have not yet been received;
  8. To encourage parties, non-parties and other stakeholders to contribute financially and by other means to assist members of the three assessment panels and their subsidiary bodies with a view to ensuring their continued participation in the assessment activities under the Protocol;
  9. To note with concern that a number of parties have not paid their contributions for 2014 and prior years, and to urge those parties to pay both their outstanding contributions and future contributions promptly and in full;
  10. To request the Executive Director of the United Nations Environment Programme to extend the Trust Fund until 31 December 2025;

 

[3] UNEP/OzL.Conv.10/7-UNEP/OzL.Pro.26/10.